Gardner Denver High Pressure Solutions has been renamed GD Energy Products to better reflect its commitment to the upstream oil and gas market, according to a company release on Sept. 27.
Since 1859, Gardner Denver High Pressure Solutions has been designing and perfecting pumps for the global oil and gas industry. The Houston-based company’s state-of-the-art repair shops and service facilities in every major North American shale play contribute to making it the only total solutions provider to the drilling, well servicing and frac pumps market, according to the release.
In 2020, the company’s predecessor merged with Ingersoll Rand’s industrial segment. The Gardner Denver High Pressure Solutions business, however, was later spun out through the acquisition of a majority interest by private equity firm American Industrial Partners, which closed in April.
As a standalone business, GD Energy Products said it will now focus its efforts on best serving its customers in the upstream oilfield service sector, while continuing its legacy of delivering “highly-engineered and efficient, customer-driven solutions to meet the evolving needs of the market.”
In a statement commenting on the announcement, Edward Bayhi, CFO at GD Energy Products, said, “As GD Energy Products we will advance our history of innovation and commercialization of technologies that enable efficient energy production.”
“Alongside our renewed focus on upstream oil and gas, we will continue to work around the clock focusing on new product development, supply chain optimization and operational excellence,” Bayhi added. “We look forward to continuing to build on the strong foundation that GD Energy Products rests upon today.”
Larry Kerr has been appointed CEO of GD Energy Products, having built up 36 years of experience in the industry, 10 of those at Gardner Denver.
“Our rebranding as GD Energy Products is a great step forward for the organization that our customers have trusted from day one, for more than 160 years,” Kerr said in the release.
“This transition will enable our team to grow, our business to thrive, and most importantly will give us increased flexibility to continue to serve our customers with innovative products and unrivaled customer service,” he continued. “We are excited about our next phase of tremendous growth as GD Energy Products—a standalone organization.”
Rockcliff Energy LLC retained EnergyNet Indigo for the sale of producing conventional oil and gas properties in the East Texas Basin in Nacogdoches and Angelina counties.
EnerVest Energy Institutional Fund XII-WIB LP retained EnergyNet for the sale of an Appalachia asset package located in various counties in Ohio and Pennsylvania through an auction closing June 17.
Ascent Resources retained EnergyNet for the sale of multiple packages in the core of the Utica Shale with one of the play’s top operators in Ohio through a sealed-bid offering closing Dec. 17.