A fast-growing Newark-area safety services company has acquired a Pennsylvania firm that works in the oil gas industry.
TekSolv announced Monday that acquired Crawford Technical Services, based in Hershey. The company’s businesses include water monitoring and shale gas systems engineering.
“This is a strategic acquisition for TekSolv and of mutual benefit for both companies. We are receiving tremendous talent, technology, and expanding our product and service portfolio that will strengthen opportunities with our customers and drive our business forward,” stated John Mouser, TekSolv president.
For the past year, TekSolv and Crawford have been strategic partners in the creation of TekNet, a data network used in oil fields, a release stated.
The system features monitoring and control systems, gas detectors and alarms, and advanced communications. TekNet uses Internet and smart phone capabilities to alert authorized personnel of impending hazards through alarms, email and text messaging.
“Our partnership has yielded incredible growth and we have realized that uniting our two companies, with their complementary product and market fit, makes excellent financial and strategic sense,” said Len Crawford, former president of CTS and TekSolv’s new vice president of sales and marketing.
“We are excited to be bringing Crawford Technical Services into the TekSolv family. Through our shared view and passion for safety and engineering, we have a unique opportunity to deliver the most comprehensive approach to life-safety not only in the oil and drilling industry but across industries,” said Kevin Hurd, senior vice President of TekSolv.
“TekSolv also announced that Matt Netsch, who has been credited with transforming TekSolv into a high-performing leader in the oil and gas industry, will become Vice President of Business Development, the release stated.
TekSolv is a provider of full service safety, rescue, health, engineering, industrial automation and environmental services. TekSolv specializes in oil and gas, manufacturing, construction and government-related industries.
The company recently earned a position on the 2013th Inc. 5000 list of the fastest-growing private companies in America, ranking 5th overall in the state of Delaware. Further information is available at www.teksolv.com.
Crawford Technical Services was started by Len Crawford III, in 2009. CTS is the developer of the HydroWatchTM enterprise level SCADA system. This method has become the standard for water withdrawal, management, and distribution systems.
