HII Technologies, Inc. (HIIT) Signs LOI to Acquire Dallas/Ft Worth Oilfield Water Services Firm
HII Technologies, a development-stage hydrocarbon field services company (with a solid 10-year track record prior to formation on the design/manufacturing side in valves), reported a big move forward today with the signing of a non-binding LOI to acquire the assets of fellow Texas-based oilfield services firm AES. The Houston-based HIIT, already steeped in the most advanced hardware and methodologies for water handling services, could be strengthened considerably by the vast, high-volume water services expertise accrued by AES during some five decades of domestic operations. AES has some of the best 10-inch aluminum mobile piping solutions available today for this kind…