Best Equipment Service & Sales Company was incorporated in 1978 and began business January 2, 1979. The first "shop" was rented in Lindale, Texas. The company had a total of five persons on the payroll and began as an Authorized Distributor of Ingersoll-Rand Pumps. The company shortly began adding various other lines of pumps, added Drafting and Engineering personnel and began expanding into small pump systems. \r\n\r\nIn 1981, the company built a 20,000 sq.ft building and relocated 10 miles south in Tyler, Texas. The company has added regularly to this location to support the growth and today this facility is approximately 100,000 sq.ft\r\n\r\nIn 1986, the pump packages (systems) part of the business had grown and a new company, Flowtronex International Inc. was created for the purpose of marketing modular pumping systems. The oil market declined in 1986 and the company was faced with the need for opening up new markets. The knowledge of complex controls used in the oil and gas markets provided the vehicle for Flowtronex International to enter the turf irrigation market. Flowtronex International was the first company to use a variable frequency drive (inverter) to control the pumps on a golf course irrigation station. This technology permitted the power consumed by a pump station to be a smooth curve, rather than a step function. This resulted in substantial energy savings to the golf course. The first golf course to accept this new technology was the municipal golf course in Plano, TX. That pump station is still in operation today. The golf course systems went by the trade name of VSPS (Variable Speed Pumping System). Today Flowtronex International has expanded into Remanufactured Pumps (Pump Works) and Chemical Feed Injection Systems (CFS) as well as it's core business of engineer to order pump systems (Esys).\r\n\r\nIn 1993, VSPS and Pumping Systems Inc. (PSI) of Dallas, TX were fierce competitors and neither was making money. Best Equipment (the parent of Flowtronex International at that time), purchased PSI and created a new company Flowtronex PSI which was the combination of the VSPS unit of Flowtronex International and the existing operation of PSI. The superior controls from VSPS and the superior mechanical from PSI were combined in the new company. Today, Flowtronex PSI is the market leader in the turf irrigation market.\r\n\r\nIn 1996, substantially all of the entire group of companies was acquired by The Rosewood Corporation, which is owned by the Caroline Hunt Trust Estate. In a reorganization, Rosewood Equipment Company (REC) was created which holds the ownership of all the operating business and provides corporate services (management oversight, accounting, marketing, information systems, human resources and training) to the operating business. REC is located in Plano, TX.\r\n\r\n\r\nOther acquisition activity:\r\nIn Feb. 1997, Flowtronex PSI acquired Commercial Pump of Swanton. Ohio. \r\nIn May 1997, Best Equipment Service & Sales acquired Francis Service & Sales of Clute, Texas.\r\nIn May 1998, Rosewood Equipment Company acquired Action Pumping Services of Waterlooville, England which is now operating under the name of Flowtronex Europe.\r\nIn Oct. 1998, Flowtronex PSI Inc. acquired Richard Embry Company of Statesville, NC.\r\n\r\nAnd the final result is:\r\nIn total, this group of companies employees over 400 people and has revenues in excess of $90,000,000.\r\n\r\n\r\n