Wednesday, December 30, 2020

Specialty buys MS plant, subsidiary

Specialty Welding and Turnarounds, with an office in Gonzales, La., has acquired Hydroprocessing Associates of Moss Point, Miss. The price was not disclosed. Hydroprocessing provides maintenance services for catalyst and reactors inside of petrochemical plants. Among some of its customers are Chevron, BP, and Exxon Mobil. The acquisition includes HA subsidiary Breathing Systems Inc., a helmet maker for industrial safety inspections. It was the first acquisition since the NY private equity company Orix Capital Partners became majority stake holder last January. SW&T sells its services in 14 states, and contracts with 4,000 professionals for work in the field. (Source: NOLA.com 12/29/20) Breathing Systems is located in Pensacola, Fla. Its life support systems are used throughout the petroleum refining, petrochemical, and liquid natural gas industries to protect workers in confined spaces and inert entry into nitrogen purged vessels.

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