GATE Energy adds completion specialist to portfolio
- Business & Finance
GATE Energy, a group of companies providing services for the energy sector, has announced the acquisition of Mid-South Rental and Completion Services (MSRCS), headquartered in Youngsville, LA.
Mid-South Rental and Completion Services is a global resource for equipment and service personnel within the upper-completion and production markets specializing in multi-line spooling services (MLS), thru-tubing control systems (TTCS), flushing, filtration, pressure testing and umbilical pumping.
In addition, MSRCS provides high pressure, high flow rate filtration of subsea umbilicals, trees, BOP controls, hydraulic systems, control panels, and subsea equipment. The company also provides particle counting of hydraulic fluids and chemicals for facilities, and downhole applications.
GATE said on MSRCS will join forces with BlueFin, a GATE Energy company, which will expand their portfolio into the completion arena, as well as increase their flushing, filtration and pressure testing expertise. BlueFin is an independent service company with a suite of project execution niches and specialty equipment, covering a full range of pipeline and process solutions.
Bluefin’s President and co-founder, David “Ducky” Pugh, said, “With this acquisition, the GATE Energy group of companies will be further positioned to provide a more robust offering to the deepwater market, as well as lube oil flushing to the US onshore mid-stream space. Combining Mid-South with our operations will greatly expand our asset base and technical staff.”
Grant Gibson, Founder and CEO of GATE Energy, says, “The synergy and technical niche between MSRCS and BlueFin will create long term relationships with our clients and accelerate our organic growth strategy. In addition, GATE, Inc.’s engineering capabilities will be put to work through solving real world flow assurance issues, creating better integrated services to our clients. Our commissioning services will benefit through full service integration from mechanical completion through steady-state operations.”