IBG Business (Oklahoma) served as business advisor to the buyer on the acquisition, which closed June 23. IBG co-founding partner John C. Johnson (pictured) led the IBG team.
Terms of the sale were not disclosed at the parties’ requests.
Founded in Tulsa in 1929, Skinner Brothers offers an extensive network of plants, warehouses, and offices and a broad line of products to the oilfield industry in the U.S., Canada, and South America.
Young’s acquisition of Skinner continues its platform for growth of manufactured product lines in supplying oilfield equipment dealers nationally and internationally.
“We are pleased to add Skinner and its products to Young’s lineup in expanding our rich history of serving the oilfield markets,” said Craig Sutton, CEO of Young Energy Products.
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