Sixty Six Oilfield Services, Inc. (OTCPK:SSOF) signed a letter of intent to acquire Fluid End Sales, Inc. on April 10, 2018. The terms of the stock and cash were not disclosed. The principal stock holders of Five Star will receive a controlling block of Sixty Six Oilfield Services’s preferred stock. Sixty Six Oilfield Services plans to raise up to $20 Million in debt and expansion capital to acquire Fluid End Sales. In accordance with the letter of intent with Fluid End Sales and the pending acquisition by Sixty Six Oilfield Services, Kenneth D. Bland has stepped down as the Chairman of Sixty Six Oilfield Services. A new chairman will be nominated by the Board in due course pending completion of the planned acquisition and elected by the majority shareholders. Kenneth D. Bland has also transferred all 3 million preferred shares in Sixty Six Oilfield Services to Chief Executive Officer Dave Ho for the purpose of completing the acquisition of Fluid End Sales. Fluid End Fluid End Sales’s overall revenue for 2017 was $6.7 million with net profits of $2.07 million. The transaction is expected to close in the coming weeks.