Lafayette, LA (PRWEB) February 07, 2012
Inspection Oilfield Services (IOS), a leading provider of Oil Country Tubular Goods (OCTG) inspection and repair services, announced today it has acquired Castronics, a premier provider of OCTG threading, repair and storage services, creating the leading independent and API-licensed OCTG threading, repair, inspection and storage service provider in the Rocky Mountain and Upper Midwest regions.
This combination allows the companies to provide a broader array of services over a national footprint with 22 locations across Louisiana, Texas, Pennsylvania, Ohio, West Virginia, Kansas and Nebraska.
Castronics will retain its name, locations in Southwest Nebraska, and current management team. States Castronics’ President, Perry Van Newkirk, “This combination represents an incredible opportunity for us to better serve our customers. Having IOS’s independent inspection services in-line with our threading, repair and storage capabilities allows us to provide a complete solution to our customers. We look forward to continuing our positive momentum with our new partners at IOS.”
Kevin McKay, who will remain the CEO of IOS and the combined companies had this to say about the transaction: “Castronics is a great company with the same enduring culture and commitment to quality and customer service that IOS holds sacred. We are very excited to work with Perry Van Newkirk and the Castronics team to better serve our customers and to continue to build our regional market leadership.”
Inspection Oilfield Services (IOS), formerly known as IOS/PCI, based in Lafayette, Louisiana provides OCTG inspection and repair services to E&P operators, OCTG mills and distributors, and oilfield rental and service companies throughout the United States.
About Castronics, LLC
Castronics, with locations in Kimball and Sidney, Nebraska, is an API licensed provider of OCTG threading, perforating, refurbishment, storage and now inspection services primarily in the Rocky Mountain and Upper Midwest regions.