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Q2 ALS and Owner Doug Quinn are pleased to announce the acquisition of Lufkin’s North America Downhole (“NAM Downhole”) business including all Lufkin pump shops across Canada and the U.S., as well as key manufacturing operations in Red Deer, Alberta and Midland, Texas.

March 19, 2025. 11:00 am

Lufkin Industries Announces Sale of North America Downhole Business to Q2 Artificial Lift Services

Houston, Texas – March 19, 2025 – Lufkin Industries (“Lufkin”), a global leader in surface production equipment and automation solutions, has announced the sale of its North America Downhole (“NAM Downhole”) business to Q2 Artificial Lift Services (“Q2”), a leading provider of downhole reciprocating pumps. This transaction aligns with Lufkin’s strategic focus on its core surface business and Q2’s focus on subsurface business, positioning both companies for long-term growth and profitability. Terms of the transaction were not disclosed…

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