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Machinery On Balance Sheet This Is Why Machinery On Balance Sheet Is So Famous!

ODESSA, Texas–(BUSINESS WIRE)–Dec 14, 2020–

machinery on balance sheet
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Permian Tank & Accomplishment (“Permian Tank” or the “Company”), today appear it has been acquired by New Permian Holdco, LLC, consistent in a acknowledged avenue of Chapter 11 defalcation affairs for the Company’s operations. The auction was accurate by Permian Tank’s accepted lender, who provided incremental costs to strengthen the Company during the alteration and has committed to accommodate added advance capital.

The buyer, New Permian Holdco, LLC (“New Permian”) will abide to accommodate its industry arch tanks and argosy throughout the Permian, Eagle Ford, Bakken and added above U.S. plays. Additionally, New Permian has fabricated a cardinal advance in the Company’s modular assemblage and skidded systems assembly capabilities. The Company believes its adeptness to action a one-stop, turn-key band-aid provides an actual advance agitator as the oil acreage casework area continues a ample advance against allowance advance advancing out of 2020.

Michael Haynes, Company President, said, “Permian Tank continues to focus on engineering and accomplishment best-in-class articles for its customers. Our anew engineered, high-specification chip band-aid offerings accommodate our barter with a simplified accumulation alternation through a distinct point of acquaintance that delivers a lower amount and college ability end-product. We abide committed to our advisers and barter and accept emerged from this action stronger than anytime as we abide to position Permian Tank for abiding success.”

About Permian Tank

Permian Tank is the better United States’ architect of above-ground accumulator tanks and processing accessories for the oil and accustomed gas analysis and assembly industry. Permian Tank has added than 40 years of operating experience, with accomplishment plants amid throughout Texas and South Dakota, confined shale plays throughout the United States.

Permian articles a array of wellsite accompanying processing equipment, including accumulator tanks, assembly vessels, and drift army modular arrangement packages.

View antecedent adaptation on businesswire.com:https://www.businesswire.com/news/home/20201214005832/en/

CONTACT: Media:

Permian Tank

(432) 580-1050

KEYWORD: UNITED STATES NORTH AMERICA TEXAS

INDUSTRY KEYWORD: PACKAGING ENERGY MANUFACTURING OIL/GAS

SOURCE: Permian Tank & Manufacturing

Copyright Business Wire 2020.

PUB: 12/14/2020 06:00 PM/DISC: 12/14/2020 06:00 PM

http://www.businesswire.com/news/home/20201214005832/en

Machinery On Balance Sheet This Is Why Machinery On Balance Sheet Is So Famous! – machinery on balance sheet
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