What is OilPatch NDT?
Tier 1 Integrity LLC, operating as OilPatch NDT, is a Texas-based entity specializing in certified API inspections, tank inspections, coating inspections, and non-destructive testing. Founded in 2014, the company extends its services, including engineering and consulting, across the United States. Its client base spans critical industries such as refining, power, wind, chemical, pharmaceutical, and both upstream and downstream oil and gas sectors. OilPatch NDT's operational philosophy centers on delivering high-quality solutions and responsive customer service, facilitated by a streamlined organizational structure. The company's comprehensive service portfolio is designed to optimize operational costs and enhance equipment reliability for its clientele.
How much funding has OilPatch NDT raised?
OilPatch NDT has raised a total of $957K across 2 funding rounds:
Debt
$350K
Debt
$607K
Debt (2020): $350K with participation from PPP
Debt (2021): $607K led by PPP
Key Investors in OilPatch NDT
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for OilPatch NDT?
The substantial enterprise-level capital infusion positions OilPatch NDT for accelerated growth and strategic expansion. This financing is expected to bolster the company's service offerings, potentially enabling investments in advanced inspection technologies and broader market penetration. The company's focus on critical infrastructure sectors suggests a strategic direction towards solidifying its role as a key provider of integrity and safety solutions, particularly within the demanding oil and gas industry. Future developments may include enhanced service capabilities and expanded geographic coverage, driven by the recent strategic investment.
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