Bourland & Leverich Supply and Pipeco Services, two subsidiaries of Sumitomo Corp. providing oil country tubular goods (OCTG) products and services to the upstream markets in the US, are planning to merge. The new company will be called, "B&L Pipeco Services."
B&L Pipeco Services intends to differentiate itself from the competition with expanded services offerings that provide more value to customers and more avenues for mills to bring their products to market. The new company's combined resources will allow for customized responses for program or day-to-day business including more supply channels, procurement options, service offerings, and distribution locations for operators throughout the US. The parties anticipate a formal merger agreement to be signed by April 1, and expect the transaction to close within the next six months.
Bob Dvorak will serve as executive chairman of B&L Pipeco Services, and Steve Tait will serve as president and CEO of the new company.
Bourland & Leverich has provided OCTG products to the upstream conventional and unconventional onshore drilling market in the US since 1935. Headquartered in Houston, Texas, the company also has offices in Louisiana, Oklahoma, Colorado, and Pennsylvania.
Also a distributor of OCTG products, Pipeco Services was founded in 1982, and has its headquarters in Houston, with additional offices in Oklahoma and Pennsylvania.