McCoy Global

Name

McCoy Global

Legal name

McCoy Global Inc.

Website

https://mccoyglobal.com

Company type

Public

Founded year

1914

Operating status

Operating

Headcount range

101–250 employees

Ownership category

akta.pro rank

Product category

Oilfield Equipment Manufacturing

NAICS

Oil and Gas Field Machinery and Equipment Manufacturing (333132)

SIC

Oil & Gas Field Machinery & Equipment (3533), Industrial Instruments For Measurement, Display, And Control (3823)

akta.pro primary industry

Hydraulic Components (Pumps, Motors, Cylinders) (IMAHAGAA)

Keywords

• Tubular running services
• Wellbore construction equipment
• Oilfield automation systems
• Torque monitoring technology
• Casing running tools

Headquarters

HQ city

Edmonton

HQ country

Canada

HQ region

North America

Offices6 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Supply Chain, Technology or R&D, Operations, Marketing or Sales

Revenue model

1. Equipment Sales: Sale of tubular running equipment including smartCRT, smartFMS, power tongs, torque monitoring systems, sensors, and control systems for wellbore construction.
2. SaaS Subscriptions: Subscription revenue from proprietary software including Virtual Thread-Rep (VTR) software and cloud-based monitoring platforms deployed with integrated casing running systems.
3. Parts & Consumables: Replacement parts, dies, inserts, and consumables for tubular handling and torque equipment across various OEM brands.
4. Service, Calibration & Training: Technical service, calibration, and training services for equipment maintenance and optimal performance.
5. Equipment Rental: Rental of specialized tubular running and handling equipment to customers needing temporary access to technology.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

McCoy Global designs, manufactures, and services smart tubular running services (TRS) equipment and wellbore construction tools for the global energy industry. The company's core offering centers on the smarTR™ Product Suite—an integrated smart system combining proprietary hardware (casing running tools, flush-mounted spiders, automated handling equipment) with cloud-based machine learning software (VTR™ Virtual Thread Rep) for autonomous tubular running operations. Supporting offerings include MTT® and WINCATT® torque turn monitoring systems, comprehensive lines of hydraulic power tongs, bucking units, hydraulic power units, sensors for harsh environments, and parts and consumables sold globally to E&P companies, drilling contractors, and oilfield service companies.

Product overview

McCoy Global provides a comprehensive portfolio of tubular running services equipment and digital technology solutions for the global energy industry. The product offering centers on the smarTR™ Product Suite, an integrated platform combining smart hardware (smartCRT™ casing running tools in hydraulic and mechanical variants, smartFMS™ flush-mounted spiders at 350 and 500 ton capacities), automated handling systems (Link Tilt System, Dynamic Bail Arms, Single-Joint Elevator, Tailing and Stabbing Arm), and cloud-based digital infrastructure. This smart system platform operates autonomously using proprietary machine learning algorithms to improve wellbore integrity, efficiency and safety. Supporting the smart platform is a broad portfolio of wellbore construction equipment including MTT® and WINCATT® torque turn monitoring systems, TTS data subs, VTR™ Virtual Thread Rep SaaS software, DWCRT™ casing running tools, and comprehensive power tong lines (CLE, HD, KT series) with torque capacities from 3,500 to 23,000 ft-lbs. The company also offers sensors for harsh environments (load sensors, tensiometers, angle sensors), control and monitoring systems (controllers, displays, crane monitoring, winch control), bucking units (RP series), hydraulic power units, dies and inserts, and the McCoy OnDemand e-commerce platform. Products serve oil and gas, telecommunications, utilities, and naval markets across 60+ countries.

