White Deer Energy L.P. II, its affiliates and J-W Measurement Company's senior management team, bought J-W Measurement Company for an undisclosed amount. J-W Measurement Company was a subsidiary J-W Energy Company. Based in Dallas, J-W Measurement is engaged in the business of manufacturing various kinds of engineering equipment. It specializes in engineered measurement stations, meter tubes, power supply equipment, production equipment, and fabricated buildings, among others.
J-W Energy's CEO Gene Gradick said the sale will propel both companies to greater heights. "J-W Energy Company and its shareholders are excited for the opportunities this transaction provides to both J-W Energy Company and J-W Measurement Company to achieve even greater heights in the future. J-W Energy Company is proud of the growth and achievements of J-W Measurement Company and its leadership team," he said.
An energy private equity company, White Deer focuses its investments in the oil and gas industry. White Deer Energy L.P. II, one of its two private equity funds, targets investments in the range of USD 50 million to USD 150 million. The company is a long-term investor.
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