Hydra Service, manufacturer of Dynapower pumps, motors and turbine starters, announced the company has been purchased by a local manufacturing investment group, led by business professional Mick Webber.
The team has manufactured thousands of units in its 40 years, many remaining in service for decades. Now, the new ownership and existing management are committed to servicing and replacing old equipment, developing new products, opening channels to market and attracting different customer segments.
"When I started Hydra Service in 1981, we were a four-man shop that primarily serviced oilfield equipment," said former owner Rick Bentley. "Over time, our focus shifted in response to market conditions. However, our absolute focus on quality and people is unchanged. In fact, the three guys I started out with 42 years ago still work here, giving our customers a feeling of certainty that you just do not get anymore. I am proud of the work we have done, and I am excited for the next chapter in Hydra Service's story with new ownership and their expertise in manufacturing, innovation and growth."
Webber said, "We see incredible potential for Hydra Service to continue to grow its legacy products and tremendous opportunity as we focus on the energy and hydraulics space. Whether we install turbine starters for city power, massive pumps for mega cranes and construction or centrifuges for the chemical and medical industries, we offer industry-leading products backed by the undisputed experts who manufacture and service the units that keep the lights on and industry moving across the globe."
The Dynapower brand is more than 50 years old and has been bought, sold and traded by some of the world's largest companies. Originally a product line of New York Air Brake, the Dynapower hydraulics line was also owned by Eaton and Vickers before spinning off into various product lines. Ultimately, it ended up in Tulsa, with Hydra Service as the final OEM. "With proper maintenance, the pumps and motors have no expiry date, and it is common to see 40-year-old components return to the Tulsa location for service, with a quick turnaround for further field operation," said the spokesperson.
For more information contact:
Hydra Service
12332 E 1st St.
Tulsa, OK 74128
800-468-0070
sales@hydraservice.com
www.hydraservice.com