Bourland & Leverich Supply Co. Changes Ownership
Bourland & Leverich Supply Co., one of the largest distributors of oil country tubular goods (OCTG) to the North American onshore upstream industry, has been newly acquired by a four-member group. The new owners include Jefferies Capital Partners, Bourland & Leverich management, Edgen Murray and Edgen Murray management. Baton Rouge-based Edgen Murray is a leading global provider of specialty steel products for energy infrastructure markets.
The two companies will continue to operate separately, as each has an established and well-defined position in the active oil and gas drilling environment in the U.S. While Bourland & Leverich, based in Pampa, TX, supplies OCTG steel products to exploration and production companies, Edgen Murray provides line pipe, fittings and valves to the same customer group.
“Rick Leverich, as a third generation owner, has built an admirable and extremely successful company staffed with the best people in the business,” said Dan O’Leary, a member of the investment group who will serve as chairman of both companies. “This is a perfect fit for our portfolio of companies that provides complete steel products and services to the global energy infrastructure industry.”
Source: Edgen Murray