IGP-backed SPL merges with AMI

SPL, a portfolio company of Industrial Growth Partners, has merged with Atchafalaya Measurement Inc, a provider of measurement services to oil and gas companies. No financial terms were disclosed. Based in Houston, SPL is a provider of hydrocarbon production measurement services.

PRESS RELEASE

San Francisco, CA – SPL, an industry leader in hydrocarbon production measurement services, has merged with Atchafalaya Measurement, Inc. (“AMI”).

For more than 35 years, AMI has provided industry-leading measurement services to oil and gas companies in the United States. With their extensive knowledge of liquid and gas measurement, electrical, instrumentation and automation services, and their highly-qualified team of experts, AMI is recognized as an industry leader in hydrocarbon measurement – and an excellent fit with SPL’s technical capabilities. SPL, headquartered in Houston, Texas, was acquired by Industrial Growth Partners, along with management, in September 2016.

“AMI has a strategic geographic presence and is the leader in meter equipment installations and recurring measurement services across the U.S., which is a perfect fit with our current offering,” said Jeff Hibbeler, CEO of SPL. “Service line cross-selling and new client exposure for both companies should drive strong growth for years to come. More importantly, we will now be able to offer an industry-first value proposition – a closed loop between equipment/automation, field measurement, and hydrocarbon chemical analysis, which will feed our proprietary data analytics engineering platform.”

Nick Trahan, President of AMI, will join SPL and continue in that role. “I am pleased that we have been able to complete this partnership,” said Nick. “SPL is a technology leader in oil and gas measurement and analytics, that, like us, places the customer at the core of everything that they do. I am excited to be a part of the team.”
Combined, SPL and AMI will be the market leader in production measurement and related services with operations across every major oil and gas play in the United States.

To learn more about SPL, please visit 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.