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Bourland & Leverich Sees Change In Ownership

Thu, 09/02/2010 - 5:03am

PAMPA, Tex. – Jefferies Capital Partners, Bourland & Leverich management, Edgen Murray and Edgen Murray management have formed an ownership group to acquire the assets of Bourland & Leverich Supply Company.

Bourland & Leverich is one of the largest distributors of oil country tubular goods (OCTG) to the onshore upstream industry in North America, and 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 supplies OCTG steel products to exploration & production companies, Edgen Murray provides line pipe, fittings and valves to the same customer group.

Bob Dvorak, president and CEO of Bourland & Leverich, adds, “Our customers will continue to experience the unparalleled service and world class product offering on which we have built our reputation.”

“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.”

Based in Pampa, Texas, Bourland & Leverich is a leading U.S. distributor of new API oil country tubular goods with more than 25 stocking locations and eight sales offices from the Rocky Mountains to the Gulf Coast. For more information, visit www.bl-supply.com.

Based in Baton Rouge, La., Edgen Murray is a global distributor of high performance steel products manufactured for use in specialized applications throughout the energy infrastructure markets and individual industrial segments. Supplying both new construction projects and maintenance, repair and operational requirements, Edgen Murray offers a broad range of materials, technical expertise, and customized solutions through its 30 worldwide locations spanning the Americas, Europe, Middle East and Asia-Pacific.  For more information, visit www.edgenmurray.com.

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