Companies Diversify Amid Coal Downturn

SPS Shop Employee - SPS adapts to coal downturnService Pump & Supply once catered almost exclusively to the coal industry, but recognizing the steady decline of the coal industry has led Patrick Farrell to diversify his business to gain a foothold in new markets.  The company, which has well-established locations in West Virginia, Kentucky, and Pennsylvania, recently expanded to southern Illinois.

Solving water problems has always been SPS’s main objective, and although work with the coal industry remains a significant part of the business, Service Pump has expanded into the oil and gas industry as well. “If there’s a water project going on somewhere, chances are Service Pump & Supply has a piece of it,” says Farrell.

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Learn about a retraining program we partner with as another response to coal downturn.