Harris Williams & Co. Advises RepconStrickland Inc. in its Sale to EMCOR Group Inc.

Harris Williams & Co. Advises RepconStrickland Inc. in its Sale to EMCOR Group Inc.

RICHMOND, Va.--(BUSINESS WIRE)-- Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide, announces the sale of RepconStrickland Inc. (RepconStrickland), a premier provider of recurring turnaround and specialty services to the North American refinery, petrochemical and other process industries, to strategic buyer EMCOR Group, Inc. (EMCOR; NYSE:EME) in an all cash transaction valued at approximately $455 million. Harris Williams & Co. acted as the exclusive advisor to RepconStrickland, a portfolio company of ArcLight Capital Partners, LLC (ArcLight). The transaction closed on July 29, 2013 was led by Drew Spitzer, Tiff Armstrong, Matt White, Chris Burnham and Oliver Brooks from the firm's Energy & Power (E&P) Group.

The sale of RepconStrickland represents another successful transaction for Harris Williams & Co. and adds to the Energy & Power Group's leading experience in the infrastructure services sector, which includes eight completed transactions in the last 12 months and more than 25 transactions in total.

"Over the past 35 years, RepconStrickland has grown to become the preeminent provider of highly specialized, mission-critical turnaround, maintenance and other specialty services to the nation's leading refiners, petrochemical plants and other processors," said Drew Spitzer, a managing director at Harris Williams & Co. "We are proud to have represented RepconStrickland and ArcLight in this transaction."

RepconStrickland's leading market positions and well-known brands have been developed through a long and consistent track record of delivering specialized turnaround and maintenance services with superior project execution, a highly skilled workforce and a best-in-class safety record. RepconStrickland has built a prominent reputation for performing turnarounds and specialty services for the most critical units of refineries, petrochemical plants and other process facilities. The RepconStrickland platform is comprised of five specialized divisions including Repcon, Inc., AltairStrickland Holdings, LLC, Turnaround Welding Services, LLC, Diamond Refractory Services, LLC and Tiger Tower Services, LLC. Repcon, Inc. is a leading provider of hydrofluoric alky unit turnarounds, general turnarounds, specialty maintenance and industrial construction services. AltairStrickland is a leading provider of fluid catalytic cracking unit and coker unit turnarounds. Turnaround Welding Services provides premium welding services on all grades of steel, alloys and exotics. Diamond Refractory is a temperature/erosion materials specialist providing refractory services and liners for processing units and systems. Tiger Tower Services provides specialty mechanical services for process columns and weld overlays, nozzle installations and inspection services.

ArcLight is an energy-focused private equity investment firm, having invested more than $10 billion since its inception more than a decade ago. Since its establishment in 2001, the firm has raised five funds with cumulative capital commitments totaling $10.1 billion. ArcLight has successfully sourced, managed and realized investments through multiple energy industry cycles. The firm's investment team has extensive energy expertise, investing experience, industry relationships and specialized asset level value creation capabilities. ArcLight is headquartered in Boston, MA, with offices in New York and Luxembourg.

EMCOR is a Fortune 500 worldwide leader in mechanical and electrical construction services, industrial and energy infrastructure and facilities services.

Harris Williams & Co. (www.harriswilliams.com), a member of The PNC Financial Services Group, Inc. (NYS: PNC) , is a preeminent middle market investment bank focused on the advisory needs of clients worldwide. The firm has deep industry knowledge, global transaction expertise and an unwavering commitment to excellence. Harris Williams & Co. provides sell-side and acquisition advisory, restructuring advisory, board advisory, private placements and capital markets advisory services.

The firm's E&P Group has experience across a broad range of sectors, including oil and gas equipment and services, energy efficiency and clean tech, industrial and infrastructure services, power products and technology, engineering and construction and environmental services. For more information on our energy and power experience, please contact Drew Spitzer or Tiff Armstrong at +1 (804) 648-0072.

Investment banking services are provided by Harris Williams LLC, a registered broker-dealer and member of FINRA and SIPC, and Harris Williams & Co. Ltd, which is authorized and regulated by the Financial Conduct Authority. Harris Williams & Co. is a trade name under which Harris Williams LLC and Harris Williams & Co. Ltd conduct business.

For general release inquiries, please contact Julia Salatino, marketing specialist, at +1 (804) 648-0072.

Harris Williams & Co.
Julia Salatino, Marketing Specialist
+1 804-648-0072

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