RINA Services Acquires QIC Inc. to Expand Oil and Gas Services
Randolph Ewing, Legal Adviser to QIC Inc.
Blake Davies, Financial Adviser to the RINA
QIC (www.qicinc.com) is a leading testing, inspection and certification (“TIC”) company serving major and independent operators as well as manufacturers in the energy industry.
The Company provides highly trained and experienced quality field inspectors, consultants, engineers and specialists to deliver customers mission-critical, quality surveillance and ensure asset integrity. Founded in 1990, and headquartered in Houston, Texas, the Company has expanded its presence globally with locations in Louisiana, theUnited Kingdom, Singapore and Malaysia. Existing QIC management will continue to lead the Company’s operations as part of the RINA group of companies.
“We are very pleased with the outcome of this transaction and the opportunities this combination will bring to our loyal customers and employees,” said Douglas Fletcher, founder of QIC. “We could not have selected a better partner than RINA to drive expansion and take QIC to the next level.”
QIC will maintain its brand and operate as a RINA group company. The acquisition reflects RINA’s strategy of growing by acquiring high quality companies with complementary expertise and access to new markets, among which U.S. holds a great potential for theItaly-based expanding company. At the same time, QIC will be able to widen the range of services offered to its clients and expand into areas where RINA is already strong as a certification and classification society.
“QIC is a well-established TIC company with a strong, blue-chip customer base of operators and manufacturers operating globally with expertise that complements that of RINA,” said Stefano Socci, General Manager Americas, RINA Services. “The RINA and QIC combination will allow us to more rapidly expand our presence in the global offshore and subsea markets.”
