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$AZRH πŸš€πŸš€ Major Week Ahead
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American Industries trading under the ticker symbol $AZRH

MAJOR DAY MONDAY WITH AMERICAN INDUSTRIES & FWT MERGER which will add $10.0M in 2024 revenue to combined company.

American Industries, trading under the ticker symbol $AZRH On October 18, 2024 - American Industries acquired 100% of CST Drilling Fluids, a 40 year Oil Field Services company that focuses on Pit & Poly, and a variety of other downhole services. For the 12 months ending 12/31/23, the company recognized $16.5M in revenue, and $2.8M in EBITDA.

On November 11, 2024 - American Industries acquired 100% of a $16.0M coil tubing toolset inventory free and clear with the exclusive distribution rights of the broader set of technologies and a corporate office headquartered in Houston, TX under a joint venture agreement with CTT.

The company is currently under LOI to acquire multiple oil field services and construction companies with operations in Texas and Pennsylvania, and is pursuing expansion into Home Heating Oil and commercial and residential Propane distribution. The company is accepting investment through a variety of private placement options as well as through a direct stock purchase program through the company’s stock ticker $AZRH. The company has first right of refusal and the option to buy Oil Field Services AI.

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2 months ago