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Vision Oil Tools Sold To An Aerospace Subsidiary

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By Darren Barbee, Hart Energy
April 17, 2014

Houston’s OFS Energy Fund, a private-equity firm, closed the sale of Vision Oil Tools LLC to BEA Logistics Services LLC, a wholly owned subsidiary of B/E Aerospace Inc. (NASDAQ: BEAV), for up to $180 million, the companies announced April 16.

The OFS Energy Fund is one of the few professionally managed private-equity firms that specialize in acquiring and recapitalizing lower middle-market energy service companies.

Vision operates in two segments: rental tools and fishing services. The company has conventional fishing tools and systems and can “assist in any type of fishing ...

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