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On June 30, 2009, the Acquisition of Rebel Testing, Inc. (RTI) was closed. RTI will be a wholly-owned subsidiary of Insight Management. Rebel Testing, which has been in business for over eighteen years, employs twenty personnel, and is a leading Rocky Mountain regional oil and gas service provider. The company maintains a fleet of pump hoist trucks to service natural gas well pumps, and services and pressure tests blow out preventers. Customers include, among others, two Fortune 500 oil and gas corporations.
Jennifer Rapacki, President/CEO of Insight Management, commented, “We have looked at numerous companies to potentially increase shareholder value and we feel the acquisition of Rebel Testing Inc. provides the best prospect of fulfilling this goal. Rebel Testing is a company with a long history of profitability and an equally long list of satisfied customers. This acquisition represents the kind of synergy we are looking for in this market.”
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