Geopulse Exploration Completes Full Acquisition of ATC Services, Expands Permian Basin Presence
TL;DR
Geopulse acquires ATC Services in a strategic move to expand operations, providing a competitive edge in the oil and gas construction market.
Geopulse completed the acquisition of all outstanding membership interests of ATC Services, adding high-margin support services to its Texas operations.
The acquisition of ATC Services by Geopulse is expected to lead to sustainable growth in the oil and gas industry, benefiting both companies and the local economy.
ATC Services offers a wide range of services, including drilling, construction, and environmental remediation, making it a versatile addition to Geopulse's portfolio.
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Geopulse Exploration, Inc. has completed its full acquisition of ATC Services, a Texas-based oil and gas construction and maintenance company, expanding its operational footprint in the Permian Basin. The transaction, finalized on April 28, 2025, involves purchasing the remaining 50% of ATC's membership units, transforming the company into a wholly-owned subsidiary.
The acquisition is strategically significant, with management projecting approximately $12 million in additional run-rate annual revenue. ATC Services specializes in providing high-margin support services to major players in the energy sector, including drilling and facility pad construction, road maintenance, environmental remediation, and specialized equipment services.
As part of the transaction, two ATC executives, Shawn Rye and Chris Bishop, will join Geopulse's Board of Directors. Both companies anticipate substantial growth opportunities through organic expansion and potential future acquisitions in the Texas market.
Geopulse's leadership views the acquisition as a critical strategy to increase shareholder value, particularly in light of growing energy demand and potential industrial re-shoring efforts. The company plans to leverage ATC's established service portfolio to capitalize on emerging market opportunities in West Texas.
The acquisition culminates with Geopulse preparing to open a new headquarters in Big Spring, Texas, in June 2025, signaling the company's commitment to expanding its regional presence and service capabilities.
Curated from NewMediaWire
