Tulsa-based Argonaut invests in Excellence Engineering
TULSA, Okla., Feb. 11, 2014 /PRNewswire/ — Excellence Engineering, a Tulsa, Okla.-based engineering services company focused primarily in the energy sector, recently received a growth capital investment from Argonaut Private Equity.
Excellence Engineering provides engineering design, drafting, procurement and construction services to an array of companies, a majority of which operate in the energy sector. Founded in 2001 and owned by Dee Hays, P.E., Excellence Engineering is nationally certified as a Women’s Business Enterprise by the Women’s Business Council – Southwest, a regional certifying partner of the Women’s Business Enterprise National Council (WBENC).
Argonaut, an affiliate of George B. Kaiser, is a Tulsa-based private equity group investing in growing and profitable companies in the region, among other things.
“This is an important step for us as we continue to grow our overall business,” said Dee Hays, president and CEO of Excellence Engineering. “In addition to continuing to grow our design business, the added resources will allow us to offer complete assembly and fabrication of control systems for the growing energy markets. We are excited about our affiliation with Argonaut and look forward to working with their team to further expand our market opportunities. Their investment is an affirmation of our strategy and future potential.”
“We are pleased to add Excellence Engineering to our portfolio,” said Steve Mitchell, Argonaut’s managing director. “The company’s success is directly attributable to its strong leadership and talented, committed team members. With its rapidly growing North American onshore energy sector business and vision for expanding its services, we are confident Excellence Engineering will continue to grow and leverage new opportunities in the future.”
SOURCE Excellence Engineering