Company Overview

McCoy Global Inc. is a Canada-based industrial company that designs, manufactures, and services equipment and technologies primarily for the oil and gas and industrial infrastructure sectors. The company is best known for its specialized solutions used in oilfield tubular handling, well construction, and pipeline and tubular inspection, serving upstream energy producers, drilling contractors, and industrial operators. Its revenue is driven mainly by the sale of capital equipment, aftermarket services, rentals, and technology-enabled solutions that enhance safety, efficiency, and data visibility in heavy industrial operations.

Founded in the early 20th century, McCoy Global evolved from a regional manufacturing business into a global supplier of niche oilfield and industrial technologies. Over time, it expanded its product portfolio through internal development and acquisitions, shifting from purely mechanical tools to digitally enabled and automated systems. The company positions itself as a safety-focused and technology-driven provider with deep domain expertise in tubular operations, which management has consistently highlighted as a core competitive advantage.

Business Operations

McCoy Global operates through two primary business segments: Energy Products and Industrial Products. The Energy Products segment focuses on equipment and services used in drilling and well construction, including tubular handling, power tongs, casing running tools, and digital solutions that support safer and more efficient rig operations. Revenue in this segment is generated through equipment sales, rentals, and recurring service and maintenance contracts.

The Industrial Products segment serves non-oilfield markets, providing technologies for tubular inspection, measurement, and handling used in infrastructure, manufacturing, and pipeline-related applications. McCoy Global maintains engineering, manufacturing, and service capabilities, supported by proprietary technologies and field service teams. The company operates through several subsidiaries, including McCoy Drilling Machinery, Frank’s International (Tubular Handling product lines acquired by McCoy), and TRS (Tubular Running Services), which together support both domestic and international operations.

Strategic Position & Investments

McCoy Global’s strategy centers on disciplined capital allocation, technology differentiation, and expansion of recurring revenue streams. The company has invested in automation, digital data capture, and software-enabled solutions designed to reduce manual handling risks and improve operational visibility for customers. These initiatives align with industry-wide trends toward safety, efficiency, and data-driven decision-making.

A major strategic milestone was the acquisition of Frank’s International’s Tubular Handling business, which significantly expanded McCoy Global’s installed base, intellectual property portfolio, and global customer relationships. The company continues to invest in product development and selective acquisitions while maintaining a focus on balance sheet strength and return on invested capital. Emerging areas of focus include advanced sensing, data analytics, and applications that extend beyond traditional oil and gas markets.

Geographic Footprint

McCoy Global is headquartered in Canada, with significant operations in North America, particularly Canada and the United States, which together represent its largest revenue-generating regions. The company also maintains a presence in key international energy markets across Latin America, the Middle East, Europe, and parts of Asia-Pacific, supporting both national and international oil companies.

International operations are supported through regional service centers, manufacturing facilities, and strategic partnerships that allow McCoy Global to provide localized support while leveraging centralized engineering and technology development. This global footprint enables the company to participate in major energy-producing basins and infrastructure markets worldwide, while mitigating regional cyclicality through geographic diversification.

Leadership & Governance

McCoy Global is led by an executive team with extensive experience in industrial manufacturing, energy services, and technology-driven operations. Leadership emphasizes operational discipline, safety culture, and long-term value creation, with governance practices aligned to public company standards in Canada and the United States.

Key executives include:

• Jim Rakievich – President & Chief Executive Officer
• Brad Webb – Chief Financial Officer
• Mark A. Gorman – Senior Vice President, Operations
• Andrew McKay – Vice President, Technology & Innovation
• Julie Sweeting – Vice President, Human Resources & Corporate Services

The leadership team’s strategic vision focuses on strengthening McCoy Global’s position as a niche technology leader, expanding high-margin services, and maintaining financial resilience through industry cycles.