What is OilPatch NDT?
Tier 1 Integrity LLC, operating under the name OilPatch NDT, is a Texas-based entity specializing in comprehensive integrity management services. Founded in 2014, the company offers certified API inspections, tank inspections, coating inspections, non-destructive testing, engineering services, and consulting across the United States. Their expertise spans critical industries including refining, power, wind, chemical, pharmaceutical, and the oil and gas sectors (midstream and upstream). OilPatch NDT is committed to delivering high-quality, responsive solutions through a streamlined organizational structure, aiming to optimize 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 recent major strategic investment signifies a pivotal moment for OilPatch NDT, likely enabling expansion of its service offerings, technological advancements, or geographic reach. This capital infusion is expected to bolster its competitive position in the integrity management and inspection services market, particularly within the demanding oil and gas industry. The company's focus on reliability and cost optimization positions it well for continued growth and deeper market penetration.
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