Oil and Gas
ASAP Industries Manufacturing is an American Petroleum Institute (“API”) certified manufacturer of a variety of flow control products that are used in drilling, completion, and production equipment. Products include drilling and adapter spools, sand separators, and frac heads. ASAP specializes in large equipment with internal diameters up to 30” and pressure ratings up to 20,000 PSI, which is beyond the range of most competitors. The Company is further differentiated by its ability to provide delivery with minimal lead times due to its extensive on-hand raw material inventory.
Active. Pursuing growth by expanding into new manufacturing capabilities and investing in OEM/proprietary products.
ASAP’s CEO/Founder and the senior management team owned 100% of the company prior to Boyne’s investment. After building ASAP to a critical mass, the CEO and management team, the sellers, sought to realize the value they created. At the same time, ASAP needed additional access to capital to pursue growth initiatives. Boyne and ASAP partnered together for the next phase of ASAP’s story.