Matrix PDM Engineering

What Matrix PDM Engineering does

Matrix PDM Engineering is an operating company of Matrix Service Company (publicly traded on US exchanges under ticker MTRX), a specialty engineering, procurement, fabrication, construction, and maintenance contractor headquartered in Tulsa, Oklahoma. Founded in 1984 as a tank company operating from four desks in a garage, the consolidated group has grown to more than 2,000 employees organized across four wholly-owned operating companies that report as one under three operational segments: Utility and Power Infrastructure, Process and Industrial Facilities, and Storage and Terminal Solutions. The firm serves enterprise customers in energy, low-carbon, power and utilities, and industrial markets across North America, with approximately 90% of revenue derived from repeat clients.

The company's offering spans the full project lifecycle — from front-end engineering design (FEED), conceptual design, seismic preparedness, modular construction, and procurement through construction of cryogenic and refrigerated tanks, spheres, specialty vessels, aboveground storage tanks, bulk and liquid terminals, natural gas processing facilities, power distribution assets, thermal energy storage, and sulfur recovery units — and continues into routine maintenance, turnarounds, API 653 repair, storm response, and emergency repairs. Layered on top of the services portfolio is a set of proprietary tank-product brands: FlowDome™ geodesic domes, CryoDeck cryogenic decks, SwingMaster™ joints, internal floating roofs, floating suction and skimmer systems, floating roof drain systems, leg boots, and floating roof seals. In-house fabrication covers plate, pipe, structural, and vessel components.

Matrix generates revenue primarily through project-based, quote-priced EPC and construction contracts on multi-year engagement cycles, supplemented by professional services fees for engineering and maintenance work and by hardware sales of proprietary tank products. The go-to-market is direct enterprise field sales targeting large customers such as BP Cherry Point, Saudi Aramco, Orascom, Cheniere/Bechtel, Eagle LNG, TransCanada, PSEG Power, and Fortigen Geneva. Pricing is not publicly disclosed; contracts are bid on a project-specific basis. The company positions itself around safety-focused execution, integrated FEED-through-maintenance capability, 24/7 emergency response, and recognized industry credentials including Engineering-News Record top-tier contractor status, Forbes' Most Trustworthy Public Companies, and consecutive Great Place to Work certification.

Name

Matrix PDM Engineering

Legal name

Matrix Service Company

Website

https://matrixpdm.com

Company type

Public

Founded year

1984

Operating status

Operating

Headcount range

101–250 employees

Short description

Matrix PDM Engineering is a specialty engineering, procurement, fabrication, construction, and maintenance contractor serving enterprise customers in energy, low-carbon, power, and industrial markets across North America, and is an operating company of publicly traded Matrix Service Company (MTRX).

Ownership category

akta.pro rank

Product category

Industrial Engineering and Construction Services

NAICS

Power and Communication Line and Related Structures Construction (237130)

SIC

Sheet Metal Work (3444), General Industrial Machinery & Equipment (3560)

akta.pro primary industry

Construction Management & Delivery (EPCM/CMAR/Design-Build Oversight) (EUANALAE)

akta.pro secondary industry

Modular/Offsite General Contracting & Installation (IMAFAAAK)

Keywords

• Engineering procurement construction
• Storage tank solutions
• Cryogenic tank fabrication
• Industrial maintenance services
• LNG facility construction

Headquarters

HQ city

Tulsa

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. EPC Services: Engineering, procurement, and construction services for major infrastructure projects including storage solutions, terminals, power plants, gas processing, and industrial facilities. Revenue is project-based with multi-year engagement cycles.
2. Engineering and Design Services: FEED services, conceptual design, feasibility studies, seismic preparedness, facility upgrades, modular construction, procurement, and controls/automation services.
3. Construction Services: Construction of cryogenic/refrigerated tanks, spheres, specialty vessels, aboveground storage tanks, bulk terminals, liquid terminals, natural gas processing, power distribution, thermal energy storage, and sulfur recovery facilities.
4. Maintenance Services: Routine maintenance, turnarounds, API 653 repair and maintenance, terminal and plant maintenance, storm response, and emergency repairs for refinery and industrial facilities.
5. Tank Products: Sale of proprietary tank products including FlowDome geodesic domes, internal floating roofs, CryoDeck, floating suction systems, SwingMaster joints, leg boots, and floating roof seals/drain systems.
6. Fabrication: Fabrication services for plate, pipe, structural, and vessel components for industrial applications.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Matrix PDM Engineering, an operating company of Matrix Service Company (MTRX), provides specialty engineering, procurement, fabrication, construction, and maintenance services for critical infrastructure in the energy, industrial, and power markets. Its scope spans FEED and conceptual design through EPC project delivery, complemented by proprietary manufactured tank products including FlowDome geodesic domes, internal floating roofs, CryoDeck systems, SwingMaster joints, and floating roof seals.

