HOUSTON—LineStar Integrity Services LLC, a provider of pipeline integrity and operations services, Jan. 11 announced it completed the acquisition of PIMS of London’s North American pipeline integrity business. 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’s commercial 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, vice president of 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.
Forge Oil & Gas retained Energy Advisors Group for the sale of the Greater Bonnie Glen Rex/Spirit River oil and shallow gas assets located in East-Central Alberta, Canada.
PetroBal Omega 1 LLC retained RedOaks Energy Advisors LLC as its exclusive adviser in connection with the sale of certain Fort Worth Basin properties in Jack and Palo Pinto counties.
Merit Management Partners I retained EnergyNet for the sale of nonop Wyoming package located in Hot Springs County through a sealed-bid offering closing Oct. 23.