MidCoast Diesel Service, Inc. (“MCDS”) of Victoria, Texas, was founded in 1962 by Mr. Curtis Reece. The Company serves the oilfield by providing new and refurbished diesel engines, transmissions and mud pumps. The Company’s customer base includes the major oil and gas drilling contractors and workover companies.
MCDS was referred to DAG by a previous client. Mr. Reece and his wife Frances were approaching retirement age and, based on the referral, engaged DAG for the sale of the Company.
DAG conducted a thorough search for possible suitors, and finally negotiated the sale of the Company to Tri-Point Energy Services, Inc. of Houston. Tri-Point Energy, headed by Mr. Stuart Tillman, simultaneously acquired two other companies, TNC Energy Services & Trinity Valley Welding and Machine, Inc.
Mr. Reece continues with MidCoast/Tri-Point for a one year transition period, and will then have the opportunity to realize his retirement objective.