This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Harris Williams & Co. Advises RepconStrickland Inc. In Its Sale To EMCOR Group Inc.

Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide, announces the sale of RepconStrickland Inc. (RepconStrickland), a premier provider of recurring turnaround and specialty services to the North American refinery, petrochemical and other process industries, to strategic buyer EMCOR Group, Inc. (EMCOR; NYSE:EME) in an all cash transaction valued at approximately $455 million. Harris Williams & Co. acted as the exclusive advisor to RepconStrickland, a portfolio company of ArcLight Capital Partners, LLC (ArcLight). The transaction closed on July 29, 2013 was led by Drew Spitzer, Tiff Armstrong, Matt White, Chris Burnham and Oliver Brooks from the firm’s Energy & Power (E&P) Group.

The sale of RepconStrickland represents another successful transaction for Harris Williams & Co. and adds to the Energy & Power Group’s leading experience in the infrastructure services sector, which includes eight completed transactions in the last 12 months and more than 25 transactions in total.

“Over the past 35 years, RepconStrickland has grown to become the preeminent provider of highly specialized, mission-critical turnaround, maintenance and other specialty services to the nation’s leading refiners, petrochemical plants and other processors,” said Drew Spitzer, a managing director at Harris Williams & Co. “We are proud to have represented RepconStrickland and ArcLight in this transaction.”

RepconStrickland’s leading market positions and well-known brands have been developed through a long and consistent track record of delivering specialized turnaround and maintenance services with superior project execution, a highly skilled workforce and a best-in-class safety record. RepconStrickland has built a prominent reputation for performing turnarounds and specialty services for the most critical units of refineries, petrochemical plants and other process facilities. The RepconStrickland platform is comprised of five specialized divisions including Repcon, Inc., AltairStrickland Holdings, LLC, Turnaround Welding Services, LLC, Diamond Refractory Services, LLC and Tiger Tower Services, LLC. Repcon, Inc. is a leading provider of hydrofluoric alky unit turnarounds, general turnarounds, specialty maintenance and industrial construction services. AltairStrickland is a leading provider of fluid catalytic cracking unit and coker unit turnarounds. Turnaround Welding Services provides premium welding services on all grades of steel, alloys and exotics. Diamond Refractory is a temperature/erosion materials specialist providing refractory services and liners for processing units and systems. Tiger Tower Services provides specialty mechanical services for process columns and weld overlays, nozzle installations and inspection services.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,689.86 -56.12 -0.32%
S&P 500 2,103.84 -4.79 -0.23%
NASDAQ 5,128.2810 -0.5040 -0.01%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs