Pasadena, Texas – Nov 22, 2013
Elm Creek Partners and CornerPost Capital Partners, in partnership with the world-class management teams of TGE Industrial Services and Fishbone Solutions, are pleased to announce the acquisition of the TGE and Fishbone assets from Texas Gulf Energy, Inc. TGE and Fishbone will immediately move and expand operations in its new Pasadena, Texas, location and will continue to be innovative providers of domestic and international construction, turnaround, project controls, project management and planning, and electrical and instrumentation services to the petrochemical, refining, LNG, oil and gas, and midstream industries.
“We are looking forward to working with our new financial partners, Elm Creek Partners and CornerPost Capital, as they provide us with the additional resources and support to grow. While pursuing expansion, we look forward to continuing our long track record of being a leader in safely delivering quality projects as we offer the expertise and breadth of services to get the job done on schedule, on budget, and beyond expectations,” says David Mathews, President and CEO of TGE.
About TGE Industrial Services
TGE Industrial Services is an emerging project management, construction and maintenance services company serving the midstream/downstream producers in the oil & gas and petrochemical sectors, as well as other heavy industries. Based in Pasadena, Texas, TGE offers full service solutions to heavy industries demanding an uncompromising commitment to controlling quality, cost, schedule and safety.
About Elm Creek Partners
ECP is a Dallas-based private equity group investing primarily in Texas and surrounding states. Their approach is to partner with strong teams and actively assist them in building successful and enduring enterprises. They make controlling equity investments in profitable small businesses across diverse industries.
About CornerPost Capital
CPC, based in Irving, Texas, focuses on investment in smaller operating businesses that require creative investment structures, operational expertise, and/or leadership. With substantial operational, legal and financial experience, the CornerPost team works with investors and management to acquire, reorganize and grow businesses in various industries.