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Environmental Crossings Shares Sold
Environmental Crossings Inc. (ECI) announced June 3, that long time shareholder Bruce Brasher has purchased all of the outstanding shares and has assumed the position of president. Greg Charney of Lone Star Investments Corp., The Woodlands, TX, was advisor on this transaction and sourced the needed financing.
ECI has been in the mid- to large-diameter horizontal directional drilling (HDD) industry for more than 18 years. To date, ECI has installed over 326,000 linear feet of all types of product lines up to 42 inches in diameter with many over the length of 5,000 feet. Work has been conducted all over the United States, Asia & Canada in all soil conditions including some of the hardest rock formations. Used in several applications in different industries, ECI has rigs up to 1.2 million in pullback and has extensive sub-sea ocean landing experience.
"We are certainly not the biggest HDD contractor in the industry but there is no better talent, and our job completion and safety record is tops in the industry," says Brasher.
All field operations will continue to be headed up by Steve Meaders, vice president of operations. ECI plans to close the company’s Michigan offices and consolidate all operations to the Conroe, TX, offices located at 1306, N. FM 3083, Conroe, TX 77303-1827, phone: (936) 441-9080, www.ecihdd.com.