Oil States Acquires Houston-Based Quality Connector Systems

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Description

Acquired the Houston-based company that designs, manufactures and markets deep and shallow water pipeline connectors.

Oil States International Inc. (NYSE: OIS) announced Dec. 2 that its subsidiary, Oil States Industries Inc., has acquired Quality Connector Systems LLC (QCS).

Headquartered in Houston, QCS designs, manufactures and markets a portfolio of proprietary deep and shallow water pipeline connectors for subsea pipeline construction, repair and expansion projects. Terms of the transaction were not disclosed.

"The acquisition of QCS provides our offshore products segment with additional opportunities to expand our portfolio of subsea pipeline connector products. The outlook for offshore pipeline activity is robust, and I am excited about expanding our product line offering," Cindy B. Taylor, Oil States' president and CEO, said in the release.

Oil States International Inc. provides specialty products and services to the oil and gas drilling and production companies worldwide. The company is based in Houston.