Red Flame Industries

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Red Flame Industries - overview

Location

-, AB-Alberta, Canada

Primary Industry

Business Support Services

About

Red Flame Industries is a Canadian company specializing in specialty industrial services that enhance client operations. Their expertise includes hot tapping and line stopping, essential for maintenance in live piping systems without flow interruption. Red Flame Industries (RFI) provides specialized industrial services focused on optimizing operational efficiency for various sectors. The company was founded by David Wiebe, who has a history of leadership in the industrial sector.


RFI is headquartered in Canada and operates primarily in Alberta, Saskatchewan, and Ontario. RFI was acquired by Bolttech Mannings LLC, a portfolio company of Grey Mountain Partners, in May 2013. The firm has engaged in one funding deal, with the most recent occurring on May 17, 2013. Red Flame Industries specializes in a comprehensive range of specialty industrial services, emphasizing solutions that optimize client operations.


Core offerings include hot tapping and line stopping, allowing for maintenance and modifications to live piping systems without disrupting flow. Additionally, RFI provides non-destructive testing services such as magnetic particle inspection, ultrasonic inspection, and radiography, which ensure equipment integrity and safety. Clients include industrial operators in the oil and gas, manufacturing, and energy sectors, primarily located in Canada. Red Flame Industries operates on a revenue model based on direct business-to-business transactions.


Their pricing structure is tailored to the complexity of services provided, such as pressure testing and engineered certification. This approach fosters long-term client relationships, promoting repeat business and ongoing service contracts. RFI's services are essential for industries focused on safety, compliance, and operational efficiency, reinforcing its role in the specialty industrial sector. Red Flame Industries aims to expand its offerings with new products currently in development, with specific release dates yet to be announced.


The company is targeting geographical expansion into new markets outside their current Canadian operations. They plan to utilize funds from their most recent acquisition in May 2013 to support these initiatives and enhance their service offerings.


Current Investors

Bolttech Mannings LLC

Primary Industry

Business Support Services

Sub Industries

Engineering, Oil & Gas Equipment and Services, Renewable Energy

Website

www.redflameindustries.com

Company Stage

Add-on

Total Amount Raised

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Red Flame Industries - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
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