Experts in Water and
Energy Pipeline Inspections

Company Background

Cypress In-Line Inspection, LLC was established to pursue investment opportunities focused on protecting the environment. We began researching the in-line inspection industry in 2016 with the assistance of an industry expert that was responsible for managing 30,000 miles of onshore and offshore pipelines. In-line inspection technology was rapidly changing over the years, and several acquisition opportunities we evaluated utilized outdated technology. In 2018, we identified an opportunity to acquire the majority of Stanford University Phd Dr. Phillip Hoyt’s company Electromechanical Technologies Inc.. We then assembled a world class team of professionals with decades of experience working for industry leaders to build upon Dr. Hoyt’s technology.

Our Company Leadership

Cypress In-Line Inspection, LLC is a family owned business. The Charles C. Stephenson Family in Tulsa, Oklahoma is the majority owner. The leadership has decades of experience in the energy and municipal water industries.

Peter C. Boylan III - Co-Founder, Chairman, Chief Executive Officer, and President of Cypress Environmental Holdings, LLC, (“CEH”) and Cypress In-Line Inspection, LLC (“Cypress ILI”). CEH was formed in 2012 and served as the General Partner of Cypress Environmental Partners L.P. a publicly traded master limited partnership from January 2014 through June 2022 prior to its acquisition by Argonaut Private Equity. Cypress ILI was formed in 2018. Previously, Mr. Boylan served as the Chairman & CEO of Boylan Partners, LLC, a private investment and advisory firm. From 1995 to 2004, Mr. Boylan served in a variety of senior executive management positions of various public and private companies controlled by Liberty Media Corporation, including serving as a board member, Chairman, President, Chief Executive Officer, Chief Operating Officer, and Chief Financial Officer of several different public and private companies. Mr. Boylan has also served on over a dozen other public and private company boards of directors over the last 25+ years. Mr. Boylan earned a B.B.A in Finance from Southern Methodist University.

Adrian Chavez – Vice President & General Manager of Cypress ILI. Adrian has over twenty-five years of experience in the in-line inspection industry. Adrian has held a number of positions of increasing responsibility including Vice President and Chief Operating Officer at other In-Line Inspection companies. Prior experience includes A.Hak Industrial Services, NDT Global, LLC, T.D. Williamson, SGS North America Inc. and GE/PII Pipeline Solutions in both the USA and Canada. Adrian earned a Bachelor of Science in Business Management from the University of Phoenix and an Associate of Science degree honor graduate in Electronic Systems Technology from the Community College of the Air Force. Adrian is bilingual and has his Six Sigma Black Belt.

Art Fox - Chief Mechanical Engineer – Municipal Water Cypress ILI - Art has worked in the In-Line Inspection industry for ~ two decades. Art attended Utah Technical College, and Salt Lake Community College (SLCC) where he received an Associates Degree in Pre-Engineering. He also earned a BS in Mechanical Engineering from Utah University. Art worked on the team that designed, manufactured, and implemented the world’s first MFL tool that can inspect municipal water mortar lined pipes. Art is a professor at SLCC teaching various engineering classes. Art is married to one of Dr. Phil Hoyt’s daughters Tammy.

Doug Hoyt – Director of Municipal Water Cypress ILI - Mr. Hoyt is the son of Dr. Phil Hoyt who was an ILI industry pioneer that founded our predecessor company. Dr. Hoyt earned his Phd at Stanford University and served as a professor. Doug attended the University of Wyoming receiving a B.S. in Personnel Administration. Doug later attended University of Wyoming law school and upon graduation, returned to Utah and became a member of the Utah Bar association and began practicing law. Doug began working with his father in in-line inspection ~ twenty years ago.

