Linestar Integrity Services Announces Acquisition of Remote Operations Center and the Compliance Group

Source Press Release
Company First Reserve Corporation 
Tags Corporate Deals, Deals, Oil Services
Date July 22, 2019

LineStar Integrity Services LLC ("LineStar"), a leading provider of pipeline integrity, maintenance and repair services, today announced that it has completed the acquisition of Remote Operations Center, LLC ("ROC") and The Compliance Group, Inc. ("CGI").  LineStar is a portfolio company of First Reserve, a leading global private equity investment firm exclusively focused on energy.  

The acquisitions of ROC and CGI fit well within LineStar's strategy of broadening its compliance and technical services offering to create what LineStar believes is a differentiated value proposition for its customers.  ROC bolsters LineStar's NuGen Automation subsidiary, which focuses on outsourced control room, GIS, SCADA, IT and other technical operations.  The combination of ROC and NuGen creates one of the largest third-party control room operations in the industry and the only control room with a 24/7 on-site SCADA and IT support and development team.  The Compliance Group greatly enhances LineStar's documentation, audit support, and integrity management capabilities, leveraging LineStar's existing geographical presence and field execution capabilities. 

Paul Neundorfer, CEO of LineStar, stated, "We are excited to work with the ROC and CGI teams to deliver a level of expertise and breadth of service to our combined customer base that does not currently exist in our market.  These transactions align well with our strategy of adding talented, proven operators to our organization and being responsive to industry demands, particularly those associated with regulatory compliance."

Louis Krannich, CEO of ROC, added, "Joining LineStar simultaneously with CGI creates a unique combination of compliance, operations and technical expertise. This combined team can change the game for pipeline owners by creating true fit-for-purpose operations, optimized for safety and compliance. I am proud of our ROC team, thankful for our sponsors, appreciative of our customers and very excited about our future with LineStar."

K.W. Pritchett, President of CGI, added, "The success of The Compliance Group over the past 17 years is directly attributable to the loyalty of our team and the sense of urgency to our customers.  We are looking forward to taking the next step in conjunction with LineStar and ROC to build the premier compliance services organization in the industry."

Financial details of the transactions were not disclosed.

Source: EvaluateEnergy® ©2019 EvaluateEnergy Ltd