Setpoint Integrated Solutions, Inc. Market Research Report

Background

Company Overview

Setpoint Integrated Solutions, Inc. (Setpoint IS) is a leading provider of integrated solutions and services in the process control industry. Established in 1959, the company specializes in control valves, process automation equipment, relief valves, and industrial filtration. Headquartered in Baton Rouge, Louisiana, Setpoint IS operates across multiple locations, employing over 500 individuals.

Mission and Vision

Setpoint IS is committed to delivering value-added solutions for critical industrial applications, focusing on enhancing safety, reliability, and operational efficiency. The company's vision is to create value for customers, employees, and communities through data and digital transformation.

Industry Significance

With over six decades of experience, Setpoint IS has established itself as a trusted partner in the process control industry, serving sectors such as oil and gas, power, refining, chemical, and pulp & paper. The company's expertise in valve repair services, instrumentation, and process solutions has contributed to its reputation for excellence in the field.

Key Strategic Focus

Core Objectives

Setpoint IS aims to provide comprehensive process control solutions that enhance system efficiency and reliability. The company focuses on delivering high-quality products and services, maintaining strong customer relationships, and driving continuous improvement.

Areas of Specialization

The company's primary areas of specialization include:

Control Valves: Offering a range of control valves for various industrial applications.

Process Automation Equipment: Providing automation solutions to optimize industrial processes.

Relief Valves: Supplying safety relief valves to ensure system protection.

Industrial Filtration: Delivering filtration solutions to maintain process purity.

Key Technologies Utilized

Setpoint IS employs advanced technologies in valve automation, industrial instrumentation, and comprehensive repair services. The company also utilizes proprietary software tools like ValvKeep Viewer, which provides 24/7 access to valve status, real-time repair data, and complete valve life history.

Primary Markets Targeted

The company primarily serves the following markets:

Oil and Gas: Providing solutions for upstream, midstream, and downstream operations.

Power Generation: Offering services to enhance the efficiency and reliability of power plants.

Refining and Chemical: Supplying process control solutions to improve operational safety and performance.

Pulp & Paper: Delivering specialized solutions to optimize manufacturing processes.

Financials and Funding

Funding History

Setpoint IS is a subsidiary of Pon Holdings B.V., a Netherlands-based international trading and service organization. In July 2022, MiddleGround Capital, a private equity firm, acquired PVI Holdings, Inc., the parent company of Setpoint IS, W&O Supply, Inc., and A-T Controls, Inc.

Financial Performance

As of 2019, Setpoint IS reported a revenue of approximately $268.9 million. The company employs over 500 individuals across 12 locations, indicating a substantial operational scale.

Pipeline Development

Key Pipeline Candidates

Setpoint IS offers a comprehensive portfolio of products and services, including:

Control Valves: Various models designed for different industrial applications.

Relief Valves: Safety valves to protect systems from overpressure.

Automation Solutions: Actuation and control systems to enhance process efficiency.

Instrumentation and Filtration: Products to monitor and maintain process conditions.

Stages of Development

The company provides both new product distribution and remanufacturing services, ensuring a continuous supply of high-quality equipment. Additionally, Setpoint IS offers comprehensive repair and maintenance services to extend the lifecycle of industrial valves and instrumentation.

Target Conditions

Setpoint IS's products and services are designed to address various industrial challenges, including:

Process Optimization: Enhancing efficiency and reliability of industrial systems.

Safety Compliance: Ensuring systems meet industry safety standards.

Operational Downtime: Minimizing downtime through effective maintenance and repair services.

Anticipated Milestones

The company continues to expand its service offerings and geographic reach, aiming to strengthen its position in the Gulf Coast region and beyond. Strategic partnerships, such as the alliance with PROTEGO® in April 2024, are expected to enhance product offerings and customer service capabilities.

Technological Platform and Innovation

Proprietary Technologies

Setpoint IS has developed in-house software tools like ValvKeep Viewer, which provides 24/7 access to valve status, real-time repair data, and complete valve life history.

Significant Scientific Methods

The company employs advanced diagnostic techniques and proprietary software to monitor and manage valve performance, ensuring optimal operation and longevity.

Leadership Team

Executive Profiles

Jack Guidry: President and CEO of Setpoint IS, overseeing the company's strategic direction and operations.

Benjamin Davis: Vice President of Sales, responsible for driving sales strategies and customer relationships.

Aaron Delaup: Chief Financial Officer, managing the company's financial operations and strategic financial planning.

Cory Jones: Vice President of Operations, overseeing daily operations and service delivery.

Jeff Kelley: Vice President of Sales, focusing on sales strategies and customer engagement.

Michael Turner: Vice President of Human Resources, managing talent acquisition and employee development.

Jeff: Vice President of Commercial Strategy, responsible for commercial initiatives and market expansion.

Competitor Profile

Market Insights and Dynamics

The process control industry is characterized by a diverse range of companies offering various solutions for industrial applications. Key competitors include:

Kaman Automation: Provides automation solutions and services.

Gates: Offers industrial products and services.

Valco Instruments: Specializes in instrumentation solutions.

BS&B Safety Systems: Focuses on safety systems and solutions.

Spartan Controls: Provides process control solutions.

Competitor Analysis

Setpoint IS differentiates itself through:

Comprehensive Service Offerings: Providing both new product distribution and remanufacturing services.

Strategic Partnerships: Collaborations with leading OEMs to enhance product offerings.

Technological Innovation: Development of proprietary software tools for valve management.

Strategic Collaborations and Partnerships

Significant Collaborations

PROTEGO® Partnership: In April 2024, Setpoint IS announced a strategic alliance with PROTEGO®, a global leader in tank equipment and safety solutions. This partnership aims to enhance Setpoint IS's product offerings and service capabilities across the Texas Gulf Coast, Louisiana, Arkansas, and Mississippi markets.

Operational Insights

Strategic Considerations

Setpoint IS's strategic focus on comprehensive service offerings, strategic partnerships, and technological innovation positions it to effectively compete in the process control industry. The company's commitment to quality and customer service enhances its competitive advantage.

Strategic Opportunities and Future Directions

Growth Opportunities

Geographic Expansion: Leveraging strategic partnerships to enter new markets.

Product Diversification: Expanding the product portfolio to meet evolving customer needs.

Technological Advancements: Investing in research and development to drive innovation.

Future Objectives

Setpoint IS aims to strengthen its market position by enhancing service capabilities, expanding product offerings, and fostering strategic partnerships to deliver comprehensive solutions to its customers.