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Stock impact report

Profire Energy Announces the Acquisition of Midflow Services, LLC

Profire Energy, Inc. (PFIE) 
Last profire energy, inc. earnings: 3/11 04:20 pm Check Earnings Report
US:NASDAQ Investor Relations: profireenergy.com/company/investors.html
Company Research Source: GlobeNewswire
LINDON, Utah, Aug. 06, 2019 (GLOBE NEWSWIRE) -- Profire Energy, Inc. (NASDAQ: PFIE), a technology company (“Profire Energy” or the “Company”), which creates, installs and services burner and chemical management solutions in the oil and gas industry, today announced that the Company entered into a definitive agreement (the “Agreement”) to acquire all the outstanding membership interests of Midflow Services, LLC (“Midflow”) from its members (the “Sellers”). The Agreement contains customary representations, warranties, covenants and indemnification provisions. The transaction closed concurrently with the signing of the Agreement on August 5, 2019. As a result of the transaction, Midflow became Profire Energy’s wholly owned subsidiary. Midflow Services was a privately-held company based in Millersburg, Ohio, that designs, builds, and services burner control, production process, and safety shut-down systems for the oil and gas industry.  Specializing in upstream and midstream oil and ga Show less Read more
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