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.
Recommended Reading
Baseline Energy Opens New Uinta Basin Power Generator Facility
2024-09-24 - Baseline Energy Services’ facility in the Uinta Basin plans to support the region’s mobile power generator fleet with a range of maintenance and repair services.
Carnelian Backs Williston E&P Zavanna as Bakken M&A Heats Up
2024-09-24 - Carnelian Energy Capital Management LP invested in Zavanna LLC, a longtime producer in the North Dakota Bakken and Three Forks plays.
Quantum Backs Tug Hill Team in New E&P Vickery Energy
2024-09-24 - Quantum Capital Group is backing the executives behind Tug Hill, which sold to EQT Corp. for $5.2 billion, in a new Appalachian Basin company Vickery Energy Partners.
About 16% Crude Production Shut in GoM Due to Tropical Storm Helene
2024-09-24 - About 16% of crude production in the U.S. Gulf of Mexico on Sept. 24 were shut-in in response to Tropical Storm Helene.
Macquarie Buys Up to $1.73B Stake in D.E. Shaw Renewable Investments
2024-09-24 - Macquarie Asset Management is acquiring a minority stake in D.E. Shaw Renewable Investments in an equity investment of up to $1.73 billion.