HomeNewsPipeline Technique Successfully Acquires Stanley’s Oil and Gas Division

Pipeline Technique Successfully Acquires Stanley’s Oil and Gas Division

8/23/2022

Pipeline Technique (PTL), a market leader in the onshore and offshore infrastructure welding, coating, and technological engineering sector, has today completed its transformational acquisition of a trio of industry-leading energy infrastructure businesses from Stanley Black & Decker.

This marks the second acquisition of 2022 for PTL – in April, the company acquired Global Project Services.

PTL, which is backed by specialist energy private equity firm Bluewater, has acquired a group of three companies from Stanley Black & Decker: CRC-Evans, Pipeline Induction Heat (PIH), and Stanley Inspection (including MicroAlloying, part of Stanley Inspection).

The acquisition creates a global leader in welding, coating, and technical engineering. It immediately delivers a threefold increase in revenue for PTL, which is now expected to exceed $200 million. The deal also results in more than doubling of headcount, rising from around 350 people to over 1,000.

PTL will now use the increased headcount to its advantage and take on more essential welding, coating related projects and contracts across the world. Every aspect of the energy mix — including traditional gases, hydrogen, ammonia, and carbon capture — requires welding and coating to deliver safe, reliable, secure energy to meet the world’s growing energy demands.

PTL will deploy the industry-leading, cutting-edge technology it now has at its disposal following the acquisitions, which includes:

  • CRC Evans technology includes its world-renowned series of automatic and automated welding machines, like the M-500 and the P-625
  • PIH technology includes IMPP (Injection Moulded Polypropylene) for the application of thermal insultation to the welded joint area. IMPP combines a low overall heat transfer coefficient with the ability to perform at high operating temperatures.
  • Stanley Inspection, which uses the latest technology to deliver complete Non-Destructive Testing (NDT) solutions.

“As investment in gas and renewables continues to swell to drive the energy transition, this acquisition places us at the forefront of a welding industry that is integral to meeting our growing energy demands. As a result, PTL will now be looking to take on essential work in more regions than ever before,” Frederic Castrec, CEO of PTL, said.

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