Quorum Software (Quorum), has entered into a definite agreement to acquire Houston-based Coastal Flow Measurement, Inc. (Coastal Flow).
The acquisition of Coastal Flow also includes its information services and technologies subsidiary, Flow-Cal Inc.
The acquisition will expand and strengthen Quorum’s industry-leading oil and gas software and services portfolio with the long-time leader in measurement data management for natural gas and petroleum liquids.
“Flow-Cal technology is the industry standard and their employees, as well as the talent employees of Coastal Flow, are valued additions to our team” said Gene Austin, CEO of Quorum.
“In addition to deep industry knowledge, our organisations share longstanding relationships with customers and partners, and we are eager to explore all of the ways that we can together provide best-in-class products and service to energy industry participants,” Austin continued.
Coastal Flow’s companies provide gas and liquids measurement, analytical services and software resources to the energy industry on a global scale. Coastal Flow serves oil and gas companies in all segments of the industry including producers, midstream operators, pipeline companies, refineries, processing plants and utilities.
“With over five decades of service to the oil and gas industry, our relationships with both small independent producers and fully integrated majors within the energy industry are well established,” said Steve Whitman, Chairman of the Board for Coastal Flow.
“As the energy industry continues to develop the digital oilfield, our employees and customers will recognise the benefits of a Quorum and Coastal Flow combination to effectively deliver an integrated and comprehensive business process automation solution,” said Mark Fillman, Coastal Flow’s President and Board Member.
“By combining our industry-leading measurement products with Quorum’s robust suite of business applications we can offer our customers an integrated solution that enhances operational efficiencies and improves transparency across the industry,” said Mike Squyres, President of Flow-Cal.