PTI is one of North America’s largest fully integrated suppliers of remote site services providing temporary and permanent workforce accommodations, food services, facility management, and water and wastewater services to resource industries worldwide. PTI is a subsidiary of Oil States International Inc.
Shareholder information – Oil States International
Based in Houston, Texas, Oil States International, Inc. is a diversified solutions provider for the oil and gas industry. With locations around the world, OSI is a leading manufacturer of capital equipment for deepwater production facilities and subsea pipelines, and a leading service provider to the oil and gas industry, including remote site accommodations, production-related rental tools, oil country tubular goods distribution and land drilling services. OSI is publicly traded on the New York Stock Exchange under the symbol OIS.
Visit Oil States International for more information.
History of PTI
Peace Trailer Industries Ltd., a family-owned business that provides rental housing to industrial clients, is officially incorporated on January 24 in Peace River, Alberta, realizing approximately $900,000 in sales in its first year.
Peace Trailer Industries merges with Hofam Catering to form PTI Group Inc., enabling the two companies to expand their product and service offerings, resulting in combined sales of approximately $15 million.
PTI acquires Travco Industrial Housing, thus significantly boosting its production capacity for modular housing units. Over the next few years, the company accepts several large workforce accommodations contracts, particularly in the upcoming oil sands region of northern Alberta. PTI also grows its operations at a global level, reaching as far as Siberia and Afghanistan.
PTI merges with Oil States Industries, HWC Energy Services and Sooner Pipe, LP to form Oil States International Inc., based in Houston, Texas. OSI lists its initial public offering on the NYSE on February 9, under the symbol OIS. Post merger, PTI continues its pattern of success, meeting – and often exceeding – growth targets.
Noble Structures is acquired, a veteran in the residential modular building market, which again allows the company to increase its capacity in order to match the expansion in the Alberta oil sands and to explore new growth areas in the United States and elsewhere.
We celebrate our 30th anniversary, the company is awarded a multi-year agreement project, opens another permanent oil sands lodge, forms another joint venture, acquires another company, as well as opening a sales office in the US.
We build Conklin Lodge, located in the heart of the Conklin SAGD play. PTI also formalizes and launches its company culture as The PTI Way.
We’re awarded two major contracts: field accommodations and catering for the DND during the Vancouver 2010 Winter Games, and a three-year agreement with Imperial Oil Ltd. to provide accommodations for Phase One of the Kearl oil sands project.
Expanding beyond North America, OSI acquires The MAC Services Group in Australia. Closely aligned in values and offering to PTI, The MAC experiences rapid growth.
We open Three Rivers Lodge in the Eagle Ford play, our second property in south Texas. With additional properties planned for the US, our clients and guests are experiencing the PTI difference when they work, stay and live with us.