PE Tech Report

NEWSLETTER

Like this article?

Sign up to our free newsletter

Nautic Partners acquires Applied Consultants

Private equity firm Nautic Partners has partnered with management to acquire Applied Consultants, a provider of inspection services to the oil and gas pipeline infrastructure industry.

 
Applied was founded in 1991 and is headquartered in Longview, Texas.
 
Applied offers an array of inspection services on pipelines, compressor stations and processing facilities used in midstream oil and gas energy transport. Major oil and gas midstream companies use Applied’s inspection services to ensure that pipeline infrastructure is constructed in accordance with high-quality standards and procedures.
 
Today, the company has over 450 inspectors working with clients in states across the country including Texas, Oklahoma, Louisiana, West Virginia, Ohio, Pennsylvania, and North Dakota.
 
“Applied has been able to grow its business every year since it was founded 22 years ago,” says Doug Hill, managing director of Nautic. “That’s a testament to the strength of the Applied management team and their focus on always putting the customer first. We think Applied will continue to thrive, as the surge in US energy development continues to demand the build-out of new pipeline infrastructure to support increased production. We also believe that increases in regulation of energy development will support customers demanding more inspection services from high-quality, trusted partners like Applied.”
 
“We are very pleased to partner with Nautic and look forward to their strategic and financial support,” says Applied chief executive Matthew Cheney. “I am confident we are entering an exciting new chapter for Applied, which should see significant growth and further success in the years to come.”
 
Fifth Third Bank and Triangle Capital Corporation provided financing for the transaction. Terms of the transaction were not disclosed.
 
Applied is Nautic Partners’ 13th investment from its most recent fund, Nautic Partners VI.

Like this article? Sign up to our free newsletter

MOST POPULAR

FURTHER READING

Featured