Red Flame Industries Inc. (RFI) has joined forces with Pittsburgh-based Bolttech Mannings Inc. (BMI) in a strategic move that will create business synergy as it expands Red Flame service offerings and industry reach, and brings more jobs to Alberta.
The two companies officially announced BMI’s acquisition of RFI in mid-May. This important and beneficial step was taken after lengthy confidential negotiations.
The fit between Red Flame and Bolttech Mannings is a natural with the two companies offering complementary services within the same industries. BMI brings 35 years of corporate history and a broad portfolio to the table, with services that include industrial bolting, induction services and on-site machining for the oil, gas, petrochemical, steel, power generation and offshore industries. Red Flame Industries, as full-service plant and pipeline specialists with a 16-year history, offers inspection, repairs and certification of lifting and pressure equipment as well as complete hot tap solutions. Red Flame’s industry focus includes the oil, gas, petrochemical and renewable resource industries.
Additionally – and importantly – the two companies share the same core values: focusing on customer needs, worker safety, the provision of quality work and an emphasis on continuous improvement and innovation.
Through its strategic alliance with Bolttech Mannings, Red Flame Industries will be able to take full advantage of the tremendous growth opportunities in Alberta, by broadening its product offerings, enhancing its supply chain and fostering relationships in the oil and gas industry. Significantly, BMI’s strength lies in the power generation industry; as this industry expands in Alberta, Red Flame is now well-positioned to branch out from oil and gas into this hitherto untapped market.
More immediately, Red Flame will benefit from its new presence in BMI’s 20+ US field offices, and an expansion of its services that will now include bolting, torqueing, tensioning, heat treatment and field machining. With additional services and product lines resulting from the acquisition, Red Flame also expects to increase its workforce of qualified technicians and to provide valuable opportunities for current staff to learn additional skill sets.
Jared Sayers, founder and CEO/President of Red Flame, will continue to lead the company from Red Deer, Alberta.
Bolttech Mannings, Inc. is an affiliate company of Grey Mountain Partners. www.bolttechmannings.com