GATE Energy Acquires PDI Solutions
Houston-based GATE Energy announces the acquisition of PDI Solutions, LLC headquartered in Schriever, LA. PDI Solutions is a leading provider of a wide array of services in the operations, maintenance (O&M), and inspections arena with focus in both the upstream and midstream markets. PDI Solutions will serve as a platform for GATE Energy in these markets to better serve their existing clients and partners, gain new clients, diversify into other sectors, and increase their exposure and integration through the energy value chain.
Formed in 2011, PDI started out serving the maintenance side of the oil and gas industry. Today, PDI is a recognized leader in the supply of instrumentation and electrical, production, glycol and process, cathodic protection and integrity management, inspection and QA/QC service personnel worldwide. PDI comes with an impeccable safety record, high client satisfaction and strong loyalty with clients and staff.
PDI will operate within the GATE Energy portfolio and collaborate with other GATE Energy companies to provide streamlined service to their clients. GATE Energy will retain all management staff following the acquisition. Founder Lee Iver will continue as President of PDI Solutions.
Grant Gibson, GATE Energy’s Founder and CEO, said, “PDI is a perfect fit for GATE that nicely aligns with our focus on growth in the down-market in operations and maintenance and the changing dynamics of how our clients execute projects. The strategic acquisition of PDI allows GATE Energy to capture greater wallet share of our clients OPEX and CAPEX. With significant cross-company synergies and growth opportunities, we believe that there is a multi-year opportunity for PDI to achieve double digit growth. PDI’s strong recurring revenues driven by regulatory requirements, strong free cash flow generation and industry-leading organic growth since inception align well with our plan for long-term profitable growth.”
GATE Energy is an award winning (Hot Firm & Best Firm to Work For) family of companies that provide scalable, client-aligned services to the oil and gas industry including engineering, commissioning, field services, project delivery and staffing. For more information on GATE Energy, go to www.gate.energy
For details and questions on this press release, contact Karthik Annadorai, EVP at karthik@gateinc.com.
