Pine Tree Equity Recapitalizes Applied Consultants
Pine Tree Equity II, LP (“Pine Tree Equity”), a private equity firm based in Miami, FL, is pleased to announce that it has recapitalized Applied Consultants, Inc. (“Applied”) in March 2011. Applied, founded in 1992 and headquartered in Longview, TX (with another location in Dallas, TX), is a leading regional provider of primarily inspection services to the oil and gas pipeline industry. For additional information, please visit www.appliedconsultants.com.
In order to meet the heavy regulatory requirements associated with environmental, performance and safety standards, oil and gas producers utilize inspection services to ensure infrastructure complies with all applicable codes to avoid government penalties and prevent pipeline failures. Applied has an exceptionally strong history of not only providing these mission critical inspection services, but has recently diversified their offering to include design, engineering, estimating, management, safety and training services.
Pine Tree Equity partnered with Mr. Glenn Davis, the founder, President and Chief Executive Officer of Applied, to recapitalize the platform in order to materially expand its inspector base and readily meet the growing demand from the oil and gas industry. Applied Consultants marks Pine Tree Equity’s 2nd investment in the oil and gas services industry, and 13th investment since Pine Tree Equity’s inception in 2007.