Reflection – 100th Anniversary
(Far Right: Louis M. Pearce Sr.)
Can you share with us the significance of reaching the 100-year milestone for our company?
Few businesses have attained this milestone or embody the characteristics of a fourth generation, privately owned company that has operated for such an extended duration. In a youthful nation like the USA, maintaining operations for a century signifies a notable achievement. Despite the various challenges faced by the oil and gas sector, WPI has successfully sustained its presence since 1924.
Looking back on the history of our company, what were some of the key moments or milestones that have shaped where we are today?
Several pivotal moments and milestones have profoundly influenced our current position:
i. WPI’s pioneering introduction of the diesel and gas engine into the Drill Rig Industry in 1924
ii. The expansion into Oklahoma in 1971
iii. The acquisition of POI Parts & Service in 1988
iv. Construction of our state-of-the-art Remanufacturing Center in 2010
v. The expansion to the remainder of the lower 48 in 2011
vi. Our expansion into Canada in 2016 and later into Alaska
vii. The acquisition of Memorial Machine in 2023
i. WPI’s pioneering introduction of the diesel and gas engine into the Drill Rig Industry in 1924
ii. The expansion into Oklahoma in 1971
iii. The acquisition of POI Parts & Service in 1988
iv. Construction of our state-of-the-art Remanufacturing Center in 2010
v. The expansion to the remainder of the lower 48 in 2011
vi. Our expansion into Canada in 2016 and later into Alaska
vii. The acquisition of Memorial Machine in 2023
As we approach our 100th anniversary, what do you believe are the core values or principles that have helped us sustain our business for such a long time?
Our foremost focus is on our employees and customers, dedicating our complete attention to them. Since our inception, our guiding principle has been centered on doing right by the customer, ensuring their utmost care. Embracing the significance of adapting to evolving times, we integrate new technologies and enhance efficiency to align with the shifting business terrain. We acknowledge that remaining relevant and thriving necessitates avoiding the stance of a company tethered to the past.
How has our company adapted to changes in the industry or market trends over the past century? In what ways has our company remained innovative and forward-thinking throughout its history?
At WPI, our ongoing quest involves sourcing products and services that enrich our current portfolio, enabling us to provide customers with a diverse range of options. Our primary focus is on forming partnerships with top-tier companies within the industry, fostering strong alignment and cooperation to deliver the finest products and services available. Reinvesting in our business stands as a fundamental practice, guaranteeing ongoing enhancement and expansion. Moreover, we extend our operations to locations tailored to the specific requirements of our customers, particularly targeting areas situated atop shale plays.
Finally, what message would you like to share with our employees, clients, and stakeholders as we commemorate this significant moment in our company’s history?
The Pearce family and our team are committed to responsibly and efficiently supporting the Oil & Gas industry. Our steadfast principles concerning employee welfare and customer service have remained constant and will serve as our compass for the next century. Present-day employees and leadership bear the responsibility of maintaining our legacy for future generations and ensuring the enduring strength of our business beyond our tenure.
I am thrilled and filled with anticipation as we look forward to spring, where we will come together to celebrate the remarkable milestone of our 100th anniversary!