Differentiator

Problem solved

Functional benefit

Brands

• smarTR™: Smart tubular running services product suite featuring automation and digital technology for well construction operations
• smartCRT™
• smartFMS™
• MTT®
• WINCATT®
• Virtual Thread-Rep™ (VTR™)

Products and services

• smarTR™ Product Suite A comprehensive smart system platform integrating automation and machine learning for autonomous tubular running operations, utilizing proprietary cloud-based data repository for real-time monitoring and control of casing running equipment. Winner of the Spotlight on New Technology Award at OTC 2025.
• smartCRT™ Hydraulic Casing Running Tool Smart hydraulic casing running tool with integrated sensors and automation for improved connection makeup efficiency in rig operations. Designed for automated tubular handling in wellbore construction.
• smartCRT™ Hydraulic External Smart hydraulic casing running tool with external configuration for automated tubular handling in wellbore construction operations.
• smartCRT™ Mechanical Casing Running Tool Smart mechanical casing running tool designed for automated tubular handling with consistency and safety in drilling operations.
• smartFMS™ 350 Ton Flush Mounted Spider Smart flush-mounted spider with 350-ton capacity for automated pipe handling and wellbore construction operations, featuring integrated sensors and monitoring.
• smartFMS™ 500 Ton Flush Mounted Spider Smart flush-mounted spider with 500-ton capacity for heavy-duty automated pipe handling in offshore and land drilling operations, featuring digital sensors and monitoring.
• Single-Joint Elevator (mSJE) Automated single-joint elevator for efficient handling and running of tubulars in wellbore construction, suitable for land and offshore operations.
• Tailing and Stabbing Arm (TSA) Automated arm system for precise tailing and stabbing operations during tubular running services.
• Link Tilt System Automated system for controlled pipe tilting operations during tubular running services, improving connection makeup efficiency.
• Dynamic Bail Arms Automated bail arm system for improved pipe handling efficiency and safety during drilling operations, designed to reduce rig time.
• MTT® Torque Monitoring & Turn Monitoring System Industry-leading torque turn monitoring system and data subs providing world-class connection integrity management for wellbore construction operations.
• WINCATT® Torque Turn System Comprehensive torque monitoring system for power tongs, bucking, and make/break units with real-time data acquisition.
• VTR™ Virtual Thread Rep Software Proprietary virtual thread representation software offered as a SaaS subscription, enabling digital visualization of thread engagement during casing operations for deep water offshore applications.
• TTS Data Sub with MTT™ Torque Turn Software Wireless torque sub integrated with MTT torque turn software for casing running tools, providing real-time connection data.
• DWCRT™ Casing Running Tool Drawworks Casing Running Tool for automated tubular handling in drilling operations, originally acquired through the Drawworks LP acquisition in 2019.
• AutoValve™ Mudsaver Valve Automated valve system for mud saver applications in tubular running operations.
• weTORQ™ 100 Electric wrench and spinner system for automated tubular makeup and breakout operations.
• weVERIFY II Torque Calibration Bar Torque calibration bar for verification and validation of torque monitoring systems.
• IRTT Iron Roughneck Torque Tester Iron Roughneck Torque Tester for calibration and testing of roughneck torque performance.
• CLE Series Power Tongs Comprehensive line of hydraulic power tongs (CLE3500, CLE5500, CLE7625, CLE8625, CLE14000, CLE22000) with various torque capacities for make-up and break-out operations.
• HD Series Power Tongs Heavy-duty hydraulic power tongs (HD8625, HD9625, HD26000, HD31000) for high-torque drilling applications.
• KT Series Power Tongs Power tongs with integrated backup and lift sections for comprehensive tubular handling operations.
• RP Series Bucking Units Complete line of bucking units (RP2109 through RP7022) with torque capacities from 6,500 to 105,000 ft-lbs for pipe make-up and break-out.
• Hydraulic Power Units Power units (PU2500, PU7560) providing hydraulic power for tongs and other equipment in drilling operations.
• Crane Monitoring System Load monitoring and safety systems for crane operations in harsh drilling environments.
• Winch Control System Automated winch control and monitoring systems for drilling operations.
• Load Sensors Instrumented load sensors including load pins, compression cells, tension links, and instrumented shackles for harsh environment monitoring applications.
• Tensiometers Tension measurement devices for monitoring load conditions in drilling and marine applications.
• Angle Sensors Sensors for measuring and monitoring angular position in harsh drilling environments.
• Portable Aircraft Digital Scale System (PADS) Digital weighing system for aircraft load monitoring in aviation applications.
• McCoy OnDemand E-commerce Platform E-commerce platform for ordering parts, consumables, and equipment with digital catalog access.
• Equipment Rental Services Rental of specialized tubular running and handling equipment to customers needing temporary access to McCoy's technology.
• Service, Calibration and Training Technical service, calibration, and training services for equipment maintenance and optimal performance, delivered with regional support contacts.
• Parts and Consumables Replacement parts, dies, inserts, and consumables for tubular handling and torque equipment across various OEM brands, including pipe handling tool dies and inserts.

