The next generation supply chain and technology company Requis has acquired the oil and gas surplus market firm Pipebroker.com, for an undisclosed sum.
Founded in 2018 by CEO Derric Lerma, Pipebroker.com is a leader in aftermarket tubular products used in the energy and infrastructure sectors worldwide.
The acquisition will expand Requis’ reach into these markets via Pipebroker.com’s customer portfolio and Lerma’s business network.
Derric Lerma has moved hundreds of millions of dollars of pipe during his 20+ year career. An engineer with respected credentials in Texas throughout the USA, Lerma will become responsible for surplus market business development in the Americas.
Pipebroker.com’s enterprise customers will gain the ability to digitalize and centralize their current business operations via the Requis platform.
Requis CEO Richard Martin said, “We are very excited to bring Derric Lerma and his clients into the Requis ecosystem. This is the first of several upcoming acquisitions we have planned as the currently fragmented market consolidates, so stay tuned.”
Lerma foresees a thriving surplus market as the energy industry continues its recovery from COVID-19 and other challenges. He said: “The global surplus pipe market is at an all-time high, approximately $2.4trn per year and growing. Infrastructure is developing worldwide at an increasing rate. Requis is well positioned to onboard Pipe Broker so we can get the right assets to the right people globally.”
For more information visit: www.requis.com