Cross Country Pipeline Supply acquires Sideline

Cross Country Pipeline Supply Co., Inc. (CCPS), has acquired Sideline Specialty Equipment (SSE), and has consequently entered the Canadian market. CCPS is a leading equipment and supplies provider to the domestic oil and gas pipeline construction industry.

With offices in Texas and Alberta (Canada), SSE is a provider of specialised equipment and support for pipeline projects around the globe. SSE provides innovative equipment, solutions, and services for a wide variety of pipeline projects.

Comment from CCPS

Gerry Plescia, CEO of Cross Country, said, “The acquisition of Sideline to Cross Country is an important strategic initiative as we seek to expand our North American capabilities. The addition of an outstanding Canadian operation will enable us to serve an important energy market. We will also add excellent operations in the critical Houston market, as well as new business development capabilities that will help us to secure new business opportunities worldwide.”

Comment from SSE

Bill Marhofer, President of SSE’s US operation, and Tim Martin, President of the Canadian operation, will join CCPS in senior operational and business development roles; both have more than years’ experience in the industry.

Mr. Martin said, “CCPS is a strong organisation, committed to providing the pipeline industry with leading-edge equipment and service. We share a common vision for the future of our business and look forward to working with Gerry and his team to further enhance our customer offering in the exciting Canadian energy market.”

Mr. Marhofer added, “The combination of CCPS and SSE creates an organisation with world-class equipment and service capabilities and operations in leading energy markets.”

Additional company details

CCPS a leading provider of equipment and supplies for the oil and gas pipeline industry. The Company is based in Aurora, Colorado, with branches in Pennsylvania, Texas and now Alberta, Canada. CCPS is a portfolio company of Odyssey Investment Partners.

Edited from source by Elizabeth Corner

Read the article online at: https://www.worldpipelines.com/business-news/07072015/cross-country-pipeline-supply-acquires-sideline/