Vac-One Services Acquires the Hydro Excavation Services Operations of Crossfire, LLC

Houston, TX, October 04, 2017 --(PR.com)-- Vac-One Services (“Vac One”) announced today that it has acquired the hydro excavation services operations of Crossfire, LLC (“Crossfire”). Financial terms of the transaction were not disclosed. The acquisition of Crossfire’s hydro excavation services operations, which included the purchase of hydro excavation trucks and related equipment and the hiring of all associated Crossfire employees, meaningfully strengthens Vac-One’s presence in Texas and eastern New Mexico, extends Vac One’s geographic reach into western New Mexico and Colorado, and expands Vac-One’s customer base. Following the acquisition, Vac-One will continue to support Crossfire and its affiliates as their “preferred vendor,” and to market its expanded capabilities to other customers within its geographic footprint through its existing operating companies, Texas ReExcavation, LC (“T-Rex”) and Cyclone Services, LLC (“Cyclone”). Zephaniah Lee, who currently serves as the Manager of Crossfire’s hydro excavation services operations, will join Cyclone as its General Manager of Operations and will oversee the acquired operations.

Marty Stamey, CEO of Vac One, commented, “The acquisition of Crossfire’s hydro excavation services operations strengthens Vac-One’s capabilities in several key markets, including the Permian Basin, and provides us with a footprint in attractive new geographies, such as western New Mexico and Colorado. We look forward to providing the highest levels of service, quality, and safety to Crossfire and its affiliates as a preferred vendor, and to leveraging the footprint of Crossfire’s hydro excavation services operations to drive continued organic growth.”

Ezra Lee, President, Crossfire, LLC “This transaction ultimately enables Crossfire to continue the focus on our core business while maintaining a competitive advantage. Our alliance with Vac-One means Crossfire’s ongoing access to hydro excavation resources to meet both our internal needs as well as the needs of our clients on a daily basis.”

Vac-One, based in Houston, Texas and operating through its wholly-owned subsidiaries Texas ReExcavation, LC and Cyclone Services, LLC, is a leading provider of hydro excavation services to the utility, commercial construction, oil and gas, petrochemical, refining, and highway construction industries throughout Texas, Louisiana, Oklahoma, New Mexico, and Colorado. For more information on Vac-One and its subsidiary companies, please visit www.vac-one.com.

Crossfire, LLC, based in Durango, Colorado, is a leading provider of oil and gas field construction services, pipeline construction, hauling services, reclamation services, well servicing, commercial construction and excavation, and utility construction services throughout the Western United States. For more information on Crossfire, please visit www.crossfire-llc.com.