Charles C. Stephenson, Jr.– Co-founder of CEH, and Cypess ILI and majority owner. Mr. Stephenson has been involved in the oil and gas industry for over sixty years. Previously, Mr. Stephenson served as Chairman of the board of Premier Natural Resources, an independent oil and gas company of which he was a co-founder. Mr. Stephenson was also an owner of Regent Private Capital, LLC, and a co-founder and director of Growth Capital Partners, an investment and merchant banking firm. From 1983 to 2006, Mr. Stephenson founded and led Vintage Petroleum, Inc. serving as Chairman of the Board, President, and Chief Executive Officer until he decided to sell to Occidental Petroleum in 2006. Mr. Stephenson received a B.S. in Petroleum Engineering from the University of Oklahoma where he remains very active. Mr. Stephenson is a member of the Society of Petroleum Engineers and has served on the board of the National Petroleum Council. He and his wife founded the Charles & Peggy Stephenson Family Foundation and led the development of the University of Oklahoma Stephenson Cancer Center.”

Cynthia Stephenson - Is Co-founder and board member. Best, Peter C. Boylan III Chairman & CEO Cypress Environmental Holdings, LLC Cypress In-Line Inspection, LLC 5727 S. Lewis Avenue, Suite 300 | Tulsa, OK 74105 Phone: +1 918 748 3903 Fax: +1 918 748 3905 Email: pete@cypressenvironmental.biz Website: cypressili.com

Ms. Stephenson is also the founder, President, and CEO of CF Inspection, a Women’s Business Enterprise (“WBE”) certified by the Supplier Clearinghouse in California and Nationally by the Women’s Business Enterprise National Council. Ms. Field is the daughter of Charles C. Stephenson, Jr., one of our co-founders. Ms. Stephenson also serves as the Executive Director and a Trustee of the Charles & Peggy Stephenson Family Foundation and is a member of the Gilcrease Museum National Advisory Board.

Diversity

Many clients encourage supplier diversity, and some encourage the use of minority-owned businesses as suppliers. Our company is fully committed to Environmental, Health, and Safety excellence.

To achieve this standard of excellence, our company has implanted an EHS Management System. We based our process on the requirements and guidelines of OSHA and DOT PHMSA, as well as various state agencies that manage program requirements.

The EHSMS is designed to assist our company in preventing injury and pollution and compliance with all relevant local, state, and federal rules and regulations while applying best practices. We are committed to continual improvement of our EHS performance.

Committed to Safety

Our EHS department is based in the corporate office and operates under the belief that safety is defined as a judgment of the acceptability of risk associated with a work process in a given situation.

This means that it is everyone’s job to identify, communicate, and minimize risks in everything we do. We are driven by doing things safely and performing tasks the right way the first time.

Our company takes great pride in being an industry leader in safety performance through proactive engagement with employees and clients. The EHS metrics of our company demonstrate this effort by continually producing above-average results.

How We Maintain Safety

All of our safety training is provided by the company directly or by trusted third-party entities; these include JJ-Keller, the National Safety Council, and others. We utilize an in-house database record keeping/tracking system for all training provided.

We utilize ISNetworld’s database for easy client access and confirmation of each employee’s records along with required operator qualification records. Our team works diligently to provide the best training on methods and equipment to guarantee the safety of our employees and job sites.

Cypress falls under federal operator qualification mandates and has fully compliant safety and health, operator qualification, and drug and alcohol programs.

Ethical Practices

Ethics, honesty, and integrity are part of our core values and business philosophy. Respect for safety, our customers, regulations, and the environment are fundamental to our company culture.

With more than 300 years of combined leadership experience, our executive team has a very strong track record of success and a solid foundation of industry knowledge, expertise, and familiarity with the kind of leadership that creates success for all stakeholders.

Committed to Providing Quality Inspections

Through our historical lineage, our company has been involved in-line inspection of pipelines since the very beginning. We have been a pioneer in developing technological breakthroughs that have revolutionized the industry in both energy and water pipelines.

Our company has developed best-in-class ultra-high resolution MFL tools for the energy industry. Our unique capabilities to perform conditional assessments with MFL inspection of mortar-lined pipelines.

Using proven technology, we have successfully inspected more than 200 miles of large-diameter water distribution pipelines. Our technology center is in a purpose-built 20,000 R&D and operations facility in Salt Lake City, Utah.

Experts in Water andEnergy Pipeline Inspections