Aly Energy Services, Inc. (OTCPK:ALYE) agreed to acquire United Centrifuge USA, LLC and Other Assets from United Oilfield Inc., Canadian Nitrogen Services Ltd, Jorge Rivera, Tim Pirie, Ed Lantz and Myles Bowman for $25.7 million on April 11, 2014. The purchase price includes $15 in cash, $5 million contingent payment based upon the revenues of United for each of the 12 month periods ending on March 31, 2015, 2016 and 2017 and $5 million in preferred stock. Wells Fargo Bank, National Association provided $25 million term loan with a maturity date of April 30, 2017 and a $5 million revolving credit facility in the transaction. The Board of Directors of Aly Energy Services, Inc. has approved a name change of the acquired entity from United Centrifuge USA, LLC to Aly Centrifuge Inc. The deal can be terminated in case it is not closed by May 31, 2014. David H. Smith of Davis, Gerald & Cremer acted as legal advisor to Canadian Nitrogen Services Ltd and Bruce H. Hallett of Hallett & Perrin PC acted as legal advisor to Aly Energy Services, Inc. EFIC Partners acted as financial advisor to United Centrifuge USA, LLC.

Aly Energy Services, Inc. (OTCPK:ALYE) completed the acquisition of United Centrifuge USA, LLC and Other Assets from United Oilfield Inc., Canadian Nitrogen Services Ltd, Jorge Rivera, Tim Pirie, Ed Lantz and Myles Bowman on April 15, 2014.