Investment Announcement by White Deer Energy and LSV Advisors
HOUSTON — White Deer Energy and LSV Advisors, LLC are excited to share their recent investment in Cust-O-Fab, a recognized leader in custom-engineered thermal management products.
Cust-O-Fab: A Leader in Thermal Management Solutions
Since its establishment in 1972, Cust-O-Fab has consistently excelled in designing, fabricating, and maintaining custom-engineered shell-and-tube and air-cooled heat exchangers. The company has dedicated over five decades to serving the refining, petrochemical, natural gas infrastructure, industrial gas, power generation, and renewables sectors. Based out of Tulsa, Oklahoma, Cust-O-Fab employs a team of highly skilled engineers, fabricators, and field technicians who ensure its products meet the highest standards of quality, reliability, and safety.
Growth Potential and Industry Trends
Jim Meneely, Managing Partner at White Deer, commented on the investment: "Cust-O-Fab is well-positioned to benefit from the trends of industrial onshoring within the US, along with the rising demand for maintenance services as our industrial infrastructure ages. We are thrilled to join forces with LSV and the Cust-O-Fab team during this exciting growth phase."
CEO Insights on the Investment
Ed Rogalski, CEO of Cust-O-Fab, conveyed his excitement about the investment, stating, "For over fifty years, we have built trust with our customers by providing thermal management solutions that maintain safety and efficiency while reducing energy expenses. This backing from White Deer and LSV not only validates our successful business model but enhances our capability to invest in our workforce, technology, and production capacity."
Strategic Advisory Support
White Deer received invaluable advice from PJT Partners, Troutman Pepper Locke LLP, and Vinson & Elkins LLP during this investment process. LSV was advised by the legal experts at Davis Polk & Wardwell LLP.
About Cust-O-Fab
Cust-O-Fab has been at the forefront of custom heat exchanger fabrication and industrial services since 1972, adhering to ASME Code-compliant standards. The company emphasizes quality, safety, and innovation, effectively serving critical industries from its manufacturing facilities situated in key locations across the Gulf Coast and Midwest. This strategic positioning allows Cust-O-Fab to ensure reliability in operations for a wide array of customers throughout the nation.
About White Deer Energy
Incorporated in 2008, White Deer Energy has successfully raised $3.0 billion through its series of managed partnerships. Its portfolio covers the entire energy value chain, from supporting domestic energy production to developing the necessary infrastructure for energy storage and transportation, as well as firms that participate in energy transition segments.
About LSV Advisors
LSV Advisors operates from New York and is a registered manager specializing in special situations secondaries, managing approximately $4.0 billion in assets. The firm provides a range of restructuring and liquidity solutions tailored to the needs of institutional clients, family offices, and investors globally.
Frequently Asked Questions
What is Cust-O-Fab known for?
Cust-O-Fab specializes in custom-engineered thermal management products, particularly heat exchangers used in various industrial applications.
What are the benefits of the investment from White Deer and LSV?
This investment allows Cust-O-Fab to enhance its operational capabilities, invest more in technology, and expand its workforce.
How long has Cust-O-Fab been in operation?
Cust-O-Fab has been a leader in its field since it was founded in 1972, boasting over 50 years of industry experience.
What sectors does Cust-O-Fab serve?
Cust-O-Fab serves various sectors including refining, petrochemical, natural gas infrastructure, industrial gas, power generation, and renewable energy markets.
Who were the advisors for this investment?
White Deer was advised by PJT Partners and two law firms, Troutman Pepper Locke LLP and Vinson & Elkins LLP. LSV received counsel from Davis Polk & Wardwell LLP.
