LINESTAR INTEGRITY SERVICES ANNOUNCES THIRD ACQUISITION — NUGEN AUTOMATION
LineStar Integrity Services LLC (“LineStar”), a leading provider of pipeline integrity, maintenance and repair services, today announced that it has completed the acquisition of NuGen Automation LLC (“NuGen”). LineStar is a portfolio company of First Reserve, a leading global private equity investment firm exclusively focused on energy.
LineStar recently announced a strategic expansion throughout areas of concentrated pipeline infrastructure in the U.S., with two other acquisitions (Tucker Midstream Inc. and Tucker Construction Inc.) in January 2018. NuGen Automation continues the company’s growth trajectory, bringing oil and gas technologies that provide enterprise-class SCADA, IT, leak detection, regulatory compliance, and operations support for midstream and downstream pipeline companies.
Daniel Cowan, CEO of LineStar, stated, “LineStar continues to pursue organic and acquisitive growth initiatives as a market leader in mission-critical midstream integrity maintenance, supported by our partner, First Reserve. NuGen represents an important building block to grow our energy, integrity, regulatory compliance, and control center operation offerings. The company’s proprietary business solutions and in-depth knowledge of how to capture, analyze, and monitor large amounts of operational data serves to greatly improve the safety, profitability, reliability and regulatory compliance standards of oil and gas assets. We have been impressed with NuGen’s experienced management team as they share a similar culture dedicated to safety and customer service, and we are delighted to welcome them into the LineStar family.”
Son Tran, President of NuGen, added, “Over the past eight years, NuGen has been proud to partner with some of the largest oil and gas operators to help them meet and exceed their operations, safety, and regulatory compliance needs, while also improving their business efficiency. We are excited to join the LineStar family and look forward to becoming part of a larger platform with a shared vision.”
Son Tran will continue in his role as President of NuGen reporting directly to Daniel Cowan, CEO of LineStar.
Financial details of the transaction were not disclosed.
LineStar Integrity Services provides a comprehensive suite of solutions which includes integrity maintenance, corrosion and cathodic protection, coatings, GIS, control room operations, measurement and automation, and O&M compliance 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 85 clients, including long-standing relationships with multiple blue-chip energy companies. 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.
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SOURCE LineStar Integrity Services LLC