OFS Energy Fund investment in KW International bears fruit

By

KW International LLC announced that it has opened a new 140,000 square foot production facility in Columbus, Texas. The manufacturing facility is around 75 miles west of Houston. Houston-based KW International LLC is a manufacturer of specialized equipment for the oil and gas sector.

The manufacturer was only able to widen its manufacturing capabilities with help of the OFS Energy Fund, a Houston-based private equity firm that had earlier invested in KW International.

KW International's new manufacturing center will produce and repair line heaters, sand traps, separator equipment and other equipment for offshore and onshore drilling.

The private equity fund also allowed KW International to create 150 new jobs at the facility, which it expects to be filled soon. The manufacturer also plans to improve its field service capacities to provide companies directly involved in shale plays service.

"As infrastructure in shale plays develops, the Columbus facility will allow KWI to be in a position to capitalize on the oil and gas industry's demands, while building on KWI's 50 years of exemplary manufacturing and service," a partner at the OFS Fund, Bruce Ross, stated in a statement.

© 2024 VCPOST.com All rights reserved. Do not reproduce without permission.

Join the Conversation

Real Time Analytics