Jefferies Capital Partners, Bourland & Leverich management, Edgen Murray and Edgen Murray management have formed an ownership group to acquire the assets of Bourland & Leverich Supply Co. Bourland & Leverich, based in Pampa, Texas, is one of the largest distributors of oil country tubular goods (OCTG) to the onshore upstream industry in North America, and Edgen Murray, based in Baton Rouge, La., is a leading global provider of specialty steel products for energy infrastructure markets.

The two companies will continue to operate separately, as each has an established and well-defined position in the active oil and gas drilling environment in the United States. While Bourland & Leverich supplies OCTG steel products to exploration and production companies, Edgen Murray provides line pipe, fittings and valves to the same customer group.

Bob Dvorak, president and CEO of Bourland & Leverich, adds, “Our customers will continue to experience the unparalleled service and world class product offering on which we have built our reputation.”

“Rick Leverich, as a third-generation owner, has built an admirable and extremely successful company staffed with the best people in the business,” says Dan O’Leary, a member of the investment group who will serve as chairman of both companies. “This is a perfect fit for our portfolio of companies that provides complete steel products and services to the global energy infrastructure industry.”