Global Earth Energy, Inc.'s Partner Hawk Manufacturing Acquires Trump Equipment Company of Texas
27 September 2013 - 11:15PM
Global Earth Energy, Inc.'s (OTCQB:GLER) partner HAWK MANUFACTURING
INC. (HAWK) announces the acquisition of Trump Equipment Company,
Inc. (TEC) of Texas (http://trumpequipment.com/). TEC is Hawk's
first acquisition in oil services and will form the basis of a new
oil services company that will service shale and other oil fields
from the Utica shale to the Permian, Eagle Ford shale of Texas and
the shale oil finds in Colorado, Wyoming and North Dakota. HAWK
completed this TEC transaction as an equity transaction valuing
Trump Equipment at $9.5 million.
TEC is a full service heavy truck and trailer company
specializing in sales and leasing of used trucks, trailers such as
lowboys, belly dumps, end dumps, vacuum trailers and vacuum pumps.
The Company provides a full range of quality auxiliary spare parts
and repair services for heavy trucks, trailers and forklifts of all
types.
GLER reports that TEC has three locations to service the
oilfield market in San Antonio, TX and Victoria, TX, as well as
servicing the highway, construction and housing industries from the
warehouse in New Braunfels, TX. TEC has been in business for over
20 years and has sold two thousand of trailers and completed
thousands more service jobs.
The acquisition of Trump Equipment will add 48 full-time
employees to Hawk Manufacturing, and also add more than $15 million
in annual revenues and EBITA of more than $2 million to Hawk
Manufacturing.
GLER further reports that HAWK added Mr. Michael J. Vincent to
its Senior Management team. Mr. Vincent, the current President
of Trump Equipment Company, will continue to run the daily
operations of TEC and will help advise HAWK on future strategic
acquisitions to this growing oilfield services business. Mr.
Vincent has an MBA from Rice University in Houston and a Masters of
Arts in Statistics from the University of Michigan.
HAWK reported to GLER that it is negotiating incentives at the
state and local level that could total more than $17 million in tax
incentives and other benefits
Hawk Manufacturing is a privately held corporation looking to
complete a roll-up of the plastics and metals manufacturing
industries. The objective of Hawk is to combine several metals
and plastics fabrication businesses under a single operating
company. Hawk has local and state governments' promises to support
the company through tax incentives, training grants and other means
to help Hercules and Hawk compete and create jobs in the global
marketplace.
For more information about Global Earth Energy please contact
Rich Kaiser, YES INTERNATIONAL, Business Consultant,
757-306-6090.
For more information about Hawk Manufacturing, please contact
John M. Ragsdale, CEO, Hawk Manufacturing at 515-230-8076.
This news release contains forward-looking statements which
involve known and unknown risks, delays, and uncertainties not
under the Company's control which may cause actual results,
performance or achievements of the Company to be materially
different from the results, performance or expectations implied by
these forward-looking statements.
CONTACT: Rich Kaiser, 757-306-6090