Oil Field Products International Inc. (OPI) is a family and women-owned company established by Paul Tompkins and wife, Marilyn Tompkins, in 1997. Paul has been in the manufacturing business for over 40 years. OPI primarily manufactures tools to grab and turn pipe in the oilfield. Paul was able to secure a US Patent for his drill pipe spinner tool which effectively grabs and spins pipe – creating a built-in cheater bar solution previously unavailable. 30 OPI spinners now span the globe, and they also create the dies to grab pipe in-house.
Paul and Marilyn were previously renting space in the Kyle area near Austin, TX. With the rising cost of space, the duo grew increasingly interested in owning their own property. Through a recommendation from a neighboring business and friend, Paul was connected with SVP of Lending, Gary Mobbs. When they identified the property, Paul recognized it was slightly out of the norm and discussed the potential with Gary in detail. The structure included a roof and slab, but no existing sides, and sat on a 2-acre piece of land previously used for watermelon farming. A preferred SBA lender, SouthStar Bank was able to structure an SBA 7a loan to meet the needs of OPI including working capital, property purchase and construction to retrofit the building.
“Gary is a banker, but he offers so much more,” says Paul. “I have found good bankers have the ability to draw upon their broad experience in working with many businesses. Gary is able to take that knowledge and share it with other SouthStar Bank customers, like me. He provided valuable information to help me make a solid business decision.”
During the move, OPI was able to move their large equipment into the building before constructing the walls and retrofitting it to their needs. OPI now operates out of the new climate-controlled facility with plans to expand, paying only a quarter of what they were previously committing to rent each month.
The move came at an ideal time and OPI continues to thrive. “I could not have done it without SouthStar Bank and obtaining an SBA loan,” says Paul. He and Marilyn hope to expand into additional industries like the pipeline and the HDD markets.
A family-run business, Paul and Marilyn make the day-to-day operational decisions, son Paul Jr., leads machining operations, and daughter, Michelle, assists with the website and marketing. The Tompkins have 4 granddaughters ages 9 to 16 who they hope will share their passion for engineering and developing new solutions.
SouthStar Bank thanks the Tompkins for their valued business and we wish you ongoing success!
Paul and Marilyn Tompkins, Owners
281.482.0827 | email@example.com
9587 N Highway 80 | Leesville, Texas 78122
Gary Mobbs, SVP/Area Manager, NMLS# 586586 p: 830.672.1081 x1605 | m: 830.857.1418 | firstname.lastname@example.org