PR93397

MISSOURI CITY, Texas, Dec. 1, 2021 /PRNewswire=KYODO JBN/ --

Lufkin Industries ("Lufkin"), a portfolio company of KPS Capital Partners, LP

("KPS"), announced today that it has completed the acquisitions of US Rod and

Patriot Pump.

US Rod is a leading API-licensed manufacturer and provider of artificial lift

products, including sucker rods, rod guides, couplings, pony rods, stabilizer

and sinker bars. US Rod manufactures 100% US-made products at its

state-of-the-art manufacturing facility in Nappanee, IN. US Rod has

continuously invested in advanced automation and robotic systems to deliver the

highest-quality products to its customers.

Patriot Pump, based in Williston, ND, is a leading provider of rod lift

downhole products and services to the premier oil and gas operators in North

Dakota, Montana, Colorado, and Kansas.

US Rod and Patriot Pump further enhance Lufkin's capabilities to provide its

customers with fully-integrated rod pumping systems and a comprehensive suite

of services, including sucker rods, downhole pumps, beam pumping units, and

automation, all backed by Lufkin's reputation for world-class quality and

reliability.

Saeid Rahimian, CEO of Lufkin, said, "We are very pleased to acquire and

integrate US Rod and Patriot Pump into Lufkin. These acquisitions strengthen

Lufkin's portfolio of superior products and services and expand our

outstanding, highly-experienced teams. In partnership with KPS and its

substantial capital and resources, we look forward to continuing to grow the

Lufkin platform in service of our customers."

Mike Shores, co-founder of US Rod and Patriot Pump, added, "The entire US Rod

and Patriot Pump teams are thrilled to become a part of Lufkin, a legendary

company and brand in our industry. We believe this is a terrific step for our

customers, vendors, and employees, who will benefit from leveraging the

experience of our combined team and Lufkin's brand name and extensive US and

international distribution network."

About Lufkin Industries

Lufkin, headquartered in Missouri City, Texas, is a leading global provider of

rod lift products, technologies, services and solutions, including automated

control and optimization equipment and software for rod lift equipment to the

oil and gas industry. With over 100 years of industry leadership, Lufkin

manufactures a complete line of surface pumping units, downhole sucker rod

pumps and automation systems worldwide. Lufkin has an extensive global service

footprint that operates throughout the oil-producing world. For more

information on Lufkin, visit www.lufkin.com.

Source - Lufkin Industries

CONTACT: Pro-KPS@prosek.com