Azure Holding Group Corp. (OTC PINK:AZRH) and CST Drilling Fluids have formally accomplished a strategic merger, integrating CST’s full enterprise operations into AZRH. The merger, finalized on October 18, 2024, merged 100% of CST’s enterprise in an all inventory change. CST Drilling Fluids, a fourth-generation oilfield providers firm, brings intensive experience and a variety of high-quality options to the partnership. The businesses plan to pursue additional joint ventures and acquisitions within the coming months.
Azure Holding Group Corp. (OTC: AZRH), a Nevada company, and CST Drilling Fluids (CST), is a “Louisiana Corporation” company, are happy to announce the execution of the ultimate Merger Settlement, successfully merging 100% of CST’s working enterprise into $AZRH.
The Merger is now closing, with the Merger Settlement being executed between each events on Friday, October 18,2024.
CST Drilling Fluids is a 4th Era Oil Area Providers and Building firm headquartered within the coronary heart of the Permian Basin, Texas. The Firm acknowledged $16,487,714 in income and $2,780,000 in internet earnings for the yr ending December 31, 2023. Its 2023 fiscal yr monetary statements, that are unaudited however have been compiled by a 3rd occasion accountant are being launched concurrently with this press launch on the X web page of Belisarian Holdings, LLC. The corporate meant to interact Grassi as its impartial auditor within the coming weeks, along with a number of different joint ventures and acquisitions to be introduced.
CST Drilling Fluids gives a big selection of oilfield options and providers for its valued prospects. Using standardized processes, its goal is to ship high-quality services and products in a well timed and environment friendly method. Via its skilled and skilled crews and intensive gear stock, it permits firms, from small independents to majors, to get their tasks.
Marcus Laun suggested Managed Investments, a capital funding agency led by Josh Cohen that has raised $310 million in dedicated capital this yr and has acted as an advisor or co-advisor to over $1.3 billion in consummated transactions over the previous decade, by means of its transaction with CST, which resulted in Managed Investments taking a 40 p.c stake in CST as of August 19, 2024.”
Conclusion:
Lastly it’s concluded that the merger between Azure Holding Group and CST Drilling Fluids marks a major step ahead in increasing each firms’ affect inside the oilfield providers trade. With CST’s experience and Azure’s sources, the mixed entity is well-positioned for future development and strategic ventures. This partnership units the stage for additional collaborations and acquisitions within the power sector.
For Extra Particulars, Please see media particulars
Firm Title: $AZRH / Oil discipline providers ai
Contact Individual: Josh Cohen
Web site hyperlink: www.oilfieldservices.ai
Metropolis: New York
State: NY
Firm Title: CST Drilling Fluids
Contact Individual: William France
Contact E-mail: will.france@cstfluids.com
Web site hyperlink: Www.cst1989.com
Metropolis: Midland
State: Texas
