Holland Services completes AED Group acquisitionApril 25, 2014
Holland Services of Fort Worth has completed its acquisition and assets merger of AED Group, a move first announced in March.
The deal brings Holland a Denver company specializing in researching, acquiring and servicing acreage for U.S. energy firms. Both companies secure leases for exploration.
"Matthew has done a tremendous job building AED Group into a well-respected, professional land services company”, said Bryan Gaudin, Holland Services COO, referring to AED founder Matthew Anderson.
“The combination of Holland and AED Group has created the preeminent, technology-driven land services business with the resources to deliver superior service in each of the major and emerging basins,” Gaudin said.
“Everyone on the AED team is excited to join forces with the likes of Holland Services and H.I.G. Capital, and bringing these two companies together makes all the business sense in the world,” Anderson said.
A H.I.G. executive praised the acquisition.
“The AED acquisition adds tremendous complementary value to the Holland value proposition by establishing a high-growth presence in the Western United States and by expanding its blue-chip customer base,” said Jeff Zanarini, a managing director of H.I.G. Capital LLC, a global private equity firm. Holland Services is its portfolio company.
Privately owned Holland has offices in Fort Worth, Houston, Midland, Denver and Oklahoma City, among others. The company helps oil and gas companies acquire, sell and develop land and mineral rights. More information is available at www.hollandservices.com