Hydraulic Hose Assets

By THE BAKKEN MAGAZINE STAFF | July 31, 2013

Oilfield acres aren’t the only assets worth purchasing in the Bakken, to which the investment firm Colville Capital can attest. The firm helped Motion and Flow Control Products Inc.’s acquisition of Montana-based MD Hose & Fittings LLC. The purchase marks the entrance of MFCP into the Bakken as a fluid equipment, instrumentation and hydraulic hose service provider. “We are strong believers in the long-term strategic potential of MFCP and are very pleased to expand into the Bakken,” said Mark Mealy, managing partner at Colville Capital.

MFCP consists of several companies, all created by Colville Capital, including McCoy Sales in 2006, Fluid Connector Products in 2011 and American Hose and Fittings in 2012. MD Hose & Fittings is only three years old, forming in 2010. The newly named store will add service and repair of hydraulic hoses along with factory-trained personnel to help completions-based customers.

“We are excited about the opportunities of joining MFCP,” said Randy Iverson, former owner and future branch manager of the Sidney, Mont., store, adding that “being a part of MFCP will allow us to expand our business and better penetrate the market in this key oil and gas market.”