Service Centers
August 20, 2019
Russel Acquires City Pipe & Supply
Written by Tim Triplett
Canada’s Russel Metals has expanded its presence in the oilfield with the $160 million acquisition of City Pipe & Supply Corp.
City Pipe & Supply supplies pipe, valves and fittings to oil and gas companies in the Permian, Eagle Ford, Granite Wash, Barnett and Haynesville basins, which collectively represent approximately 60 percent of the active rigs in the United States. The company had revenues of $275 million in its last fiscal year.
