Open Artificial Lift Company, Inc., November, 2022

Dean & Dean Capital Group Corp. Acquires Open Artificial Lift Company, Inc.

New York based Private Equity Company acquires Open ALC

New York, New York, December 5, 2022. Dean & Dean Capital Group Corp., Private Equity & Investment Company, has acquired Open Artificial Lift Company, Inc., Artificial Lift Equipment and Solutions Manufacturer Company. The move to acquire Open Artificial Lift Company, Inc. first started in mid-October 2022. The process took approximately one month, and the deal was signed November 18, 2022.

“This acquisition will allow us to better manage Open ALC and grow its global presence, which at the same time increase our Technology Portfolio,” said Jennifer Hathaway, Senior Vice President – Mergers & Acquisitions.

The acquisition of Open Artificial Lift Company, Inc. fits into Dean & Dean Capital Group Corp. strategy of growth and expansion. By purchasing Open Artificial Lift Company, Inc., This acquisition will bring D&D into the Artificial Lift Sector. Open Artificial Lift Company, Inc. clients will not experience any negative impact to the services and products in which they receive.

“The impact of this acquisition will allow Agile Vehicle Technologies, Inc. to have no limits in solving major issues within the Transportation Sector,” said Justin Dean, CEO.

About Open Artificial Lift Company, Inc.

Open ALC Provides Products and Services for Electrical Submersible Pumping and Horizontal Pumping Systems, and Remote Monitoring & Analytics.  The mission of Open ALC is developing new technologies and delivering innovative solutions for today’s Artificial Lift related challenges within Energy and Fluid Transfer. ​Customizing opportunities for the world’s safety related challenges through innovation, technology, and industry leadership.​Taking clients to new heights with Innovative engineering and manufacturing Artificial Lift Systems. ​To SAFELY produce QUALITY data that is accurate, timely and of the highest INTEGRITY. ​To provide PRODUCTS & SOLUTIONS that consistently exceeds our clients’ expectations. ​To continuously improve our PERFORMANCE by developing and implementing the latest TECHNOLOGY & INDUSTRY 4.0 METHODS. ​To achieve steady GROWTH benefiting our clients, employees and our company the healthiest and safest manner possible.

Media Contact:

Michelle Taylor

Chief Legal Officer

michelle.taylor@ddcapital-grp.com

332.240.3322

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