BrandSafway Announces Acquisition of Waveland Serv
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KENNESAW, Ga., Oct. 04, 2017 (GLOBE NEWSWIRE) -- Brand Industrial Services, known as BrandSafway, has acquired Waveland Services, Inc ., a leading national offshore coatings company for deep-site platforms in the Gulf and on the coast of California, effective October 4, 2017.
“We’re pleased to announce the acquisition of Waveland,” said Dave Witsken, President of Energy and Industrial for BrandSafway. “Bringing Waveland’s highly specialized knowledge in offshore maintenance coatings to BrandSafway expands our expertise in surface preparation and coatings services in the global offshore market. In addition, Waveland’s offshore customers will benefit from BrandSafway’s experience in coatings and broader range of solutions, including scaffolding, insulation and fireproofing.”
Based in Eunice, Louisiana, Waveland is a maintenance-based coatings business holding long-term contracts with most of the large offshore platform owners, including major oil companies with deep-water assets, independent oil companies with shallow-water assets, and pipeline transmission companies. Founded in 1996 by Ed Caswell, the current president of Waveland Services, Inc., the company employs up to 200 people in peak season.
Moving ahead, Caswell has agreed to manage Waveland, A BrandSafway Company , the new name of the combined Waveland-BrandSafway offshore operations. Caswell will report to Danny Schexnaydre, Regional Vice President of Louisiana for BrandSafway.
“Waveland is a significant player in the offshore coatings business and a great fit for BrandSafway,” said Schexnaydre. “We have similar operating philosophies with a passion for understanding customer needs and exceeding expectations. By leveraging the knowledge, capabilities and reputation of Waveland, we will be able to provide expanded coatings services to BrandSafway’s offshore customers. At the same time, with our support, Waveland will now be able to offer its customers a broader inventory of access equipment and additional industrial services.”
“This acquisition is mutually beneficial for both BrandSafway and Waveland,” agreed Caswell. “Waveland has a highly experienced team with extensive knowledge in offshore surface preparation and coatings, which will complement the expertise that BrandSafway has in scaffolding, insulation and coatings. We have worked together as partners on offshore projects for several years and look forward to being on the same team.”
About BrandSafway
With a commitment to safety as its foremost value, BrandSafway provides the broadest range of services, products and solutions, with the greatest depth of expertise, to the industrial, commercial and infrastructure end markets. BrandSafway, a portfolio company of Clayton, Dubilier & Rice, has nearly $5 billion in revenue, approximately 32,000 employees and over 350 locations in 30 countries. With its global footprint, rigorous operating processes, and extensive service offerings — scaffolding and other work access solutions, insulation, coatings, specialty services, and forming and shoring — BrandSafway supports customers’ maintenance, turnaround and refurbishment needs as well as new construction, capital-driven upgrades and expansion plans. Today's BrandSafway — large enough to leverage economies of scale to increase safety and productivity, while also nimble and responsive — delivers unmatched service with local labor and management.
Attachments:
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/Attachm...1c3b76d888
Karla Cuculi, Vice President of Communications BrandSafway 414-523-6580 Karla.Cuculi@safway.com
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