Oilfield Bearing Industries, Inc.
In October 1998, the predecessor of
Milestone (Milestone Capital, Inc.) closed an acquisition of a controlling interest of a company based in Houston, Texas. The company is a
leading worldwide distributor of specialized bearings used in oilfield service equipment.
The company maintains a larger supply of specialized oilfield bearings under one roof than any other distributor in the world. This transaction included a partial recapitalization of the company and the sale of a controlling interest in the company by the owners, who
were also top management.
Since the investment was made, the company has expanded internationally
and now has offices in Canada, Scotland and the United Arab Emirates.