Brown Gibbons Lang & Company (BGL) is pleased to announce the sale of Premier Oilfield Equipment (Premier) to KAISER AG. BGL served as the exclusive financial advisor to Premier. The specific terms of the transaction were not disclosed.
Premier is a leading designer and manufacturer of specialized vocational vacuum trucks in North America. The company offers a strong portfolio of proprietary, industry-leading hydro excavation trucks (Hydrovacs) which allow customers to safely and efficiently excavate soil and debris around critical assets at public utility pipelines, construction work sites, industrial manufacturing locations, and upstream and midstream oil and gas sites. In addition, Premier produces and sells specialized petroleum tanks and customized fluid storage and handling systems for the oil and gas market.
KAISER AG is a family-owned company based in Liechtenstein. Founded in 1913, KAISER has evolved to become an international industrial enterprise with sites in Liechtenstein, Italy, Finland, Austria, and Slovakia. The company’s primary products are vehicles for sewer cleaning and industrial disposal, pumps and components, and mobile walking excavators. Today, KAISER vehicles are deployed on five continents, in 116 countries, and well over 1,000 cities.