Ultra's primary business involves the provision of patented premium connections recognized for their performance in harsh conditions encountered in deepwater wells, deep onshore gas wells and horizontal and directional drilling, where high tolerance to tension, compression, temperature and pressure is required.
NS Group Acquires Oilfield Service Firm
NS Group, Inc. has purchased the business and assets of Fishing Tools Specialty (FTS), a connection, accessory and field service business headquartered in Odessa, TX. The total purchase price was $120.9 million and was funded from existing cash balances. The company has been renamed Ultra Premium Oilfield Services (Ultra), effective immediately.