Castle Harlan Press Release: Launch of Titan Production Equipment

July 21, 2018 James Heinsman Company Spotlight

Exterran sells production equipment business, creating new local company

Titan Production Equipment has launched in The Woodlands, the company announced in a July 11 press release.

The company was created through the sale of Houston-based Exterran Corp.’s (NYSE: EXTN) North American production equipment manufacturing assets to an affiliate of New York-based private equity firm Castle Harlan Inc. The deal was announced in April but financial terms were not disclosed.

In an April press release, Exterran said the sale would help the company accelerate growth “by focusing as a systems and process company for oil, gas, water and power.” Exterran will continue manufacturing production equipment outside of North America and will offer production equipment in North America through Titan, Exterran’s preferred supplier for the region, per the April release.

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Castle Harlan, Exterran, Titan Production Equipment,

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