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Hudson Products Holdings, Inc. Completes the Acquisition of Smithco Engineering, Inc. and Metal Services, Inc.
Houston, TX (June 15, 2007) – Hudson Products Holdings, Inc. (Hudson), a global manufacturer of air-cooled heat exchangers and axial-flow fans, announced today that it has closed the acquisition of Smithco Engineering, Inc. and Metal Services, Inc., (collectively Smithco). The Sterling Group, L.P., a Houston-based private equity firm, is the majority owner of Hudson. Smithco, based in Tulsa, Oklahoma, manufactures large-scale air-cooled heat exchangers. Products include both forced and induced-draft heat exchangers which are sold to customers such as oil refineries, gas processors, gas transmission pipelines, power generation plants, utilities and chemical processing plants. Smithco was previously owned by Judy Smith of Laguna Beach, California. “I am pleased to welcome Smithco to the Hudson family,” said Chris Yunkun, CEO of …
HOUSTON, TX (December 8, 2006) – The Sterling Group, L.P. (“Sterling”), a Houston-based private equity firm, today announced that it has finalized the acquisition of Hudson Products Corporation (“Hudson” or the “Company”). The Company, headquartered in Sugarland, Texas, was an affiliate of Madison Capital Partners (“Madison”), a Chicago-based investment firm. Hudson is one of the world’s leading heat transfer solutions firms providing air-cooled heat exchangers and axial-flow fans to some of the largest processors in the petroleum, natural gas, power generation, petrochemical and chemical industries. Hudson’s manufacturing facilities are located in Beasley, TX, Pombia, Italy, and Monterrey, Mexico. “As part of Madison over these past four years, Hudson has begun to realize its full potential. Madison’s influence has played a …
ACHESON, AB (November 28, 2006) – North American Energy Partners Inc. (TSX / NYSE: NOA) (the “Company”) announced today that it completed its previously announced initial public offering (the “Offering”) of 12,500,000 of its voting common shares (“Common Shares”) at US$16.00 or C$18.38 per share. As part of the Offering, the Company sold 8,750,000 Common Shares and existing shareholders sold 3,750,000 Common Shares. The Company and the selling shareholders have granted the underwriters a 30-day option (the “over-allotment option”) to purchase up to an additional 1,875,000 Common Shares at the initial public offering price to cover any possible over-allotments. In connection with the completion of the Offering, the Company completed the previously announced purchase of its outstanding 9% Senior Secured …