Harris Williams Advises Specialty Welding and Turnarounds LLC on its Sale to ORIX Capital Partners LLC
February 03 2020 - 03:45PM
Business Wire
Harris Williams, a global investment bank specializing in
M&A advisory services, announces that it advised Specialty
Welding and Turnarounds LLC (SWAT), a portfolio company of Hastings
Equity Partners (Hastings), on its sale to ORIX Capital Partners
LLC. SWAT is a leading provider of specialty welding and turnaround
services to refinery, petrochemical and industrial customers. The
company works across the Gulf and West Coast regions, maintaining a
craft labor database of over 4,000 professionals. The transaction
was led by Matt White, Drew Spitzer and Neha Shah of the Harris
Williams Energy, Power & Infrastructure (EPI) Group and Dan
Pate of the firm’s Richmond office.
“In a short period of time, SWAT has established itself as a
truly differentiated platform with a unique culture that continues
to outperform its peers in the specialty welding space,” said Matt
White, a managing director at Harris Williams. “The company has
shown an ability to identify and win new customers by leveraging
its strategic footprint, best-in-class personnel and deep industry
relationships. This transaction adds to our successful track record
of advising premier companies in the infrastructure services
space.”
SWAT is a leading provider of specialty welding and other
turnaround services to refinery, petrochemical and industrial
customers. Founded in 2014 by an experienced executive management
team, SWAT is an industry leader with elite craftsmen, serving its
blue-chip customer base with a commitment to safety and quality
service. The company is headquartered in Gonzales, Louisiana.
Hastings is a private equity firm focused on investing in
lower-middle market industrial services and equipment businesses.
Hastings' approach is to leverage the extensive operational
experience of the firm's managers and investors, many of whom are
active or former CEOs of Fortune 1000 companies. In addition, due
to the firm's expanding portfolio of industrial services companies,
Hastings is able to share best practices, technology trends and
contacts across its platform to ensure that all of its investments
benefit. Hastings strives to help its portfolio companies create
sustained value for their employees, customers and investment
partners.
ORIX Capital Partners is a private equity firm focused on making
direct equity investments in established middle market companies
throughout North America. The firm provides patient capital and
partners with management teams to support growth and achieve
long-term value.
Harris Williams, an investment bank specializing in M&A
advisory services, advocates for sellers and buyers of companies
worldwide through critical milestones and provides thoughtful
advice during the lives of their businesses. By collaborating as
one firm across Industry Groups and geographies, the firm helps its
clients achieve outcomes that support their objectives and
strategically create value. Harris Williams is committed to
execution excellence and to building enduring, valued relationships
that are based on mutual trust. Harris Williams is a subsidiary of
the PNC Financial Services Group, Inc. (NYSE: PNC).
The Harris Williams EPI Group has experience across a broad
range of sectors, including industrial, utility and infrastructure
services; oil and gas equipment and services; energy efficiency and
clean tech; power products and technology; engineering and
construction; and environmental services. For more information on
the firm’s energy, power, and infrastructure experience, please
visit the EPI Group’s section of the Harris Williams website.
Harris Williams LLC is a registered broker-dealer and member of
FINRA and SIPC. Harris Williams & Co. Ltd is a private limited
company incorporated under English law with its registered office
at 5th Floor, 6 St. Andrew Street, London EC4A 3AE, UK, registered
with the Registrar of Companies for England and Wales (registration
number 07078852). Harris Williams & Co. Ltd is authorized and
regulated by the Financial Conduct Authority. Harris Williams &
Co. Corporate Finance Advisors GmbH is registered in the commercial
register of the local court of Frankfurt am Main, Germany, under
HRB 107540. The registered address is Bockenheimer Landstrasse
33-35, 60325 Frankfurt am Main, Germany (email address:
hwgermany@harriswilliams.com). Geschäftsführer/Directors: Jeffery
H. Perkins, Paul Poggi. (VAT No. DE321666994). Harris Williams is a
trade name under which Harris Williams LLC, Harris Williams &
Co. Ltd and Harris Williams & Co. Corporate Finance Advisors
GmbH conduct business.
For media inquiries, please contact Katie Langemeier, associate
brand manager, at +1 (804) 648-0072.
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version on businesswire.com: https://www.businesswire.com/news/home/20200203005753/en/
Katie Langemeier, associate brand manager, at +1 (804)
648-0072
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