Fast-growing energy equipment supplier moves into larger quarters
An energy equipment supplier has moved three times in three years in the Grand Valley as the company has outgrown successively larger facilities.
In its latest move to a 58,000 square foot building in a Fruita business park, Frank Henry Equipment has increased the available space for its fast-growing operation nearly five fold.
“We’ve been very fortunate,” said Nick Snoke, general manager of the firm’s Grand Valley office.
Snoke said the moves reflect growing demand from the global market his company serves, but also an increase in the number and diversity of products and services the firm provides.
Frank Henry Equipment acquired a building on a nearly 8-acre site in the Greenway Business Park for $3.62 million. The building previously was used by a manufacturer of upscale modular homes for resort markets, the first business to move into the park.
Katie Worrall, a broker associate with Bray Real Estate Commercial in Grand Junction who was involved in the transaction, said the deal offered the right kind of property at a “very good price.”
“This was a good fit for those guys,” Worrall said.
Frank Henry Equipment manufactures and distributes a range of tools and equipment for the oil and natural gas services industry, including wireline and pressure control equipment.
The Canadian company operates an office in Edmonton in Alberta and opened the Grand Valley office about four years ago.
Snoke said the Grand Valley office serves not only the Rocky Mountain states, but also growing energy markets in Louisiana, North Dakota, Pennsylvania and Texas. The firm also serves an international market with customers operating in Australia, Iraq and the United Kingdom. “We’re kind of all over the place,” he said.
The Grand Valley operation manufactures and distributes equipment as well as provides various repair and inspection services, Snoke said. The company supplies the explosive charges used to perforate well casings and release natural gas as well as equipment that controls well pressure.
Over the past three years, the Grand Valley office has moved from a building with 7,400 square feet into a building with 12,000 square feet and then into its latest quarters with 58,000 square feet, Snoke said.
The larger facility brings all of the operations under one roof as well as better serves customers with shorter lead times for products, he said.
The office employs 35 people, but Snoke expects to hire an additional eight to 10 people now that the company has moved into larger quarters.
“We’re full speed ahead right now,” he said.