W-H Energy Sells Well Safe Unit

W-H Energy Services, Inc. has sold Well Safe, Inc. to H.I.G. Capital, a private equity firm, for cash consideration of approximately $28 million. The sale of Well Safe is part of W-H's strategy to divest its maintenance and safety businesses. Acquired by W-H Energy in 1990, Well Safe provides electronic detection and monitoring equipment, breathing units and related safety services primarily to the petrochemical industry in the Gulf Coast Region of the United States.

W-H Energy is a diversified oilfield service company that provides products and services used primarily for the drilling, completion and production of oil and natural gas wells. Onshore operations are currently focused in the United States, Canada, Brazil, Europe, North Africa and the Middle East; offshore operations are located in the Gulf of Mexico, North Sea, Persian Gulf, Gulf of Suez and the Mediterranean Sea and off the coast of Brazil.