PLH Group Inc., which is backed by U.S. private equity firm Energy Capital Partners, has acquired Pipeworx Ltd. and its subsidiaries. Financial terms of the transaction were not announced. The Acheson, Alberta-based Pipeworx, founded in 2004, delivers infrastructure services to the oil and gas industry across the Western Canadian Sedimentary Basin.
PLH Group, Inc. (“PLH”), a portfolio company of private equity firm Energy Capital Partners, today announced its acquisition of Pipeworx Ltd. (“Pipeworx”), a leading pipeline contractor in Western Canada.
Effective April 16, 2013, PLH has acquired Pipeworx and its subsidiaries. With four offices and headquarters in the Edmonton, Alberta area, Pipeworx delivers infrastructure services to the oil and gas industry across the Western Canadian Sedimentary Basin. Since its founding in 2004, Pipeworx has been committed to the successful completion of its projects – safely performing quality workmanship on time and within budget. Specializing in the construction of pipelines ranging in size from 2″ to 20″ in diameter, Pipeworx has evolved into one of the most innovative and respected pipeline contractors in Western Canada. Pipeworx also provides infrastructure services for gathering systems, well sites and facilities, tank farm installations, compressor installations, module fabrication and integrity repair programs.
“Canada, and Western Canada in particular, presents significant emerging and long-term opportunities for PLH and the pipeline infrastructure services market as a whole,” said Mark Crowson , President and CEO of PLH. “This strategic addition to PLH significantly expands our geographic footprint in North America, and we are pleased to welcome Pipeworx to the PLH platform.” Pipeworx will be an operating unit of PLH, and its current senior management and employees will remain in place.
About PLH Group, Inc. PLH is a leading provider of construction and maintenance services to the electric power delivery and pipeline industries in North America. Its customers include many of the largest utilities, regional cooperatives, renewable energy developers, commercial and industrial customers, and major oil and gas producers and midstream companies. PLH, a company started by Energy Capital Partners, has acquired Sun Electric, TESSCO, AIR 2, Auger Services, Snelson Companies, IPS Engineering, Southeast Directional Drilling, M&M Pipeline Services, Energy Services South and Pipeworx. PLH is actively seeking to expand further its service offerings and geographic footprint. For more information, visit www.PLHGroupInc.com.
About Energy Capital Partners Energy Capital Partners is a private equity firm with over $8 billion in capital commitments. The firm is focused on investing in the power generation, electric transmission and pipeline construction services, midstream oil and gas, renewable energy, oil field services and environmental services sectors of North America’s energy infrastructure. Its management has substantial experience leading successful energy companies and energy infrastructure investments. For more information, visit www.ecpartners.com.
SOURCE PLH Group, Inc.
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