AFGlobal Corporation

Background

AFGlobal Corporation, headquartered in Houston, Texas, is a privately-held company specializing in providing technologies, products, and services to the oil and gas industry. Established in 1985, the company has expanded its offerings to include the power generation, aerospace, transportation, and industrial markets. AFGlobal's mission is to deliver innovative, high-quality solutions that meet the evolving needs of its diverse clientele.

Key Strategic Focus

AFGlobal's strategic focus encompasses:

Oil and Gas Industry: Delivering advanced technologies and services, including managed pressure drilling, engineered connections, integrated subsea systems, compression solutions, engineered bolting, pressure pumping, and forged connectors and components.

Power Generation: Offering products and services that support efficient and reliable power generation operations.

Aerospace and Industrial Markets: Providing precision-engineered products and services tailored to the specific requirements of these sectors.

The company leverages its fully integrated manufacturing capabilities and a global network of over 20 facilities to serve clients worldwide.

Financials and Funding

AFGlobal has demonstrated financial growth through strategic investments and funding:

Funding History: In December 2012, AFGlobal was acquired by First Reserve and Stellex Capital Management.

Revenue: As of November 2024, the company's annual revenue reached $35 million.

Technological Platform and Innovation

AFGlobal distinguishes itself through its technological platforms and innovations:

Energy Solutions: Launched in January 2019, this group addresses the power needs of oil and gas and industrial customers, focusing on sustainable energy solutions.

Aerospace Certifications: In November 2015, AFGlobal's Steel Industries facilities in Michigan received AS9100 Rev C certification, enhancing the company's position in the aerospace market.

Leadership Team

AFGlobal's leadership team comprises experienced professionals:

Curtis Samford: President and Chief Executive Officer.

Steve Tuozzo: Chief Financial Officer.

William Walker: Vice President, Business Development, Advanced Drilling Systems.

Herb Sherwood: Vice President, Sales Marketing.

Competitor Profile

AFGlobal operates in a competitive landscape with several key players:

Weatherford International: A global provider of equipment and services for the oil and gas industry, headquartered in Houston, Texas.

Superior Energy Services: Offers specialized oilfield services and equipment, also based in Houston, Texas.

NOV Inc.: Provides equipment and components used in oil and gas drilling and production operations, headquartered in Houston, Texas.

Strategic Collaborations and Partnerships

AFGlobal has engaged in strategic collaborations to enhance its market position:

Dril-Quip Partnership: In September 2019, AFGlobal assumed operational responsibility for Dril-Quip's forging operations in Houston, expanding its capabilities in open- and closed-die forging and ring rolling.

Operational Insights

AFGlobal's strategic considerations include:

Vertical Integration: Offering a comprehensive range of services from forging to machining, assembly, and testing, providing clients with streamlined supply chain solutions.

Global Presence: Operating over 20 facilities worldwide, enabling the company to serve a diverse client base effectively.

Strategic Opportunities and Future Directions

AFGlobal's future directions involve:

Sustainable Energy Solutions: Expanding its Energy Solutions group to address the growing demand for sustainable and efficient energy technologies.