Pipeline Induction Heat Ltd
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Pipeline Induction Heat Ltd - overview
Established
1980
Location
Lancashire, Burnley, UK
Primary Industry
Chemicals
About
Based in Lancashire, UK, and founded in 1980, Pipeline Induction Heat Ltd, doing business as PIH is a field joint coating applicator that works with onshore, offshore, and spool base pipeline construction contractors. In June 2022, Pipeline Technique Limited, a portfolio company of Blue Water Energy, agreed to acquire Pipeline Induction Heat. PIH offers a range of surface preparation coating applicators and blast equipment of varying design and capacity, to suit a range of pipeline parameters and daily production requirements. The firm also offers industrial coating and other global testing services such as automated ultrasonic testing, guided ultrasonic testing, magnetic flux testing, penetrant testing, etc.
Current Investors
Pipeline Technique Limited
Primary Industry
Chemicals
Sub Industries
Consumer Services, Construction, Industrial Machinery, Paints & Coatings
Website
www.pipelineinductionheat.com
Verticals
Manufacturing
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Pipeline Induction Heat Ltd - timeline of key events
Pipeline Induction Heat Ltd - financials
| Fiscal Year Ended | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 26,280,151 | 30,455,578 | 36,699,271 | 41,522,081 | 50,413,495 | 65,787,860 | 50,827,889 | 39,953,634 | 20,173,251 | - | - | - |
| % Revenue Growth (YoY) | - | 15.9% | 20.5% | 13.1% | 21.4% | 30.5% | (22.7%) | (21.4%) | (49.5%) | - | - | - |
| EBITDA (USD) | 3,437,737 | 2,330,182 | 4,714,438 | 10,909,233 | 5,214,014 | 13,210,274 | 6,585,679 | (2,358,162) | 513,584 | - | - | - |
| Operating Income (USD) | 2,311,317 | 1,075,769 | 3,133,513 | 8,782,161 | 1,630,095 | 10,180,289 | 4,208,732 | (4,665,683) | (1,801,975) | - | - | - |
| Operating Margin | 8.8% | 3.5% | 8.5% | 21.2% | 3.2% | 15.5% | 8.3% | (11.7%) | (8.9%) | - | - | - |
| % EBITDA Margin | 13.1% | 7.7% | 12.8% | 26.3% | 10.3% | 20.1% | 13.0% | (5.9%) | 2.5% | - | - | - |
| NET Income (USD) | 2,814,338 | 216,440 | 2,715,248 | 8,353,725 | 175,010 | 7,118,825 | 2,315,322 | (3,615,111) | (2,409,917) | - | - | - |
| % Net Margin | 10.7% | 0.7% | 7.4% | 20.1% | 0.3% | 10.8% | 4.6% | (9.0%) | (11.9%) | - | - | - |
Pipeline Induction Heat Ltd - 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 | Completed | Pipeline Induction Heat Ltd | - |
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Pipeline Induction Heat Ltd - employee data
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