SPL, which is backed by Industrial Growth Partners, has acquired the business and assets of American Measurement Services. No financial terms were disclosed. AMS is a provider of critical measurement services for the oil and gas industry in Oklahoma, Kansas and Texas.
San Francisco, CA – SPL, a leading independent provider of critical outsourced hydrocarbon measurement, analysis and reporting services for oil and gas production and transport in the United States, has acquired the business and assets of American Measurement Services (“AMS”). SPL, headquartered in Houston, Texas, was acquired by Industrial Growth Partners, along with management, in September 2016.
Founded in 1997, AMS provides critical measurement services to the oil and gas industry in Oklahoma, Kansas and Texas and maintains deep and long-standing relationships with blue-chip customers serving the U.S. energy market.
“The acquisition of AMS accelerates our push into the fast-growing Oklahoma energy market and provides us with the scale, personnel and comprehensive suite of testing, measurement and reporting services to more effectively serve our combined customers in the region. We are very excited to welcome the AMS team into the SPL family and to continue to grow our combined business by providing high-quality, superior services to our customers,” said Ian Milne, President & CEO of SPL.
Acquisition Details – On September 12, 2017, SPL acquired the business and assets of AMS. SPL and IGP continue to seek add-on acquisitions that can enhance SPL’s position as a leading provider of critical outsourced hydrocarbon measurement, analysis and reporting services. To learn more about SPL, please visit http://www.spl-inc.com/.
IGP, founded in 1997, is a San Francisco-based private equity investment firm with $2.2 billion of equity capital raised since inception. The firm invests exclusively in middle-market companies in the industrial and industrial services sector in partnership with management teams.