The Hendrix Group

Name

The Hendrix Group

Legal name

The Hendrix Group, Inc.

Website

https://hghouston.com

Company type

Private

Founded year

1990

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Metallurgical Engineering & Corrosion Consulting

NAICS

Engineering Services (54133), Testing Laboratories and Services (54138), Management, Scientific, and Technical Consulting Services (5416)

SIC

Services-Engineering Services (8711), Oil & Gas Field Services, Nec (1389)

akta.pro primary industry

Reliability, Safety & Risk Engineering (RAMS/PSM) Consulting (BPAHAIAK)

akta.pro secondary industry

Inspection, Integrity & Testing Services (NDT, Well Integrity, Corrosion, QA/QC) (EUALABAO)

Keywords

• Metallurgical engineering consulting
• Corrosion analysis services
• Risk-based inspection
• Asset integrity management
• Failure analysis consulting

Headquarters

HQ city

Houston

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Professional Consulting Services: Core revenue stream from specialized metallurgical engineering and corrosion consulting services including corrosion studies, risk-based inspection implementation, failure analysis, fitness-for-service assessments, materials consulting, and capital project services for industrial clients.
2. Online Tools and Calculators: Subscription-based access to online process and corrosion calculators. Initially free for registered users, with free subscription for Ammonium Salt Deposition Temperature calculations.
3. Software Licensing (T-OCA RBI): Revenue from reselling T-OCA RBI software licenses as a licensed reseller, integrated with risk-based inspection implementation services.
4. Education and Training: Revenue from online piping classes and education courses offered by the company.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

The Hendrix Group is a metallurgical engineering and corrosion consulting firm that provides asset integrity services to industrial clients in refining, petrochemical, oil and gas, chemical, and pulp and paper sectors. Core offerings include risk-based inspection implementation (using licensed T-OCA RBI software), corrosion control documents, integrity operating windows, fitness-for-service assessments, failure analysis, materials consulting, capital project engineering, laboratory testing, and legal/expert-witness consulting. The firm also provides free online process and corrosion calculators and licensed RBI software to extend its technical reach globally.

Product overview

The Hendrix Group is a metallurgical engineering consulting company offering a portfolio of asset integrity services including corrosion studies, corrosion control documents (API RP 970), risk-based inspection (API RP 580) using T-OCA RBI software, integrity operating windows (API RP 584), fitness-for-service assessments (API RP 579), failure analysis, and laboratory testing. The company also provides online process and corrosion calculators covering sulfidic corrosion, ammonium salt deposition, water dewpoint, HTHA, NACE regions, and various solubility calculations. The T-OCA RBI Software (licensed) and SpecMan Database (acquired) are integrated into their service offerings. Their services are used by Fortune 500 companies in refining, oil and gas, chemical, and petrochemical industries.

Differentiator

Problem solved

Functional benefit

Brands

• T-OCA RBI Software: Risk-based inspection software acquired for RBI implementation services
• SpecMan Database

Products and services

• Risk-Based Inspection (RBI) Implementation Risk-based inspection program development and implementation services delivered using the licensed T-OCA RBI software, covering fixed equipment, piping, valves, rotating equipment, fired heaters, and furnaces. Provided to enterprise industrial clients in refining, petrochemical, oil and gas, and chemical sectors.
• Corrosion Control Documents

Quantifiable outcome

• Thousands of Asset Integrity Projects conducted for Fortune 500 companies
• +3 more outcomes

Named customers10 records

Segments5 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered core.

• T-OCA SoftwarecoreTechnology or Integration · 9 August 2013The Hendrix Group acquired rights as a licensed user and reseller of T-OCA RBI software. This enables The Hendrix Group to offer full-service risk-based inspection program development and implementation services using T-OCA as a software solution for risk and inspection management of client assets. T-OCA is uniquely adept at managing RBI programs for fixed equipment, piping, valves, rotating equipment, fired heaters, and furnaces with flexibility for custom configurations.
• SpecmancoreTechnology or IntegrationThe Hendrix Group acquired the Specman database for piping class development and planned to put it online. SpecMan is a unique database product to streamline development of piping classes and generate files needed for setup of 3D-CADD piping design and process unit modelling software.

Scale indicators7 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Structural Integrity Associates: Boutique engineering consultancy providing fitness-for-service, fracture mechanics, materials and corrosion consulting to power, petrochemical and oil & gas operators. Closest comparability in service mix (FFS, FFS-API 579, materials, failure analysis) and customer profile (refining/petrochem asset owners).
• Stress Engineering Services: Materials, mechanical testing and failure analysis firm serving oil & gas, refining and petrochemical clients. Directly comparable as a specialty engineering consultancy combining laboratory testing, failure analysis, and consulting under one roof.
• MISTRAS Group: Asset integrity solutions provider offering inspection, NDT, monitoring and RBI services to oil & gas, petrochem and power. Closely comparable on risk-based inspection and asset integrity delivery, though larger and more vertically integrated into field NDT than HGI.
• Rosen Group: Integrity solutions provider for pipelines, tanks and process equipment, including in-line inspection, integrity engineering, and failure analysis. Comparable in integrity-management focus on oil & gas assets, especially pipeline operators that overlap with HGI's customer base.

Broad incumbents

• Kiefner and Associates (Applus+): Pipeline integrity and failure-analysis consultancy now part of Applus+, providing fitness-for-service, root-cause failure analysis, and pipeline risk management. Highly comparable technical scope; broader corporate parent and larger delivery footprint than HGI.
• DNV: Global assurance and risk-management firm with deep asset integrity, RBI, and materials/corrosion practices serving oil & gas, maritime and energy. Overlapping technical methodologies (RBI per API 580/581) but much broader service portfolio and geographic reach.
• Intertek: Global TIC company offering asset integrity management, materials testing, inspection and RBI to oil & gas, petrochemical and chemical operators. Comparable end markets and adjacent technical services; significantly larger and more diversified than HGI.
• Element Materials Technology: Global materials testing, failure analysis and calibration services provider serving aerospace, energy and industrial markets. Comparable laboratory testing and failure analysis capabilities, though at much greater scale and breadth than HGI's in-house lab.
• Applus+: Testing, inspection and certification group with significant asset integrity and RBI capabilities in energy and industrial markets. Competes with HGI for enterprise asset integrity work; broader geographic and service footprint.
• TÜV SÜD: Global TIC and industrial asset management provider offering integrity, corrosion, RBI and fitness-for-service services to process and power industries. Comparable technical domain at much larger scale and with global delivery infrastructure.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/the-hendrix-group-inc

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about The Hendrix Group