August 14, 2013
B/E Aerospace agrees to acquire Blue Dot Energy services
B/E Aerospace (BEAV), has initiated an expansion of its Consumables Management (CM) Segment into the oil and gas services industry via the acquisition of Blue Dot Energy Services, a provider of parts distribution, rental equipment, and on-site services. The acquisition purchase price including expenses is approximately $75m. The transaction is expected to close by the end of August 2013 and is expected to be accretive to 2014 earnings per share.