Experience

NATURAL GAS INFRASTRUCTURE SERVICES TRANSACTION

Integris Partners recently advised Mayo Welding Services, Inc. of Berthoud, CO on its sale to Hettinger Welding, LLC, a portfolio company of Clearview Capital, LLC.

"Integris Partners did a great job educating us, preparing the company, and leading us through the process - we could not have done it without them. We feel they really helped secure full value for the Company," said David Mayo, co-owner of Mayo Welding Services.

Mayo is the third add-on acquisition for Hettinger, which is a leading provider of construction and maintenance services for customers building natural gas infrastructure in the Rocky Mountain region. The combined company offers the following services to the natural gas, utility and mining industries: 1) facility construction and welding, including instrumentation and electrical work 2) fabrication of compression stations, meter skids and vessels 3) pipeline installation 4) excavation operations including facility site preparation, water containment ponds, roads, and pipeline right of ways 5) crane operations and 6) horizontal directional boring.

Mayo extends Hettinger's service offering with a fully staffed engineering department and core expertise in steel pipeline construction. The acquisition adds to Hettinger's management depth and geographic reach, and creates a fully integrated engineering, procurement, and construction company unique to the natural gas industry in the Rocky Mountain region. The Mayo team will continue to direct the field services, fabrication and engineering activities from their Denver-based locations. Certain of the Mayo selling shareholders reinvested in Hettinger.

"Integris Partners served their client well and helped ensure that the transaction closed in a short period of time after we were selected as the preferred bidder. The diligence process was smooth and there were no surprises," said Paul Caliento, Partner, Clearview Capital, LLC.

Financial terms were not disclosed. For additional information, please contact Stephen van den Heever.