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Boots & Coots history
Boots & Coots company history timeline
The company's name comes from Asger "Boots" Hansen and Edward Owen "Coots" Mathews, who founded it in 1978.
A month later Ramming took the company public by engineering a reverse merger with a shell company, Havenwood Ventures, Inc., an investment fund that made an initial public offering of stock in 1988.
There was enough work for all three companies and then some in 1991 after Iraq was expelled from Kuwait during the Persian Gulf War.
In January 1994 the 78-year-old Adair sold his business to Global Industries Ltd., an oil-service company.
As for the second goal, IWC also began talking in 1995 to Boots & Coots about a possible merger.
Next, in January 1998 the company bought ITS Supply Corporation, an equipment, transportation, and logistics company with offices in Houston, South America, the United Kingdom, and the Middle East.
―――――, "Boots & Coots Lands in Hot Water," Houston Business Journal, August 30, 1999.
In 1999, sales dipped, the stock price tumbled, and Boots & Coots defaulted on its long-term debt.
In June 2002 Ramming resigned, the company was on the verge of being delisted by the American Stock Exchange, and there was talk in the press about the company possibly filing for Chapter 11 bankruptcy protection.
"Boots & Coots International Well Control, Inc. ." International Directory of Company Histories. . Retrieved June 21, 2022 from Encyclopedia.com: https://www.encyclopedia.com/books/politics-and-business-magazines/boots-coots-international-well-control-inc
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Zippia gives an in-depth look into the details of Boots & Coots, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Boots & Coots. The employee data is based on information from people who have self-reported their past or current employments at Boots & Coots. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Boots & Coots. The data presented on this page does not represent the view of Boots & Coots and its employees or that of Zippia.
Boots & Coots may also be known as or be related to Boots & Coots and Boots & Coots LLC.