Alterrus Helical Piles Company Profile

Background

Company Overview

Alterrus LLC, established in 2022 by Casey Palenshus, specializes in the design and installation of helical pile foundations. The company is headquartered in Magnolia, Texas, and operates across the United States, focusing on energy infrastructure projects. Alterrus offers comprehensive services, including in-house engineering, material supply, surveying, installation, welding, and as-built documentation. The company emphasizes safety, achieving a zero-incident record across more than 90,000 labor hours.

Mission and Vision

Alterrus is committed to providing innovative and reliable foundation solutions that prioritize performance and safety. The company's mission is to deliver turnkey services that meet the unique demands of each project, ensuring structural integrity and client satisfaction.

Industry Significance

In a short span, Alterrus has become a trusted partner for critical energy infrastructure projects, including those in the Permian Basin, Bakken, and Southwest regions. The company's focus on helical pile foundations addresses the industry's need for efficient and reliable deep foundation solutions, particularly in challenging soil conditions.

Key Strategic Focus

Core Objectives

Comprehensive Service Delivery: Alterrus aims to manage every aspect of foundation installation in-house, from design to execution, ensuring efficiency and reliability.

Safety Excellence: The company is dedicated to maintaining a zero-incident safety record, fostering a proactive safety culture on every job site.

Technological Advancement: Alterrus invests in advanced tools and technologies, such as high-torque hydraulic drives and digital logging systems, to enhance operational efficiency and safety.

Areas of Specialization

Energy Infrastructure: Specializing in oil and gas, power transmission, and renewable energy sectors, Alterrus provides foundation solutions tailored to the unique demands of each industry.

Key Technologies Utilized

High-Torque Hydraulic Drives: Enables the installation of up to 200 piles per day, enhancing project efficiency.

Digital Logging Systems: Captures real-time data to verify bearing capacity, ensuring foundation reliability.

Primary Markets Targeted

Oil and Gas: Including upstream, midstream, and downstream applications.

Power Transmission: Providing foundation solutions for transmission lines and related infrastructure.

Renewable Energy: Supporting the installation of solar arrays and other renewable energy facilities.

Financials and Funding

Funding History

Specific details regarding Alterrus's funding history, total funds raised, recent funding rounds, and notable investors are not publicly disclosed.

Utilization of Capital

The company has utilized its capital to expand operations, invest in advanced equipment, and enhance production capabilities. A recent example includes the establishment of a new 15,000-square-foot shop in Midland, Texas, aimed at increasing response times and lowering costs for field crews.

Pipeline Development

Key Projects

Reeves County, TX: Installation of screw piles for an 800-MWh Battery Energy Storage System (BESS), expediting the project schedule to meet end-user demand.

East Texas: Replacement of timber poles with helical piles for a 345-kV Transmission Upgrade, addressing challenges posed by soft soils.

Anticipated Milestones

Alterrus has secured significant bookings for the first quarter of 2025, surpassing total bookings for all of 2024. The company plans to hire additional field staff and engineers and will open a training yard near San Antonio for drill-rig operators and welders.

Technological Platform and Innovation

Proprietary Technologies

High-Torque Hydraulic Drives: Allows for rapid installation of helical piles, enhancing project efficiency.

Digital Logging Systems: Provides real-time data on bearing capacity, ensuring foundation reliability.

Significant Scientific Methods

In-House Engineering: Alterrus conducts comprehensive soil analyses to design optimal foundation solutions tailored to each project's unique conditions.

Safety Protocols: The company's "Goal Zero" initiative emphasizes proactive safety measures, contributing to its zero-incident record.

Leadership Team

Key Executives

Casey Palenshus: Founder and President of Alterrus LLC, with over a decade of experience in the helical pile industry.

Craig Dyson: Civil Engineering Consultant with 40 years of experience, providing expertise in foundation engineering.

Theresa Stolfi: Chief Operating Officer, overseeing daily operations and strategic initiatives.

Oscar Ferrero: Business Development Executive, responsible for expanding Alterrus's market presence.

Brian Wyche: Field Superintendent, managing on-site operations and ensuring project execution aligns with company standards.

Colton Gaither: Project Manager, coordinating project timelines and resources to ensure successful project delivery.

Jessie Rodriguez: Field Technician, providing technical support and ensuring quality control during installations.

Competitor Profile

Market Insights and Dynamics

The helical pile market is characterized by a competitive landscape with several key players offering similar foundation solutions. Companies such as Roterra Piling, Techno Metal Post, and Earth Contact Products provide helical pile products and services across North America.

Competitor Analysis

Roterra Piling: Offers a comprehensive range of foundation solutions, including helical piles, driven piles, and bored piling, with operations in both Canada and the United States.

Techno Metal Post: Specializes in helical pile solutions with a focus on residential and commercial applications, operating primarily in Canada.

Earth Contact Products (ECP): Provides a wide array of foundation products, including helical piles, with a strong presence in the United States.

Strategic Collaborations and Partnerships

Alterrus has engaged in strategic collaborations to enhance its service offerings and market reach. For instance, the company attended the RE+ 2025 Renewable Energy Event, aligning with its focus on renewable energy infrastructure.

Operational Insights

Alterrus differentiates itself through its comprehensive in-house service model, emphasizing safety and technological innovation. The company's zero-incident safety record and advanced equipment, such as high-torque hydraulic drives and digital logging systems, provide a competitive edge in the market.

Strategic Opportunities and Future Directions

Strategic Roadmap

Expansion of Service Offerings: Alterrus plans to broaden its service portfolio to include additional foundation solutions and related services.

Geographic Expansion: The company aims to extend its operations into new regions, leveraging its expertise in helical pile foundations.

Technological Advancements: Alterrus is committed to investing in research and development to enhance the performance and efficiency of its foundation solutions.

Future Business Directions

Alterrus is positioning itself to capitalize on the growing demand for reliable and efficient foundation solutions in the energy sector, particularly in renewable energy projects. The company's focus on safety, technological innovation, and comprehensive service delivery aligns with industry trends favoring turnkey solutions.