PASADENA, Texas, June 28, 2016 /PRNewswire/ -- TorcSill Foundations, LLC ("TorcSill"), announced today that it has acquired AnchorPipe International, Inc. ("AnchorPipe"). Founded in 1978, AnchorPipe is a leading North American provider of onshore and offshore pipeline anchoring solutions to the Oil & Gas industry. AnchorPipe is based in Houston, Texas, and operates across North America and internationally.
TorcSill is focused on engineering, manufacturing and installing helical pier foundation systems. TorcSill was created in May 2014 through the combination of TorcSill Foundations Inc. and Foundation Specialist & Repair. TorcSill is backed by Intervale Capital ("Intervale"), a private equity firm which invests primarily in oilfield manufacturing and service companies.
Lyle Love, Chief Executive Officer, commented, "We are pleased to welcome AnchorPipe's employees to the TorcSill family. These businesses are a natural fit; AnchorPipe has a great track record of installing helical pier-based foundations across North America and globally. In addition, AnchorPipe is a market leader in the offshore and aqueous environment pipeline anchoring market, offering highly technical, on-demand solutions to pipeline operators."
Randy Robertson, Chief Engineer, added, "AnchorPipe has a great set of relationships with domestic engineering and construction firms, but also with international pipeline operators. The combination will expand TorcSill's international and offshore capabilities."
Jeff Suttles, President of AnchorPipe, commented, "We are very excited to partner with TorcSill. AnchorPipe will benefit greatly from TorcSill's strong engineering capability, expansive sales & business development efforts and most importantly, TorcSill's engineered, high-quality helical piers, manufactured at its state-of-the-art facility in Pasadena, Texas."
Jason Turowsky, Partner at Intervale Capital added, "We are delighted to partner with AnchorPipe. The addition of AnchorPipe will add a new growth lever to the TorcSill platform. We are confident that the combination will create immediate sales synergies and allow TorcSill to better serve its growing construction, midstream and downstream customer base."
About TorcSill Foundations, LLC:
TorcSill Foundations, LLC engineers, manufactures and installs helical pile foundation systems for a broad range of markets. TorcSill's helical piles, also known as helical piers and screw piles, are a proven foundation solution that are ideal for energy, industrial and commercial applications, including oil & gas production equipment, midstream equipment, refineries and power & transmission equipment. The Company's headquarters and manufacturing facility are located in Pasadena, Texas with field service and installation locations in North Dakota, Oklahoma, South Texas, West Texas, Gulf Coast, West Virginia and Colorado. TorcSill's clients benefit from a turnkey product and service package that includes in-house research and development, design, fabrication and installation. The TorcSill helical piles are rigorously tested and can be customized to meet specific, demanding project requirements. Company website: www.torcsill.com
About AnchorPipe International, Inc.:
AnchorPipe International, Inc. provides onshore and offshore pipeline anchoring and foundation solutions to the oil & gas industry. AnchorPipe's product offering includes engineering and installation of helical piers and anchoring systems. The company is based in Houston, Texas. Company website: www.anchorpipe.com
About Intervale Capital:
Intervale Capital is an energy-focused private equity firm with offices in Houston and Boston. Intervale invests primarily in middle-market energy services and manufacturing companies and related technologies. The firm has raised $1.3 billion of committed capital since its inception in 2006 and is currently investing from its third fund.
Intervale portfolio companies include Tier 1 Energy Solutions (wireline and completions in Canada), TEAM Oil Tools (completions equipment and services), Aegis Chemical Solutions (oilfield chemicals, water treatment and water transfer), Certus Energy Solutions (diversified oilfield rental equipment), Antelope Oil Tool (casing and cementing products) and Epic Lift Systems (artificial lift and compression), among others. Company website: http://www.intervalecapital.com
Contact for TorcSill:
Lyle Love, Chief Executive Officer
Contact for Intervale:
Partner, Intervale Capital
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SOURCE Intervale Capital