TULSA,
Okla., June 2, 2023 /PRNewswire/ -- Shaw Pipeline
Services ("SPS") announced today that it has been acquired from
Shawcor (TSX: SCL) by a US-based investor group which includes
Achieve Capital LLC and members of the current SPS management
team.
"Today's announcement is an exciting new chapter in our long
history. Our investors are focused on the energy infrastructure
space and committed to growing this business. As a private company,
SPS will have flexibility to evolve our industry leading technology
and expand our business. The priorities don't change. Health and
safety, unmatched technical competence, and a passion for customer
services are still our foundation," said Charlie Pattillo, CEO of SPS.
The purchase was finalized on May
31, 2023.
About SPS
Headquartered in Tulsa,
Oklahoma Shaw Pipeline Services is a global provider of
non-destructive, ultrasonic, and radiographic pipeline girth weld
inspection technology and services to the North American onshore
and global offshore pipeline markets. Founded in the 1970s, SPS
pioneered automated ultrasonic testing (AUT) and real-time
radiography (RTR) to enable faster, safer and more accurate weld
inspection. Shaw Pipeline Services' technologies and processes are
now considered industry standards for quality and accuracy.
For further information, please contact
Charlie Pattillo
CEO
Telephone: 918.893.7800
Email: Charlie.pattillo@shawndt.com
Website: www.shawpipeline.com
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SOURCE Shaw Pipeline Services
