Specialty Welding & Turnarounds Names Marcus Deal Chief Executive Officer
06 Mai 2021 - 3:00PM
Business Wire
Specialty Welding & Turnarounds, Inc. (SWAT), a leading
provider of specialty welding, mechanical, and other technical
services to the oil and gas refinery, renewables, petrochemical and
industrial markets, announced Marcus Deal has been named Chief
Executive Officer. A 35-year industry veteran, Deal has a
demonstrated history of successfully leading and growing businesses
in the sector. In his new role, Deal will oversee the next phase of
SWAT’s growth plan, which has included a strategy of organic and
acquisition growth since a fund managed by ORIX Capital Partners
acquired the company in 2020, alongside the management team and
Hastings Equity Partners.
SWAT founder and President Johnny Holifield will continue to
play an active role as a board member and advisor to the management
team, supporting SWAT’s continued commitment to execution
excellence, customer satisfaction, and an industry-leading safety
culture.
“From 2014, when we founded SWAT, to today, our core principles
and values have guided us through a successful trajectory and I am
very proud of the business we have built,” said Holifield. “I’ve
known Marcus for over 20 years and am pleased to bring him on board
to lead SWAT through its next chapter and carry on our commitments
to our customers and employees.”
The Louisiana-based turnaround and maintenance services provider
acquired catalyst services provider Hydroprocessing Associates in
December 2020. In addition, SWAT has built an in-house alkylation
business and is continuing to seek new service line additions as
well as opportunities to enhance existing ones.
“We are excited to welcome Marcus to the SWAT team and are
confident he is optimally suited to lead the next stage of the
company’s growth,” said Craig Kahler, Managing Director of ORIX
Capital Partners. “With his strong track record and depth of
executive experience, Marcus is a collaborative leader with a gift
for bringing people together, as well as leading teams through
efficiency enhancements and improvements. We believe he blends the
best practices of a large organization with the resourcefulness and
entrepreneurial spirit it takes to grow a business.”
Previously, Deal served as President of Brown & Root’s
Turnarounds & Specialty Services business lines. Prior to
joining Brown & Root, he worked as Vice President of
Maintenance for Chicago Bridge & Iron (CB&I).
“With SWAT’s stellar reputation and backing from an
operationally-focused partner like ORIX Capital Partners, we can
continue our expansion strategy, while maintaining a firm
commitment to ensuring customer satisfaction and safety,” said
Deal. “I am looking forward to working alongside the team to build
on SWAT’s established track record and best-in-class
capabilities.”
About ORIX Capital Partners
ORIX Capital Partners (OCP), the operationally-focused private
equity team of ORIX Advisers, LLC and a wholly-owned subsidiary of
ORIX Corporation USA, manages a fund that seeks to make direct
equity investments in established middle-market companies
throughout North America, spanning a variety of industries,
including industrial services, business services, and general
industrials. For more information about OCP and its capabilities,
please visit www.orixcapitalpartners.com.
About Specialty Welding and Turnarounds
Founded in 2014, SWAT has evolved into an elite and trusted
provider of highly specialized turnaround services with an
industry-leading safety record, superior execution capabilities,
and a wide range of specialty welding and mechanical service
offerings. The company currently has master service agreements with
more than 50 U.S. facilities, including some of the world’s largest
oil refineries, and maintains multiple touchpoints across its key
customer relationships. SWAT has a diverse geographic presence with
offices in Louisiana, Texas, and California, a coverage area
spanning more than 14 states and a nationwide craft labor database
of over 4,000 highly experienced professionals.
About Hastings Equity Partners
Hastings Equity Partners is a private equity firm focused on
investing in lower, middle-market industrial service and business
services segments. Hastings’ approach is to leverage the firm’s
managers and investors’ extensive operational experience, many of
whom are active or former CEOs of Fortune 1000 companies. In
addition, due to the firm’s expanding portfolio of industrial
service and business service companies, it is able to share best
practices, technology trends, and contacts across its platform to
ensure that all of its investments benefit.
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version on businesswire.com: https://www.businesswire.com/news/home/20210506005325/en/
Rohini Pragasam, Head of Communications & Marketing ORIX
Corporation USA Rohini.pragasam@orix.com
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