ORIX Capital Partners Acquires Majority Stake in Specialty Welding and Turnarounds (SWAT)
February 4, 2020
ORIX Capital Partners acquired a majority interest in Specialty Welding and Turnarounds, LLC (SWAT) from Hastings Equity Partners. SWAT, headquartered in Gonzales, Louisiana, provides specialty welding and highly technical turnaround services to refineries, petrochemical and industrial customers across the U.S.; Hastings and SWAT management remain minority shareholders and Cadence Bank led financing for the transaction.
- Buyers
- ORIX Capital Partners
- Targets
- Specialty Welding and Turnarounds, LLC
- Sellers
- Hastings Equity Partners
- Industry
- Industrial Services
- Location
- Louisiana, United States
- Transaction Type
- Buyout
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