Blackstone Expands Repair Offering
Blackstone Industrial Services expanded and will create Blackstone Repair Services, as it combines facilities, teams and skillsets rolled into a newly envisioned offering for Blackstone.
"We are excited at the prospect of supporting our customers and partners in a new way. Blackstone has always been a highly concentrated downstream and petrochemical services company; these products are our wheelhouse and these brands are institutions. We believe in the long-term importance of investing in this market and, as our home, this expansion symbolizes our intent to stake a long-term claim in the community," said Alex Fulthorpe P.Eng, Executive Vice President, Blackstone.
It has turnkey repair for reciprocating compression, pumps and power transmissions in Canada.
Blackstone's investment completes the tactical offering of field service, parts and repairs and aims to exceed customers' expectations in the lifecycle of rotating equipment maintenance.
"This is a centre of excellence. We see many of our competitors trying to diversify, as if the core western Canadian economy has disappeared for good, and this fragmentation drives unfortunate behaviour with operators. We don't agree," said Fulthorpe. "We are Oil and Gas, and we power the economy and the country. We have a lot of respect for our clients and the equipment they operate. The expansion of our offering comes at a time when many businesses are shrinking, and we are expanding in the east and on the Gulf coast. Our track record speaks for itself, and we intend to continue building the most consolidated and reliable rotating equipment service provider we can—Field service, Parts, Engineering and now Repair. We look forward to building new models for our clients and rebuilding this economy."