B/E Aerospace Agrees to Acquire Blue Dot Energy Services - Modern Distribution Management

B/E Aerospace Agrees to Acquire Blue Dot Energy Services

The purchase expands B/Es consumables management segment into oil and gas.

B/E Aerospace (Nasdaq: BEAV), Wellington, FL, a distributor of aerospace fasteners and consumables, has agreed to acquire Blue Dot Energy Services LLC, a provider of parts distribution, rental equipment and on-site services, for about $75 million. The purchase initiates an expansion of its consumables management segment into the oil and gas services industry.

“B/E Aerospace plans to provide high quality products and services (new and remanufactured after use, and API-certified) to remote drilling sites, using its manufacturing, certification, IT and logistics capabilities,” said Amin J. Khoury, B/E CEO.

The transaction is expected to close by the end of August.

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