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Perma-Pipe International Holdings, Inc. (PPIH) is a global company specializing in the engineering, design, manufacture, and sale of specialty piping systems and leak detection systems. These products are used across industries such as oil and gas, district heating and cooling, and chemical transportation. PPIH operates globally with facilities in the United States, Canada, the Middle East, Egypt, and India, serving a diverse industrial and geographic customer base.
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Specialty Piping Systems and Coating - Manufactures pre-insulated and jacketed piping systems for district heating and cooling, oil and gas pipelines, and chemical transportation. Includes anti-corrosion coatings applied to steel pipes and fittings.
- Insulated and Jacketed District Heating and Cooling Systems - Distributes energy efficiently from central plants to multiple locations.
- Primary and Secondary Containment Piping Systems - Transports chemicals, hazardous fluids, and petroleum products safely.
- Oil and Gas Pipeline Coating and Insulation - Provides thermal insulation and anti-corrosion solutions for pipelines.
- Anti-Corrosion Coatings - Applies liquid and powder-based coatings to protect steel pipes and fittings.
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Products - Offers cables, leak detection systems, heat trace products, and other materials or goods not bundled with piping systems. Also includes standalone field services.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
David J. Mansfield ExecutiveBoard | President, CEO, and Director | N/A | David J. Mansfield has been the President and CEO of PPIH since November 8, 2016, and a Director since January 30, 2017. He has extensive experience in management, business development, and M&A. | View Report → |
Matthew E. Lewicki Executive | Vice President and CFO | N/A | Matthew E. Lewicki joined PPIH as Chief Accounting Officer on May 2, 2023, and became CFO on October 2, 2023. He is a CPA and has held significant roles in accounting and financial management. | |
David B. Brown Board | Director | CFO at Authentix, Inc.; Member of various professional organizations | David B. Brown has been a director of PPIH since 2015. He is the CFO at Authentix, Inc. and a member of several professional organizations, including NACD. | |
Robert J. McNally Board | Independent Director | Chief Growth Officer and EVP of Eco Material Technologies; Director of Summit Midstream Partners, LP | Robert J. McNally joined PPIH's Board as an independent director in February 2022. He has extensive knowledge of the oil and gas industry and corporate governance expertise. |
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Bayou Perma-Pipe Canada, Ltd. | 2016 | MFRI, Inc., via its subsidiary Perma-Pipe Canada, Inc., acquired the remaining 51% ownership of BPPC from Aegion Corporation on February 4, 2016 for $13.1 million CAD (approx. $9.6 million USD) in cash and debt, further strengthening its specialty piping systems focus. The deal included a detailed allocation of purchase consideration, additional costs, and a non-cash loss recognition, reflecting its strategic emphasis on expansion into new markets. |
Recent developments and announcements about PPIH.
8-K Filings
8-K Filing
·Feb 25, 2025, 9:56 PMFinancial ExhibitsRegulation FD DisclosureView full 8-K filing →Perma-Pipe expanded its board to 7 directors with the appointment of Jon C. Biro, age 58, effective March 4, 2025. He will serve on the Audit, Compensation and Nominating & Corporate Governance Committees.