Tulsa Inspection Resources
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Tulsa Inspection Resources - overview
Established
2003
Location
Tulsa, OK, US
Primary Industry
Oil & Gas
About
Tulsa Inspection Resources provides specialized inspection and integrity services to the energy sector, ensuring compliance and safety for pipeline operators and public utilities through advanced technical assessments and support. Tulsa Inspection Resources, LLC (TIR) was founded in 2003 and is headquartered in Tulsa, US. The company specializes in inspection services for the energy industry, focusing on pipeline integrity. In March 2009, Salem Halifax Capital Partners acquired TIR, enhancing its operational capabilities.
The company is led by CEO Cheryl Seiwald and Randall Lorett. Tulsa Inspection Resources, LLC specializes in providing comprehensive inspection and integrity services tailored for the energy industry. Its core offerings include pipeline inspection, integrity assessments, non-destructive examination (NDE), and technical support services aimed at safeguarding people, property, and the environment. TIR's ASNT Level II TC-1A technicians utilize advanced technologies to conduct thorough assessments identifying anomalies within pipelines, including corrosion and mechanical damage, facilitating compliance with federal and state regulations.
The company serves a diverse clientele across various U. S. states and has established itself as a minority qualified vendor through a partnership with CF Inspection Management, LLC. TIR operates under a B2B transaction model, primarily engaging with energy sector clients such as midstream pipeline owners and public utility companies.
The business typically involves service contracts for inspection and integrity management services, focusing on tailored solutions for pipeline maintenance and compliance. Revenue is generated through one-time service fees for specific inspections or long-term contracts for ongoing integrity management, with pricing structured around service complexity and scope. Tulsa Inspection Resources aims to expand its market presence by developing new products focused on advanced inspection technologies scheduled for release in the next 12 months. The company is targeting expansion into the Southwestern and Midwestern U.
S. markets by late 2024, leveraging resources from its last funding round in March 2009, which supported operational enhancements and service diversification.
Current Investors
Salem Halifax Capital Partners
Primary Industry
Oil & Gas
Sub Industries
Oil & Gas Equipment and Services
Website
www.tulsainspection.com
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Tulsa Inspection Resources - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | Tulsa Inspection Resources | - |
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