PDI Solutions, which offers a suite of services in the operations, maintenance (O&M), has an inspection arena that aims at upstream and midstream markets.
Established in 2011, PDI also supplies instrumentation and electrical, production, glycol and process, cathodic protection and integrity management, inspection and QA/QC service personnel across the globe.
PDI will function under the GATE Energy portfolio and will offer streamlined service to its clients by integrating with the other subsidiaries of GATE Energy.
GATE Energy founder and CEO Grant Gibson said: "PDI is a perfect fit for GATE that nicely aligns with our focus on growth in the down-market in operations and maintenance and the changing dynamics of how our clients execute projects.
“The strategic acquisition of PDI allows GATE Energy to capture greater wallet share of our clients OPEX and CAPEX. With significant cross-company synergies and growth opportunities, we believe that there is a multi-year opportunity for PDI to achieve double digit growth.
“PDI's strong recurring revenues driven by regulatory requirements, strong free cash flow generation and industry-leading organic growth since inception align well with our plan for long-term profitable growth."
PDI, having a workforce of over 200, specializes in pneumatic, hydraulic, PLC, panels, motor control centers, instrumentation, navigation aids, SCADA systems, marine safety & control systems.
GATE Energy offers scalable, client-aligned services such as engineering, commissioning, field services, project delivery and staffing to oil and gas industry.
