EXTON, PA — Chester County-based company Allied Resources Group (ARG) announced this week that it has signed an agreement to acquire the midstream oil and gas business operations of STV. The acquisition is set to be completed by November 30, 2023, and will see the newly integrated entity operate as AED Energy Services under the ARG umbrella.
Dennis F. Zatlin, ARG’s CEO, expressed his enthusiasm about the addition of AED Energy Services to their portfolio. “We are thrilled to welcome AED Energy Services to our family of companies,” Zatlin said. “The addition strengthens our ability to provide comprehensive professional services to the energy market and expands our geographical reach into Texas and Colorado.”
This strategic move marks a significant milestone in ARG’s journey to enhance its presence in the energy market. With new office locations in Houston, Texas, and Denver, Colorado, ARG is now better positioned to serve clients in these regions while capitalizing on synergies among the ARG companies.
Christopher Antoni, P.E., P.Eng., the new Senior Vice President of AED Energy Services, expressed his excitement about joining the ARG family. Antoni, who has known Zatlin and ARG for nearly two decades, believes that the acquisition will complement ARG’s strong professional team.
AED Energy Services’ recently acquired team brings a 30-year legacy of delivering end-to-end solutions across renewables, liquid petroleum, natural gas, chemical midstream, and utility segments of the energy industry. The group will continue to operate as a stand-alone subsidiary under ARG, continuing its reputation for high-quality services. ARG stated that it is committed to preserving its legacy and enhancing its value to clients.
Overall, this acquisition represents a major step forward in ARG’s strategy to expand its footprint in the energy market, providing more comprehensive services to its clients while also opening up new opportunities in key regional markets.
For the latest news on everything happening in Chester County and the surrounding area, be sure to follow MyChesCo on Google News and MSN.