Cherington Capital, management acquire Superior Wellhead

Cherington Capital LLC, a Cambridge, Mass., private investment firm, joined with management to acquire Superior Wellhead Inc., formerly Superior Oilfield Supply Inc.

Aug. 30, 2004

By OGJ editors

HOUSTON, Aug. 30 -- Cherington Capital LLC, a Cambridge, Mass., private investment firm, joined with management to acquire Superior Wellhead Inc., formerly Superior Oilfield Supply Inc.

Details of that deal were not divulged. Headquartered in Houston, Superior manufactures, distributes, and services surface wellhead equipment.

As part of the transaction, Alan Senn was hired as chief executive and Jim Klima was hired as chief financial officer for the company. Both were previously with John Wood Group PLC and "will become significant stakeholders in the business along with the original owners, who will continue as investors and senior managers," the company said.