Pipeline Technique (PTL) Acquires CRC‑Evans, Pipeline Induction Heat and Stanley Inspection from Stanley Black & Decker
August 23, 2022
Pipeline Technique (PTL), a Bluewater‑backed energy infrastructure services group, has completed the acquisition of CRC‑Evans, Pipeline Induction Heat (PIH) and Stanley Inspection (including MicroAlloying) from Stanley Black & Decker. The deal creates a global leader in pipeline welding, coating and inspection with pro forma revenues in excess of $200 million and headcount rising from ~350 to over 1,000, expanding PTL's capabilities across oil & gas, renewables and carbon capture markets.
- Buyers
- Pipeline Technique (PTL), Bluewater
- Targets
- CRC‑Evans, Pipeline Induction Heat (PIH), Stanley Inspection (including MicroAlloying)
- Sellers
- Stanley Black & Decker
- Platforms
- Pipeline Technique (PTL)
- Industry
- Industrial Services
- Location
- Scotland, United Kingdom
- Transaction Type
- Addon
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