Kaiser Premier LLC acquires Premier Oilfield Equipment
Company enters wastewater industry with merger,
FORT MORGAN, CO, JUNE 29, 2017 -- Kaiser Premier, LLC, a wholly owned subsidiary of Kaiser AG of Liechtenstein, recently acquired Premier Oilfield Equipment (POE) through an asset purchase agreement. The move represents a significant opportunity for the Fort Morgan, Colo.-based manufacturer of hydro-excavation vehicles and API 21F certified above-ground storage tanks to become a leader in currently served markets, while expanding through product diversification into wastewater markets.
"Premier developed a well-deserved reputation for providing end users with the value they deserve and the sales and service support they demand," says Warren Lindgren, V.P. of Sales and Marketing. "We're excited to be able to take our company to its next logical market -- wastewater -- with this acquisition, and through further innovation."
Kaiser Premier will continue to build the impressive line of patented hydro-excavators whose rugged reliability and high productivity have earned high marks and loyalty from distributors and end users alike. The inflow of Kaiser AG resources will allow additional models to incorporate its groundbreaking water recycling technology, bringing previously unheard-of productivity to North American sewer cleaning customers.
Because this technology reuses the vacuumed liquids, it allows for the conservation of fresh water, requiring only a fraction of what traditional sewer cleaning vehicles demand. This makes them enviro-friendly and significantly more productive, since operators don't need to break off the job and drive to a refill site as often. Plans are to incorporate this compelling recycling technology into new Kaiser Premier products, expanding the company's market reach.
"It's an honor to be part of the Kaiser organization," says Dan Weber, President and CEO. "Our entire team in Fort Morgan is fired up about this new opportunity. Kaiser Premier can now fully serve our current markets and enter new ones with cutting-edge technology, while saving and creating U.S. manufacturing jobs."
The Fort Morgan facility and its well-established supply base are capable of rapidly ramping up to support significant expansion. This is now possible, with implementation of the experience and technology Kaiser has gained and learned over the past century.
"They bring a highly competent engineering staff and a disciplined approach to product development that we can leverage to our customers' benefit," says Weber. "We'll be able to work with users to both modify current offerings and create new ones to meet their specific application requirements. The possibilities are amazing."
The company is committed to a smooth transition for its installed base. "Dedication to our customers will continue without interruption, through the support of Kaiser AG," says Lindgren. "Existing customers can also expect to enjoy continued high quality products, competitively priced, and backed by great service support."
Kaiser AG CEO Markus Kaiser explains that these were important considerations in the decision to acquire Premier: "We chose a company whose team understands what's important to their market. There's a lot of experience there, and we value the chance to work together to develop the whole U.S. market, rather than just on a regional basis. We have a proven technology solution, and look forward to leveraging the existing team's knowledge and experience of their customer's needs, to bring it to market."
"We service a niche market in which our company can do effective research and development that supports innovation. We have the advantage of being Number One the world over, and can bring that to bear on developing new technology, while keeping and creating jobs."
Kaiser Premier is a leading designer and manufacturer of specialized industrial vacuum trucks in North America. The company offers a strong portfolio of proprietary, industry-leading hydro and air excavation trucks (hydrovacs), as well as API 12F certified above-ground storage tanks. Learn more at http://www.kaiserpremier.com.