Bureau Veritas acquires TH Hill
HOUSTON – Bureau Veritas has acquired TH Hill, a worldwide oil & gas drilling failure prevention and analysis services company.
Founded in 1980 and headquartered in Houston, Texas, TH Hill offers quality assurance, engineering and training services to minimize the risk of structural and mechanical failure of both onshore and offshore drilling equipment. TH Hill also develops unique standards including DS-1, a global standard for drill string design, manufacture, operation and inspection and STC-1 for the certification of drilling specialty tools. TH Hill operates in more than 50 countries and has offices in Canada and Brazil. It has over 250 employees and reported gross revenue of approximately $47 million in 2011.
Pedro Guimaraes, Bureau Veritas’ Executive Vice President, Industry & Facilities, The Americas, stated, “The addition of TH Hill to the Bureau Veritas organization has provided a unique opportunity to further expand our conformity assessment and quality assurance services to the oil & gas industry. TH Hill’s highly-experienced and proven drilling failure prevention management team adds industry-leading expertise in drilling failure prevention and analysis to Bureau Veritas’ vast pool of professionals and technical resources. The acquisition of TH Hill, in addition to the recent addition of AcmeLabs in Canada, shows Bureau Veritas’ commitment to continually growing our value proposition for clients through the North American and global markets.
Shawn Altizer, TH Hill, Inc., Chief Executive Officer stated, “All of us at TH Hill are excited to be joining a global leader in the oil and gas conformity assessment market. Bureau Veritas provides great opportunities for TH Hill and our employees, and our clients will benefit from the Bureau Veritas global network and the broad array of technical services that we can offer with our expanded platform.”