Energy Services Holdings Acquires JW Powerline, an Electrical Contracting Company Serving Utility Providers and the Energy Industry in West Texas
HOUSTON, June 28, 2013 /PRNewswire/ — Energy Services Holdings, LLC (ESH), a leading provider of electrical and instrumentation services to the energy infrastructure market, announced today the acquisition of JW Powerline. JW Powerline is a multi-faceted electrical contracting company that serves the needs of utility providers, as well as independent and major oil companies throughout the Permian Basin and West Texas. ESH is a portfolio company of Cadent Energy Partners II, L.P., which is advised by Cadent Energy Partners, LLC.
Leo Sniger, CEO of ESH, said, “We are excited to have JW Powerline as part of our company. We believe there are many cross-selling opportunities where we can introduce their service offerings to our existing customer base, as well as selling our current services to JW Powerline’s West Texas customer base.”
“The JW Powerline team is delighted to be a part of the ESH team,” said Jimmy Webb, the founder of JW Powerline. “The support and infrastructure of ESH will allow us to continue on our growth trajectory. We are very pleased with the representation that JW Powerline received from Hunter Wise Financial Group. We felt that Larry Schumann and his team took the time to really understand our business and our goals and then executed a marketing plan to find the right partner for us. Their execution expertise and advice proved invaluable.”
Larry Schumann, a Managing Director with Hunter Wise’s Austin office, led the deal team for JW Powerline.
Steve Tadlock, a Vice President with Cadent Energy Partners, said, “ESH continues to grow both organically and through acquisitions. We are pleased to support Leo and his team with the acquisition of JW Powerline.”
About Energy Services Holdings, LLC
Energy Service Holdings is a leading provider of electrical and instrumentation services to the energy infrastructure market. With six operating entities and multiple locations throughout the United States, ESH is able to serve all major segments of the North American energy industry. http://www.energyservicesholdings.com
About Cadent Energy Partners, LLC
Cadent Energy Partners is a private equity firm that invests in small to medium-sized companies in the energy industry. Cadent provides expansion capital to firms that want to accelerate growth and build exceptional shareholder value in partnership with an experienced energy investor. http://www.cadentenergy.com
About Hunter Wise
Hunter Wise Financial Group, LLC, is a specialized investment bank providing the highest quality level of corporate financing, merger, acquisition, divestiture and advisory services. The Company’s clients include small to medium-sized public companies, as well as selected middle market privately-held businesses. Headquartered in Irvine, California, Hunter Wise Financial Group, LLC has 13 offices throughout the U.S. and an office in Beijing. http://www.hunterwise.com
SOURCE Hunter Wise Financial Group, LLC