Bureau Veritas has signed an agreement to acquire Houston-based oil and gas services firm TH Hill.
TH Hill, which provides oil and gas drilling failure prevention and analysis services, has more than 250 employees and reported gross revenue of approximately $47 million in 2011, according to a March 20 statement from Paris-based Bureau Veritas.
Financial terms of the deal were not disclosed. Once the acquisition is complete in April, Bureau Veritas will have 3,300 employees in the U.S.
"All of us at TH Hill are excited to be joining a global leader in the oil & gas conformity assessment market," TH Hill CEO Shawn Altizer said in the statement. "Bureau Veritas provides great opportunities for TH Hill and our employees, and our clients will benefit from the Bureau Veritas global network and the broad array of technical services that we can offer with our expanded platform."