Lufkin Industries ("Lufkin"), a portfolio company of KPS Capital Partners, LP 
("KPS"), announced today that it has completed the acquisitions of US Rod and 
Patriot Pump.

US Rod is a leading API-licensed manufacturer and provider of artificial lift 
products, including sucker rods, rod guides, couplings, pony rods, stabilizer 
and sinker bars. US Rod manufactures 100% US-made products at its 
state-of-the-art manufacturing facility in Nappanee, IN. US Rod has 
continuously invested in advanced automation and robotic systems to deliver the 
highest-quality products to its customers.

Patriot Pump, based in Williston, ND, is a leading provider of rod lift 
downhole products and services to the premier oil and gas operators in North 
Dakota, Montana, Colorado, and Kansas.

US Rod and Patriot Pump further enhance Lufkin's capabilities to provide its 
customers with fully-integrated rod pumping systems and a comprehensive suite 
of services, including sucker rods, downhole pumps, beam pumping units, and 
automation, all backed by Lufkin's reputation for world-class quality and 
reliability.

Saeid Rahimian, CEO of Lufkin, said, "We are very pleased to acquire and 
integrate US Rod and Patriot Pump into Lufkin. These acquisitions strengthen 
Lufkin's portfolio of superior products and services and expand our 
outstanding, highly-experienced teams. In partnership with KPS and its 
substantial capital and resources, we look forward to continuing to grow the 
Lufkin platform in service of our customers."

Mike Shores, co-founder of US Rod and Patriot Pump, added, "The entire US Rod 
and Patriot Pump teams are thrilled to become a part of Lufkin, a legendary 
company and brand in our industry. We believe this is a terrific step for our 
customers, vendors, and employees, who will benefit from leveraging the 
experience of our combined team and Lufkin's brand name and extensive US and 
international distribution network."

About Lufkin Industries

Lufkin, headquartered in Missouri City, Texas, is a leading global provider of 
rod lift products, technologies, services and solutions, including automated 
control and optimization equipment and software for rod lift equipment to the 
oil and gas industry. With over 100 years of industry leadership, Lufkin 
manufactures a complete line of surface pumping units, downhole sucker rod 
pumps and automation systems worldwide. Lufkin has an extensive global service 
footprint that operates throughout the oil-producing world. For more 
information on Lufkin, visit www.lufkin.com.

Source - Lufkin Industries

CONTACT: Pro-KPS@prosek.com