Product overview

Matrix Service Company is a specialty engineering and construction firm operating under multiple operating companies (including Matrix PDM Engineering) that provides integrated infrastructure solutions across three operational segments: Utility and Power Infrastructure, Process and Industrial Facilities, and Storage and Terminal Solutions. The company offers a comprehensive portfolio spanning EPC services, fabrication, engineering and design, construction, and maintenance, complemented by proprietary tank products including FlowDome™ Geodesic Domes, Internal Floating Roofs, CryoDeck, Floating Suction and Skimmer Systems, Floating Roof Drain Systems, SwingMaster™ Joints, Leg Boots, and Floating Roof Seals. The product portfolio includes both service offerings (EPC, engineering, construction, maintenance, fabrication) and manufactured tank products and components. The company reports combined performance of its four operating companies under the MTRX ticker, serving energy, low carbon, power and utilities, and industrial markets across North America.

Differentiator

Problem solved

Functional benefit

Brands

• FlowDome™: Geodesic domes for storage tank solutions
• CryoDeck
• SwingMaster™
• Matrix Tank Products

Products and services

• FlowDome™ Geodesic Domes Geodesic dome systems for aboveground storage tanks that provide environmental protection and emissions control. Sold to storage terminal operators and refiners.
• Internal Floating Roofs Floating roof systems installed inside aboveground storage tanks to reduce vapor losses and environmental emissions. Sold to refinery and bulk terminal operators.
• CryoDeck Deck systems designed for cryogenic storage tanks handling liquefied gases at extremely low temperatures. Sold to LNG and cryogenic storage facility developers and operators.
• Floating Suction + Skimmer Systems Systems that collect product from the surface of storage tanks, removing water and contaminants. Sold to terminal operators and refiners.
• Floating Roof Drain Systems Drainage systems for floating roof tanks that manage rainwater accumulation on the roof surface. Sold to terminal and tank farm operators.
• SwingMaster™ Joints Flexible pipe joints for tank applications that accommodate thermal expansion and movement. Sold to tank and floating roof installers.
• Leg Boots Protective components for storage tank internal floating roof legs that prevent product leakage. Sold to tank operators and contractors.
• Floating Roof Seals Sealing systems for the gap between floating roofs and tank walls to minimize vapor emissions. Sold to terminal operators and refiners.
• EPC Services Engineering, Procurement, and Construction services covering storage solutions, terminals, power and utility plants, gas processing, industrial facilities, and carbon capture infrastructure. Sold to enterprise energy, utility, and industrial clients on a project basis.
• Engineering + Design Front-End Engineering Design (FEED), conceptual design, feasibility studies, seismic preparedness, facility upgrades, modular construction, procurement, and controls/automation services. Sold to enterprise infrastructure owners and developers.
• Construction Services Construction services for cryogenic and refrigerated tanks, spheres and specialty vessels, aboveground storage tanks, bulk and liquid terminals, natural gas processing facilities, power distribution systems, thermal energy storage, thermal vacuum chambers, and sulfur recovery processing. Sold to enterprise clients on a project basis.
• Maintenance Services Routine maintenance, turnarounds, API 653 repair and maintenance, terminal and plant maintenance, storm response, and emergency repair services. Sold to refinery, terminal, and industrial facility operators.
• Fabrication Fabrication services covering plate, pipe, structural, and vessel components for industrial applications. Sold to EPC contractors and industrial project owners.

Quantifiable outcome

• Approximately 90% of revenue comes from repeat customers
• +2 more outcomes

Named customers9 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Quanta Services, Inc. Leading infrastructure construction firm specializing in electric power, oil & gas, and renewable energy, directly comparable in substation, power distribution, and energy infrastructure work performed by Matrix.
• Jacobs Solutions Inc. Global professional services and engineering construction firm serving energy, power, and industrial end-markets with overlapping capabilities in EPC, FEED, maintenance, and critical infrastructure consulting.
• Fluor Corporation: One of the world's largest EPC firms with deep energy, refining, petrochemical, and power generation portfolios, competing head-to-head with Matrix on large-scale storage, terminal, gas processing, and power projects.
• KBR, Inc. Global engineering, procurement, construction, and technology solutions provider with significant overlap in energy (LNG, hydrogen, ammonia), refining, and industrial infrastructure EPC, directly competing for the same enterprise customers as Matrix Service Company.
• Sterling Infrastructure, Inc. Infrastructure solutions provider with segments in transportation, e-infrastructure, and building services, comparable in scale and business model to Matrix's specialty infrastructure construction operations.
• Primoris Services Corporation: Specialty construction and infrastructure services provider with energy, utility, and industrial segments, comparable to Matrix in storage terminals, power, and pipeline construction.
• EMCOR Group, Inc. Provider of electrical and mechanical construction, industrial, and facilities services to energy, utility, and industrial clients, comparable to Matrix in industrial maintenance, fabrication, and mechanical specialty contracting.
• MasTec, Inc. Infrastructure construction company serving power, oil & gas, communications, and clean energy markets, with overlapping capabilities in power infrastructure, pipeline, and energy-related construction services.

Emerging players

• Team, Inc. Provider of specialty industrial services including inspection, mechanical integrity, and maintenance to the energy and process industries, comparable to Matrix's maintenance, turnaround, and API 653 repair services.

Broad incumbents

• Granite Construction Incorporated: Larger diversified heavy civil and infrastructure construction firm with exposure to energy, power, and industrial infrastructure markets; broader in scope but overlaps with Matrix's industrial and infrastructure work.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/matrix-pdm

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

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 Matrix PDM Engineering