The Vermeer Corporation, along with Jeff Wage — a veteran professional of the underground construction industry — has made a minority equity investment in the McLaughlin Group Inc. Dave Gasmovic, president of McLaughlin, is the primary shareholder and will continue to lead operations. Wage joins McLaughlin as vice president and an equity partner, while the minority equity investment by Vermeer provides a deeper strategic relationship with McLaughlin.
“The Vermeer investment in our company is a strategic business partnership that positions both for further success,” said Gasmovic. “Our current partners and customers will not be affected by this change and can count on the consistent support they’ve come to expect with McLaughlin.”
This new ownership arrangement will not affect the current branding or distribution of McLaughlin products, including vacuum excavation systems, auger boring systems, locators and attachments.
Fast Fusion, LLC (www.fast-fusion.com) the manufacturer of the Fast Fusion® weld cooling equipment known as the MobileFusion Trac® and Cool Pack™ recently announced that High Country Fusion, head quartered in Fairfield, ID has become a non-exclusive distributor of Fast Fusion product in North America.
Dick McKinley, the CEO of Fast Fusion, LLC said, “High Country Fusion (www.hcfusion.com) being well known in the HDPE industry as an experienced seller of fusion equipment, pipe and manufactured fittings is a perfect strategic fit to Fast Fusion to expand the use of our weld cooling technology to the pipeline construction industry.”
Terex® PT-30 and PT-50 compact track loaders, TSR50 skid steer loaders and TC16 compact excavators are available for rent at Compact Equipment Power Equipment Centers (CPEC) located in 280 select locations of The Home Depot Tool Rental. Compact Power Equipment Centers have partnered with The Home Depot to provide commercial contractors with towable rental equipment for projects.
“This is an exciting opportunity for Terex,” says John Poag, director, Rental, Government and Remarketing, Terex Construction. “Whether a contractor is looking for a long-term rental contract or simply requires equipment for a few hours, our centers are dedicated to providing these customers with excellent service, helpful advice and versatile, affordable equipment solutions for every rental need.”
In the Win A Cat® Truck contest that ultimately drew more than 300 entries and 47,500 votes, LPA Marine of Peaks Island, ME, came out on top—winning a brand-new Cat CT660 Vocational Truck, the first in a full line of vocational trucks from Caterpillar.
“We think Caterpillar can do for our trucks what it has consistently done for our marine and excavating equipment,” said LPA Marine’s Coley Mulkern in his “Win a Cat Truck” contest entry, a video that showcased how the company uses Cat equipment and engines to serve the communities and islands that make up coastal Maine.
Greene’s Energy Group has named Ray Keller senior sales representative for the Northeastern region of the United States. Based in the Imperial, PA office, Keller will assist clients with hydrostatic testing, cleaning, drying, pigging, water treatment and other services in the Marcellus Shale and Northeast regions.
Boardwalk Pipeline Partners has named Patrick Giroir president of its operating subsidiary, Boardwalk Field Services, LLC. The newly formed Boardwalk Field Services plans to become a full-service midstream gas company focused on developing and operating gas gathering, compression, dehydration, treating, and processing infrastructure. Giroir, in his role as president, will be responsible for the growth, development and operations of the company.
Andrew Puhala has been named vice president and CFO of the Artificial Lift Company.
ACE Winches has appointed Graeme Wood as COO to guide the growth of the deck machinery specialist into international markets.
Larrett Energy Services, Inc. is expanding its operations to the South Texas Eagle Ford Shale. Larrett will be opening a new 35 acre office, shop and lay down yard at 12048 Hwy 83 in Asherton TX. The facility expansion is expected to meet the growing customer demand in the area. Operations are scheduled to commence this month.
Larrett Energy which is headquartered in Dallas, TX has concentrated its resources in the Barnett Shale and the installation of the urban pipelines. The company also operates a pipeline maintenance division that operates in Texas, Oklahoma and Louisiana.
T. D. Williamson, Inc. plans to open a Pipeline Integrity Center in Salt Lake City, UT. Situated close to the airport in the Salt Lake International Center, the site will double the TDW footprint in Salt Lake City. Once completed, the facility will combine the TDW inline inspection engineering, manufacturing, operations, service center, and data analysis functions in one location.
“Our goal is to create a Global Pipeline Integrity Center that not only houses our inline inspection capabilities but also leverages the total breadth of TDW technologies,” says Eric Rogers, director of pipeline integrity solutions for TDW.
GE Energy Financial Services is expanding its oil and gas industry footprint by investing in Summit Midstream Partners LLC, which acquires and develops midstream energy infrastructure in unconventional North American production basins. Summit Midstream’s assets include gathering, compression, and dehydration facilities in the core of the Barnett Shale. It recently announced the acquisition of South Piceance Basin assets in the Rockies from an Encana Corp. subsidiary.
High Plains Gas Inc. acquired Miller Fabrication, LLC., a Douglas, WY-based facility construction company serving the energy industry. Brandon Hargett, CEO of High Plains Gas, said, “The acquisition of Miller Fabrication is an important step for High Plains Gas because it broadens our increasing position in the energy construction industry while diversifying our revenue streams.”
CenterPoint Energy Services, Inc. (CES) acquired Asgard Energy, LLC headquartered in Denver. Asgard supplies natural gas to commercial, industrial, agricultural and residential customers in Colorado, Kansas, Nebraska, Wyoming and West Virginia. CES says it will retain all Asgard employees and provide service to its new customers from a Denver office.