NOW Inc. completes power service acquisition

HOUSTON -- NOW Inc. announced today the closing of its previously announced acquisition of Power Service, Inc., Industrial Tool & Repair, Inc., d/b/a/ Power Service of Montana and Power Transportation LLC (collectively, “Power Service”).

Power Service has served the energy and industrial markets in the Western U.S. since 1954. They are known as a premier one-stop shop for modularized well hook-ups. Power Service has a full team of engineers and draftsmen that design, fabricate and deliver a complete solution of pumps, pipe, valves, fittings, electronic controls, heater treaters, oil - water separators, gas dehydrators, LACT units, meter
runs, and produced water injection packages to their customers. Tony Cercy, who has owned and led Power Service for the last 11 years, but has been with the organization for 33 years, has agreed to join Distribution NOW in his current role, which will be expanded to include existing DNOW businesses that provide these engineered, packaged solutions.

NOW Inc. is one of the largest distributors to energy and industrial markets on a worldwide basis, with a legacy of over 150 years. NOW operates primarily under the Distribution NOW and Wilson Export brands. Through its network of over 300 locations and approximately 4,800 employees worldwide, NOW offers a comprehensive line of products and solutions for the upstream, midstream and downstream
energy and industrial sectors. NOW's locations provide products and solutions to exploration and production companies, energy transportation companies, refineries, chemical companies, utilities, manufacturers and engineering and construction companies.