St. Petersburg, FL – Quality Logging, Inc., a portfolio company of The Anderson Group, LLC, has purchased the assets of PerformWell Geo Steering LLC.
Based in Houston, TX, PerformWell specializes in remote geosteering throughout the United States and Canada. This acquisition will add an additional service to Quality Logging’s mud logging service offerings, allowing Quality Logging to better service its customer base throughout North America. Quality Logging’s CEO, Richard Martin, commented on the acquisition, stating, “We are really excited to add a more diverse suite of service offerings for our customers. This acquisition represents an opportunity to grow our business in a substantial way.”
Quality Logging is a leading provider of mud logging services to the oil and gas industry. The Company manages one of the most technologically advanced and well-maintained fleets of logging trailers in the mud logging industry. Each Quality Logging trailer employs a proprietary software and instrumentation platform, which enables the Company to deliver the most timely, accurate and reliable data in the mud logging industry.
About The Anderson Group
Founded in 1985, The Anderson Group is an operationally-oriented private equity investment firm focused on acquiring control positions in companies at the lower end of the middle market. Senior professionals at Anderson each have between twenty and thirty years of operational experience in various businesses and industries. Anderson specializes in three types of transactions: turnaround opportunities, special situation investments and recapitalizations. Though Anderson does not have a specific industry focus, it typically acquires businesses in the niche manufacturing, distribution or service industries. The Anderson Group is not an institutional fund; rather, it invests its own committed pool of capital. As such, Anderson is able to avoid investment approval processes, mandates and holding periods. Thus, Anderson can offer a faster approval/transaction process, certainty to close, flexibility in equity ownership and an ability to invest throughout the capital structure that other firms and funds often cannot. For more information about The Anderson Group, please visit www.andersongroup.com.