Expands Company's Presence Into Canadian Market
AURORA, Colo., July 6, 2015 /CNW/ -- Cross Country Pipeline
Supply Co., Inc. ("Cross Country"), a leading equipment and
supplies provider to the domestic oil and gas pipeline construction
industry, announced today that it has acquired Sideline Specialty
Equipment ("Sideline"). Through the acquisition of Sideline,
Cross Country has entered the Canadian market. Financial
terms of the transaction were not disclosed.
With offices in Conroe (near
Houston), Texas and Spruce
Grove (near Edmonton),
Alberta, Canada, Sideline is a
provider of specialized equipment and support for pipeline projects
around the globe. Sideline provides innovative equipment and
solutions – often designed and built to meet specific project needs
– and services for a wide variety of pipeline projects.
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. We are pleased to welcome
Bill Marhofer and Tim Martin, and their talented teams, to Cross
Country and look forward to working together to build a leading
pipeline equipment rental and supply sales company."
Bill Marhofer, President of the
Sideline's U.S. operation, and Tim
Martin, President of the Canadian operation, will join Cross
Country in senior operational and business development roles.
Mr. Marhofer and Mr. Martin each have more than 30 years'
experience in the pipeline industry.
Mr. Martin said, "Joining Cross Country is an outstanding
opportunity for Sideline, our customers and employees. Cross
Country is a strong organization, 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 Cross Country and
Sideline creates an organization with world-class equipment and
service capabilities and operations in leading energy
markets. As we move forward as one company, we will be able
to offer current and prospective customers in North America and around the world the most
comprehensive solutions for their pipeline equipment needs."
About Cross Country
Cross Country is a leading
supplier 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. Cross Country is a
portfolio company of Odyssey Investment Partners. For more
information please visit www.ccpipeline.com.
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SOURCE Cross Country Pipeline Supply Co., Inc.