Quality Companies USA, LLC, a Top 50 Acadiana privately held company the past 2 years, is pleased to welcome Traco Production Services, Inc. (Traco) to its family of companies. Effective April 1, 2011, Traco will join the Quality Companies taking its place alongside Quality Construction & Production, LLC (QCP) and Quality Production Management, LLC (QPM). The addition of Traco further diversifies the Quality Companies portfolio and strengthens its position as the premier oil and gas service provider.
Quality Companies began as Quality Construction & Production, LLC (QCP), a small oil and gas construction and fabrication firm founded by Troy Collins and Nathan Granger in 2001. Dedicated to the philosophy of "Quality People – Quality Service”, QCP has grown into one of the premier oil and gas construction and fabrication firms in the country. In building strong, long-term client relationships by consistently exceeding customer expectations, QCP has become one of the fastest growing companies in America earning the distinction of Entrepreneur Magazine’s Hot 500 for 2007, as well as a spot on Acadiana’s Top 50 Privately Held Companies for 2009 and 2010.
QCP’s solid growth enabled the firm to purchase the contract operations and compliance divisions of Production Management Industries, LLC (PMI) from Superior Energy Services on April 9, 2007 founding Quality Production Management, LLC (QPM). QPM has flourished under the Quality Companies banner earning the Lafayette District MMS, S.A.F.E. award in 2009, and consistently rates among the top production management companies in Louisiana.
Traco Production Services, Inc., founded in 1987 by Tommy and Gaynell Allen, is an oil and gas service company located in Youngsville, LA. The company offers a complete line of new and refurbished ASME coded production equipment, separators, pressure vessels, instrument and electrical safety systems, complete dehydration systems along with many other critical oil and gas production components while providing professional installation and repair for most of the products it sells. Traco also provides valve repair and equipment maintenance services, ASME coded vessel fabrication and repair, as well as glycol unit cleaning and servicing along with a host of other production related services. Traco has established its excellent reputation by providing superior service and continually meeting and exceeding customer expectations. Kendall Allen, Traco’s Vice President of Production, sees many new opportunities by joining the Quality Companies, adding "This move with Quality Companies gives us all more diversification in the oil and gas industry making us much stronger….We are all very proud to be joining such a fantastic organization”
Quality Companies cofounder, Nathan Granger, commented that the similar management philosophies and business models of Quality and Traco should facilitate a seamless integration of services. Granger expects the Traco addition will immediately enhance the growth potential of all of the Quality Companies and anticipates the organization will eclipse the 100 Million Dollar revenue mark within 3 to 5 years. Granger says, "There’s no doubt the Traco addition provides further opportunities for QCP and QPM and vice versa. Although I am not a huge fan of the term, Quality Companies will truly be a "one stop shop” for many of our clients. We’re now fully capable of servicing the complete production services needs of our clients from fabrication to installation, maintenance, and operation…”
Troy Collins, Quality Companies President and cofounder, is also enthusiastic about the Traco addition adding that, "it was nice to finally get the deal wrapped up today so that we can get to work building our new facility. There’s not a doubt in my mind that this deal enhances the ability of all of our companies to meet the diversified needs of our clients. As someone with firsthand knowledge of being shortchanged in a buyout, I am completely committed to Traco and ensuring that all parties involved in this acquisition achieve maximum return.”
Quality Companies will consolidate operations at Traco’s existing 14 acre facility on Griffen Road in Youngsville, LA where it plans to build state of the art fabrication and paint facilities, as well as a 12,000 square foot corporate headquarters. Construction is slated to begin in late April with completion projected before January 1, 2012.