GATE Acquires PDI Solutions

Published: Aug 07 2017
Deal Summary

GATE, Inc., an energy services company, acquired PDI Solutions, LLC, a provider of a wide array of services in the operations, maintenance (O&M), and inspections arena with focus in both the upstream and midstream industries.

PDI Solutions provides operation, maintenance and inspection services to the upstream and midstream companies.

The acquisition enables GATE to better serve its existing clients and partners, gain new clients, diversify into other sectors, and increase their exposure and integration through the energy value chain.

Grant Gibson, founder and CEO of GATE, said, “PDI is a perfect fit for GATE that nicely aligns with our focus on growth in the down-market in operations and maintenance and the changing dynamics of how our clients execute projects. The strategic acquisition of PDI allows GATE Energy to capture greater wallet share of our clients OPEX and CAPEX. With significant cross-company synergies and growth opportunities, we believe that there is a multi-year opportunity for PDI to achieve double digit growth. PDI’s strong recurring revenues driven by regulatory requirements, strong free cash flow generation and industry-leading organic growth since inception align well with our plan for long-term profitable growth.”

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