Funds advised by Carr's Hill Capital Partners Management LP are pleased to announce the acquisition of AXIS Industrial Services LLC, a multi-craft industrial contractor providing diversified specialty services including scaffolding, insulation, fireproofing, abatement, and other services to the US processing and manufacturing sectors.
Based in Corpus Christi, Texas, US, AXIS currently supports master service agreements with over 20 facility operators, including numerous international petrochemical, chemical, refinery, midstream, and other clients throughout the US Gulf Coast region. The management team at AXIS will retain an equity interest and continue leading the business, with Founder and CEO JT Maddox IV at the helm.
"Carr's Hill is drawn to founder-led businesses, like AXIS, with an emphasis on customer service and a clear vision for growth. With its significant presence in the US Gulf Coast region, strong reputation, and blue-chip customer base, we believe AXIS is a great platform asset," said H. David de Laureal, Managing Partner of Carr's Hill Partners. "We look forward to working alongside the AXIS team to continue to drive growth and expand into new markets and soft-craft capabilities."
JT Maddox IV, Founder & CEO of AXIS, commented: "Over its history, AXIS has developed great relationships with our customers based on our reliable team, successful project execution, and strong safety performance. We have ambitions to expand rapidly into new markets and service offerings, and the Carr's Hill team shares a similar vision. We are excited about AXIS' growth prospects and believe our customers and employees will benefit immensely from Carr's Hill's support as we embark on our next growth phase."
Read the article online at: https://www.hydrocarbonengineering.com/petrochemicals/18082020/carrs-hill-partners-acquires-axis/
You might also like
ADNOC has announced that it has formally closed the acquisition of a 24.9% shareholding in OMV AG (OMV), a global energy and chemicals group.