GATE Acquires BlueFin
GATE Energy announces the acquisition of BlueFin headquartered in New Iberia, LA.
BlueFin is a leading energy services company with expertise in pipeline, process, mechanical, and production optimization providing solutions covering maintenance, integrity and remediation scopes. From deepwater upstream assets and midstream pipelines, to shale gathering facilities and downstream refining processes, BlueFin places their customers at the center of their everyday business.
GATE’s founder and CEO, Grant Gibson said, “Our industry is currently being challenged to deliver value in a more efficient and streamlined manner. By combining the operational strength of BlueFin with the engineering and commissioning experience of GATE, we are able to reduce project interfaces and provide maximum value to our Clients. A valuable partnership with BlueFin demonstrates the success of GATE’s strategy of providing high-quality services to our Clients and a challenging work environment to our staff. Ultimately, we want to ensure that our shareholders, which now includes our staff, are rewarded for teaming with us.”
BlueFin’s President David “Ducky” Pugh said, “The Partnership with GATE reinforces our commitment to bring additional value to our customers and employees. Our GoM and Midstream clients have been the center of our business, and we are excited to be able to deliver such a comprehensive offering of solutions in a time where value and subject matter expertise consolidation is critical.”
With this acquisition, GATE is positioned to provide its global client base with expanded engineering, IRM, decommissioning solutions, and additional mechanical commissioning services.
Morgan Stanley Credit Partners, part of Morgan Stanley Investment Management, was instrumental in securing this acquisition. As an investment partner for growth through acquisitions, MSCP has teamed up with GATE to help realize the high growth strategy currently planned. MSCP invests in corporate debt securities issued by middle market companies.
GATE is a mid-size firm providing commissioning, engineering and marine services to the energy industry. With a novel ‘systems-approach’ to providing solutions to our Clients, GATE’s ‘Make It Work Right The First Time’ philosophy has created strong partnerships with our Clients and has recently led to GATE being identified as the Zweig Group #1 Hot Firm in North America for the second year in succession.
For more information on GATE services, visit www.gateinc.com.
For more information on BlueFin services, visit www.bluefingrp.com.