On July 13, IT and communication services provider Flotek celebrated its two-year anniversary with the second annual ‘FloFest’ for the company’s 86 staff, suppliers, sponsors and their families.
Since being founded by Jay Ball, Dave Middleton and Malcolm Holland in 2022, Flotek has completed 11 acquisitions (with two more to be announced this summer); opened seven regional offices; increased turnover to £12 million; and grown its customer base to more than 2,000.
Later this year, it will be opening a new head office in Bridgend and setting up an Enterprise Management Incentive (EMI) scheme that will enable staff to have a share in 10% of the business.
Flotek is aiming to double annual revenue to £24 million within the next two years and increase headcount by 50% before next year’s FloFest.
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