What is Complete Pipe Services?
Complete Pipe Services is a specialized provider of on-site mobile inspection and repair services tailored for the Oil & Gas drilling sector. Their core offerings encompass comprehensive inspections of drill pipe, bottom hole assembly, and specialized tools, alongside critical services such as hardbanding, pipe straightening, and tubular reclamation. The company prides itself on a management team with over 65 years of collective experience, ensuring adherence to stringent safety standards and high-quality workmanship through individualized training for their ASNT certified operators. Operating 24/7 across the United States, Complete Pipe Services caters to both oil and gas operators and suppliers of OCTG goods, positioning itself as a reliable partner in maintaining essential drilling equipment.
How much funding has Complete Pipe Services raised?
Complete Pipe Services has raised a total of $461K across 2 funding rounds:
Debt
$150K
Debt
$311K
Debt (2020): $150K with participation from PPP
Debt (2021): $311K led by PPP
Key Investors in Complete Pipe Services
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for Complete Pipe Services?
The substantial late-stage funding indicates Complete Pipe Services is poised for significant scaling and potentially market consolidation. This capital infusion is likely to fuel enhancements in operational capacity, technological adoption for inspection and repair services, and geographic expansion to meet the demands of a dynamic energy market. Strategic partnerships and further service diversification may also be on the horizon as the company leverages its strong industry standing and experienced workforce to capitalize on new opportunities within the oil and gas supply chain.
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