11/18/2023
FOR IMMEDIATE RELEASE
Gianfala and Son, Inc. Announces Closure After 84 Years of Service.
Gianfala and Son, Inc., a leading oil field service and construction company with a rich 84-year history, has announced its decision to cease operations. This difficult decision comes after careful consideration of the company's current financial situation and the long-term outlook for the oil and gas industry.
Gianfala and Son, Inc. was founded in 1939 by Victor J. Gianfala Sr. and Sebastian L. “Subby” Gianfala with a vision of providing exceptional oil field construction services to customers across the region. Over the years, the company has built a reputation for its commitment to quality, safety, and innovation, earning the trust and respect of its customers and peers.
The company's decision to close is due to a combination of factors, including declining oil prices, increased competition, and the transition to cleaner energy sources. These challenges have made it increasingly difficult for the company to maintain profitability and sustain its operations.
The closure of Gianfala and Son, Inc. is a significant loss for the oil and gas industry and the communities it has served. The company has been a major employer in the region, providing jobs for hundreds of workers throughout the years and supporting local businesses.
"We are deeply saddened to announce the closure of Gianfala and Son, Inc.," said Quinn S. Gianfala, President. "We are incredibly grateful for the dedication and hard work of our employees, past and present, and for the loyal support of our customers. We are committed to working closely with our employees and stakeholders to ensure a smooth transition."
Gianfala and Son, Inc is proud of its legacy of service to the oil and gas industry and the communities it has served. The company is committed to leaving a positive lasting impact on the region.