Quantifiable outcome

• 40-50% reduction in makeup times reported by industry peer Expro's iTONG system
• +3 more outcomes

Named customers3 records

Segments7 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature10 records

Partnerships

Two partnerships are on record, tiered core.

• HMH (Hardware, Machinery & Handling)coreStrategic or Co-development Partner · 1 July 2025Collaboration with HMH and Expro to develop advanced automated tubular-handling systems for oil and gas rigs. HMH contributed the BD120 iron roughneck and triple catwalk system to the joint development of automated solutions incorporating sensors, AI, and cloud-based software for improved connection makeup efficiency.
• ExprocoreStrategic or Co-development Partner · 1 July 2025Strategic collaboration with HMH and McCoy Global to develop automated tubular-handling systems. Expro developed the iTONG system with iCAM AI achieving 40-50% reduction in makeup times and approximately $200,000 in cost savings per well, demonstrating industry-wide adoption of automation technologies.

Scale indicators6 records

Recent moves14 records

Expansion highlights5 records

Regional players

• Tenaris: Tenaris is a leading global manufacturer of seamless and welded steel tubular products with adjacent services for tubular running and connection integrity. While its core is tubular manufacturing rather than automation hardware, its Rig Direct® integrated services offering overlaps McCoy's wellbore construction customer base.
• Vallourec: Vallourec supplies premium tubular products and connection technologies for oil & gas, with growing services and digital offerings around well integrity. Its connection technology and well construction services partially overlap McCoy's wellbore construction equipment portfolio, particularly in EMEA.

Broad incumbents

• SLB (Schlumberger): SLB is a global oilfield services leader with drilling, completions, and digital offerings that include tubular running and well construction services. Its Cameron drilling tools and digital platforms compete with McCoy's smarTR™ and VTR™ across the same E&P and drilling contractor accounts.
• Baker Hughes: Baker Hughes supplies drilling and well construction equipment, including downhole and surface tubular running technologies. Its broad oilfield services portfolio and global footprint place it in competition with McCoy for rig automation and tubular running service contracts.
• Halliburton: Halliburton provides integrated drilling and well construction services globally, with drilling tools and digital offerings that overlap McCoy's tubular running equipment portfolio. Its scale and bundled service contracts put it in head-to-head competition on major rig automation projects.
• Weatherford International: Weatherford offers drilling, evaluation, and well construction products that include tubular running tools and automated drilling solutions targeting the same E&P and drilling contractor customers as McCoy. Its global service network and product breadth position it as a broad incumbent competitor.
• National Oilwell Varco (NOV): NOV supplies a broad portfolio of drilling rig components and automation equipment, including iron roughnecks and pipe handling systems that overlap with McCoy's casing running and torque monitoring offerings. NOV's scale across the well construction value chain makes it a recurring competitor on integrated rig tenders.

Direct peers

• Expro Group: Expro's iTONG automated tubular running system with iCAM AI directly competes with McCoy's smarTR™ platform and reports 40-50% reduction in makeup times and ~$200K per-well cost savings. Expro also acquired Frank's International, a legacy tubular running services provider, making it McCoy's closest functional competitor in automated casing running.
• Forum Energy Technologies: Forum Energy Technologies provides drilling and tubular running products, including tubular handling tools and drilling subsea equipment. Its product portfolio and customer base (drilling contractors, E&Ps) closely overlap McCoy's, making it a direct peer in tubular running services and well construction equipment.
• HMH (Harding McCoy Hudison, now part of Nabors): HMH's BD120 iron roughneck and triple catwalk system competes directly with McCoy's smartCRT and smarTR™ platform for rig-floor automation contracts, and is co-developing integrated solutions with McCoy — making HMH both a competitor and a strategic partner in automated tubular handling.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/mccoy-corporation_2

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

Funding overview

Funding rounds4 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about McCoy Global