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09-Oct-2017 21:13

By the mid-1980s Grant Supply operated six sales offices, located in Tulsa, Oklahoma; Bakersfield, California; Baton Rouge, Louisiana; and in Houston, Odessa, and Pampa, Texas.It contributed approximately 60 percent of the revenues generated by Grant Corporations.

Although for two decades Grant Supply had been able to succeed in the highly cyclical oil industry, in the early 1980s the company expanded too rapidly in response to strong demand for its products and took on an excessive amount of debt.In addition, Grant Prideco sells drill bits and related items through its Reed Hycalog subsidiary.The Founding of the Company in 1960 The roots of Grant Prideco reach back to 1960 when engineer Charles Grant founded Grant Supply Company in Tulsa, Oklahoma.Key Dates: 1960: Engineer Charles Grant forms the Grant Supply Company. 1990: The company becomes a wholly owned EVI subsidiary.1975: Holding company Grant Corporations is formed. 1995: A merger with Prideco results in Grant Prideco, Inc. 1998: EVI merges with Weatherford Enterra, resulting in Weatherford International.

Although for two decades Grant Supply had been able to succeed in the highly cyclical oil industry, in the early 1980s the company expanded too rapidly in response to strong demand for its products and took on an excessive amount of debt.

In addition, Grant Prideco sells drill bits and related items through its Reed Hycalog subsidiary.

The Founding of the Company in 1960 The roots of Grant Prideco reach back to 1960 when engineer Charles Grant founded Grant Supply Company in Tulsa, Oklahoma.

Key Dates: 1960: Engineer Charles Grant forms the Grant Supply Company. 1990: The company becomes a wholly owned EVI subsidiary.

1975: Holding company Grant Corporations is formed. 1995: A merger with Prideco results in Grant Prideco, Inc. 1998: EVI merges with Weatherford Enterra, resulting in Weatherford International.

By 1990 EVI brought the remaining stock to make Grant TFW a wholly owned subsidiary, which now launched an effort to strengthen its position in the energy industry.