Vision Oil Expands Operations with Add On of Piceance
September 25, 2012
PE-backed Vision Oil Tools, which provides oilfield rental tool and fishing services, has expanded its operations through an add-on acquisition of Piceance Fishing & Rental. The purchase of Piceance, which operates in Western Colorado, allows Vision to grow its geographical footprint beyond Wyoming and North Dakota. As part of the transaction, Piceance president Brad Hayden will take over as the COO of Vision. OFS Energy Fund acquired Vision through a $38 million buyout earlier this year.