Quality Companies welcomed Traco to its family of companies. Effective April 1, 2011, Traco will join the Quality Companies taking its place alongside Quality Construction & Production, (QCP) and Quality Production Management, (QPM). The addition of Traco further diversifies the Quality Companies portfolio and strengthens its position as the premier oil and gas service provider.
Kendall Allen, Traco's Vice President of Production, sees many new opportunities by joining the Quality Companies, adding "This move with Quality Companies gives us all more diversification in the oil and gas industry making us much stronger….We are all very proud to be joining such a fantastic organization."
Quality Companies co-founder, Nathan Granger, commented that the similar management philosophies and business models of Quality and Traco should facilitate a seamless integration of services. Granger expects the Traco addition will immediately enhance the growth potential of all of the Quality Companies and anticipates the organization will eclipse the 100 Million Dollar revenue mark within 3 to 5 years. Granger said, "There's no doubt the Traco addition provides further opportunities for QCP and QPM and vice versa. Although I am not a huge fan of the term, Quality Companies will truly be a 'one stop shop' for many of our clients. We're now fully capable of servicing the complete production services needs of our clients from fabrication to installation, maintenance, and operation…"
Troy Collins, Quality Companies President and cofounder, is also enthusiastic about the Traco addition adding that, "it was nice to finally get the deal wrapped up today so that we can get to work building our new facility. There's not a doubt in my mind that this deal enhances the ability of all of our companies to meet the diversified needs of our clients. As someone with firsthand knowledge of being shortchanged in a buyout, I am completely committed to Traco and ensuring that all parties involved in this acquisition achieve maximum return."
Quality Companies will consolidate operations at Traco's existing 14 acre facility on Griffen Road in Youngsville, LA where it plans to build state of the art fabrication and paint facilities, as well as a 12,000 square foot corporate headquarters. Construction is slated to begin in late April with completion projected before January 1, 2012.
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