Groome Industrial Service Group, a provider of specialty maintenance services across a range of industrial markets, announced today the acquisition of Iowa based W-S Companies, Inc.

Founded in 1993, W-S Companies, Inc. (W-S) is one of the country's largest veteran-owned and operated industrial and mechanical services companies. Headquartered in Council Bluffs, Iowa, W-S is comprised of eight entities and has offices throughout the Midwest and Gulf Coast, serving a diverse client base, including power, food and beverage, refining, utilities, chemical, manufacturing, pulp and paper, municipal, upstream, and downstream.

W-S is a client-centric organization with employees committed to safety, integrity, and accountability.

Jeff Bause, President & CEO of Groome, stated "We are excited for W-S to join the Groome Team, creating a bigger and better specialty maintenance company with an even stronger nationwide presence. Both companies provide a service mix that is complimentary to one another while also offering unique specialty services. This acquisition now gives Groome one of the broadest offerings in the industry."

When asked about Groome and W-S joining forces, Keven Shanahan, Managing Partner at Argosy Private Equity said "We are thrilled about the combination of Groome and W-S. Given Groome's experience with previous acquisitions, we have confidence in the team's demonstrated ability to execute integration plans. The consolidated companies now offer a comprehensive suite of services delivered on a national scale. This acquisition not only strengthens Groome's position in the market but also underscores our commitment to providing unparalleled value and support to its clients."

Integration is already underway, led by a newly formed integration team. Management from both Groome and W-S, along with the integration team and Argosy are actively working on executing Argosy's Value Acceleration Methodology (VAM™) acquisition toolkit to integrate the operations, realize synergies between the companies, and seek to grow the combined company.

 

Source: prnewswire.com

Report Abuse