SLEMCO has entered into an agreement to purchase the Knight Oil Tool campus, near the Lafayette airport, and will relocate its headquarters once the purchase is complete, the electric co-operative announced in a news release on Monday.
The purchase is expected to be final in 60 days.
SLEMCO has grown dramatically since moving into the Carencro headquarters facility in the 1970’s. A 10-year master plan for expansion and growth was set to begin when the Knight Oil Tool Facility became available for a fraction of its value.
Phase I of a 10-year master plan for SLEMCO called for the construction of an additional building at the current headquarters location, which would have cost nearly the same amount of money as the entire Knight Oil Tool facility.
The purchase will allow SLEMCO to accomplish its 10-year plan of growth and expansion to provide better service reliability at a fraction of what it would have cost. The purchase also allows for future growth and expansion. Options for the existing SLEMCO facility are being reviewed and studied. However, SLEMCO does plan to have a Service Center in the Carencro area to serve its members there.
SLEMCO agrees to purchase Knight Oil Tools facility
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