Pipe Pros, LLC
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Pipe Pros, LLC - overview
Established
2009
Location
Corpus Christi, TX, US
Primary Industry
Oil & Gas
About
Based in the US, Pipe Pros, LLC provides specialized casing and tubing services for the oil and gas industry, delivering innovative solutions to enhance drilling operations. Pipe Pros, LLC, founded in 2009 and headquartered in Corpus Christi, US, focuses on offering advanced casing and tubing services. The company has successfully completed 3 deals, with the most recent deal occurring on December 20, 2024, when Azuria Corporation, a portfolio company of New Mountain Capital, acquired Pipe Pros from Appareo Capital. As part of this acquisition, Pipe Pros will operate under the Insituform brand.
The founder's information is not available, and there are no mentions of prior companies or pivots in business strategy. Pipe Pros, LLC specializes in providing advanced casing and tubing services tailored to the oil and gas industry. The company offers a comprehensive range of products including casing running tools, fill-up tools, and various handling equipment designed to ensure efficient and safe drilling operations. Their offerings also feature power tongs, torque monitoring systems, and hydraulic units, engineered to enhance performance during casing and tubing operations.
These products address critical challenges such as managing high-pressure environments and ensuring precise torque application. Pipe Pros serves clients across North America, the Middle East, and parts of South America, significantly streamlining operations in challenging geological formations. The revenue generation model for Pipe Pros, LLC is primarily based on direct business-to-business transactions with clients in the oil and gas sector. The company engages in the sale and rental of its flagship products, which include hydraulic tongs and power tongs, often structured as long-term contracts or project-based agreements.
Pricing structures are influenced by the specific needs of clients, encompassing options for both individual product sales and bundled service packages that provide comprehensive solutions for drilling operations. By customizing their offerings, Pipe Pros enhances client relationships and fosters repeat business, creating a reliable stream of income. With the acquisition by Azuria Corporation, Pipe Pros, LLC is set to expand its sewer, sanitation, and storm utility construction services in the Southeast United States. The integration under the Insituform brand will enhance the company’s market presence.
Specific plans for new product launches and geographic expansions are currently in development, with more details expected to be announced in 2025.
Current Investors
Turnbridge Capital
Primary Industry
Oil & Gas
Sub Industries
Oil & Gas Equipment and Services, Oil & Gas Exploration and Production, Power Generation Equipment & Services, Petrochemicals, Rubber & Plastics
Website
www.pipe-pros.com
Verticals
Manufacturing
Company Stage
Mature
Total Amount Raised
Subscriber access only
Pipe Pros, LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Completed | Pipe Pros, LLC | - | ||||||||
| Secondary Buyout | Completed | Pipe Pros, LLC | - | ||||||||
| Recapitalisation | Completed | Pipe Pros, LLC | - |
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