M&A Deal Summary

Specialty Welding and Turnarounds Acquires Midwest Cooling Tower Services

On December 20, 2021, Specialty Welding and Turnarounds acquired business services company Midwest Cooling Tower Services from Dorilton Capital

Acquisition Highlights
  • This is Specialty Welding and Turnarounds’ 1st transaction in the Business Services sector.
  • This is Specialty Welding and Turnarounds’ 4th transaction in the United States.
  • This is Specialty Welding and Turnarounds’ 1st transaction in Louisiana.

M&A Deal Summary
Date 2021-12-20
Target Midwest Cooling Tower Services
Sector Business Services
Buyer(s) Specialty Welding and Turnarounds
Sellers(s) Dorilton Capital
Deal Type Add-on Acquisition
Advisor(s) Stifel, Nicolaus & Co., Inc. (Financial)
Jones Day (Legal)

Target

Midwest Cooling Tower Services

Krotz Springs, Louisiana, United States
website
Midwest Cooling Tower Services is a provider of cooling tower maintenance and services to oil refineries and industrial plants, including upgrades, repairs, emergency work, basin cleaning, inspections, and the provision of mobile cooling units to allow a plant to continue operating during repairs. Midwest Cooling Tower Services was founded in 1984 and is based in Krotz Springs, Louisiana.

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Buyer(S) 1

Buyer

Specialty Welding and Turnarounds

Gonzales, Louisiana, United States

website

Category Company
Founded 2014
Sector Engineering
DESCRIPTION

Specialty Welding and Turnarounds is a provider of specialty welding and other highly technical services to the oil and gas refinery, biodiesel, petrochemical, and industrial markets. Specialty Welding and Turnarounds was founded in 2014 and is based in Gonzales, Louisiana.

DEAL STATS #
Overall 4 of 4
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 4 of 4
State (Louisiana) 1 of 1
Country (United States) 4 of 4
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-28 Hydroprocessing Associates

Moss Point, Mississippi, United States

Hydroprocessing Associates LLC is a provider of specialized catalyst handling services for oil and gas refineries and petrochemical facilities.

Buy -

Seller(S) 1

SELLER

Dorilton Capital

Investor Investor Investor Investor Investor

website

Category Family Office
Founded 2009
Size Small
Type Sector Agnostic
DESCRIPTION

Dorilton Capital is a family-backed private investment firm focused on control investments in small to medium sized businesses across a range of industry sectors. Dorilton seeks to partner with incumbent management in order to create value and targets growth-oriented companies with $4 to $25 million of EBITDA and located in North or South America. Dorilton Capital was established in 2009 and is based in New York City.

DEAL STATS #
Overall 1 of 3
Sector (Business Services) 1 of 3
Type (Add-on Acquisition) 1 of 2
State (Louisiana) 1 of 1
Country (United States) 1 of 3
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-02 Blue Wolf Performance Solutions

Hingham, Massachusetts, United States

Blue Wolf Performance Solutions provides industrial cleaning services to a national market of power generation, petrochemical, food & beverage, public facility, data centers, and a variety of other end markets. Blue Wolf Performance Solutions was founded in 2021 and is based in Hingham, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-07 Blue Wolf Performance Solutions

Hingham, Massachusetts, United States

Blue Wolf Performance Solutions provides industrial cleaning services to a national market of power generation, petrochemical, food & beverage, public facility, data centers, and a variety of other end markets. Blue Wolf Performance Solutions was founded in 2021 and is based in Hingham, Massachusetts.

Sell -
Mergr

Product

Company

Legal