LineStar Integrity Services LLC (“LineStar”), a leading provider of pipeline integrity and operations services, today announced that it has completed the acquisition of PIMS of London’s North American Pipeline Integrity Business (“PIMS”). LineStar is a portfolio company of First Reserve, a leading global private equity investment firm exclusively focused on energy.
The acquisition of PIMS expands LineStar’s pipeline integrity expertise and program management capabilities. Trent Ackhurst, co-founder of PIMS, will serve as LineStar’sCommercial Director of Integrity Management and will deploy a team of experienced engineers and data analysts with the goal of increasing safety and reliability of customers’ assets. From system design through data-driven risk analysis, the PIMS team will allow LineStar to unlock value for its customers as they seek to optimize their critical infrastructure.
Paul Neundorfer, CEO of LineStar, stated, “We are excited to welcome Trent and his team to LineStar and look forward to enhancing our customer value proposition through their expertise. PIMS’s unique approach to assessing risk, analyzing data, and providing solutions will complement LineStar’s existing service suite from the control room to the field.”
Louis Krannich, VP Compliance and Technical Operations at LineStar, added, “Trent and his team have a 15-year track record of successfully partnering with some of the largest pipeline operators world-wide to analyze and mitigate complex integrity challenges. Adding the PIMS team, processes and integrity tools to LineStar’s existing integrity management service allows LineStar to immediately offer its customers a best-in-class solution.”
Trent Ackhurst, Director of PIMS, added, “We are excited to partner with the LineStar team to build the premier integrity and operations solution for U.S. pipeline owners. We look forward to working with LineStar’s customer base to manage the risk profile of their operations and drive safety, visibility and overall performance.”
Financial details of the transactions were not disclosed.
LineStar Integrity Services provides a comprehensive suite of pipeline operations solutions which includes integrity and compliance management, control room and field operations throughout the midstream value chain. With over 750 employees and a strategic footprint in areas of concentrated pipeline infrastructure such as the Gulf Coast industrial corridor, the Mid-continent as well as the Eagle Ford, Permian, and Appalachia basins, LineStar has an existing customer base of over 100 clients ranging from integrated energy companies to private, independent pipeline and terminal operators. These customers rely on LineStar for complete services and solutions that help manage risk, enhance safety and environmental best practices and compliance, and properly maintain the integrity of pipeline and midstream facility assets throughout their life cycles. For more information about LineStar, please visit www.linestar.com.
About PIMS of London
Founded in 2006, PIMS of London designs and implements programs that provide oil and gas operators with integrity management systems for pipelines, process facilities and storage assets. PIMS invests to configure the best approach for each operator. This consultative process drives customer value and sustainability from program design to risk assessment through remediation and repair. PIMS maintains customer partnerships across the globe, with a successful project track record in North America, Europe, South America, and the Middle East.