Published: February 5, 2020 |

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ORIX Capital Partners (OCP) has acquired majority interest in Specialty Welding and Turnarounds (SWAT), a leading provider of specialty welding and other highly technical turnaround services to the oil and gas refinery, petrochemical and industrial markets.

Headquartered in Gonzales, Louisiana, Johnny Holifield, president of SWAT, and Jimmy Quick, vice president of SWAT, founded the company in 2014 in response to the industry’s growing need for better execution, quality and technical expertise during regularly planned shutdowns.

“SWAT’s focus on specialty welding and turnaround services with the high level of craftsmanship of its people, combined with a strong company culture, has driven an exceptional performance record in what has become a best-in-class provider,” said Craig Kahler, managing director of ORIX Capital Partners.

“We are excited to partner with the SWAT management team and Hastings Equity Partners in this next chapter of growth as the company continues to execute on strategic and operational objectives. In addition to being a compelling opportunity, SWAT is highly complementary to OCP’s investment objectives focusing on the industrial and business services sectors,” added Kahler.

Since its founding, 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 as well as a nationwide craft labor database of over 4,000 highly experienced professionals.

“We are proud of what we’ve built and look forward to partnering with OCP to expand our business. We plan to continue expanding our operations across the U.S. while adding to our breadth of service offerings,” said Johnny Holifield.

“We are excited to partner with OCP, our interests and values are well aligned, especially our deep commitment to our customers and employees,” said Jimmy Quick.

ORIX Capital Partners
ORIX Capital Partners (OCP), a wholly owned subsidiary of ORIX Corporation USA (ORIX USA), is an operationally-focused private equity firm focused on making direct equity investments in established middle-market companies throughout North America, spanning a variety of industries including infrastructure services, business services and industrials. OCP was founded in 2016 and has completed five platform transactions and nine follow-on transactions.

To stop by ORIX’s website, CLICK HERE

Specialty Welding and Turnarounds
Specialty Welding and Turnarounds is a leading provider of welding services, project controls, tower and drum, exchanger, quality assurance, general contracting and other highly technical turnaround services to the oil and gas refinery, petrochemical and industrial markets. With locations in more than 14 states and a national craft labor database of more than 4,000 experienced professionals, the company provides experienced and proven turnarounds all around the county.

To stop by Specialty Welding and Turnarounds’ website, CLICK HERE

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