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Centerbridge Partners Acquires Aquilex

Aquilex Holdings said Friday that it has financially restructured its debt and is now majority owned by Centerbridge Partners. Also, Aquilex CEO and President Bill Varner is retiring while Donovan Boyd was named chairman of the board. Rothschild provided financial advice to Aquilex, while Alvarez & Marsal was restructuring advisor. Aquilex provides maintenance, repair and industrial cleaning solutions to the energy industry.

Aquilex Switches Sponsors (Again)

Teachers’ Private Capital has completed its acquisition of Aquilex Holdings LLC from Harvest Partners. No financial terms were disclosed.

Aquilex is a Norcross, Ga.-based energy service provider specializing in refining, nuclear and fossil power generation and waste to energy. It was acquired by Harvest Partners in 2007 from First Reserve Corp. Harris Williams & Co. advised Aquilex on both transactions.

Aquilex Switching Sponsors (Again)

Teachers’ Private Capital has agreed to acquire Aquilex Holdings LLC from Harvest Partners. No financial terms were disclosed for the deal, which is expected to close in December. Aquilex is a Norcross, Ga.-based energy service provider specializing in refining, nuclear and fossil power generation and waste to energy. It was acquired by Harvest Partners in 2007 from First Reserve Corp.

First Reserve Sells Aquilex to Harvest

First Reserve Corp. has sold Aquilex Corp. to Harvest Partners for an undisclosed amount. Aquilex is a Norcross, Ga.-based energy service provider specializing in refining, nuclear and fossil power generation and waste to energy. Aquilex was advised on the deal by Harris Williams & Co. www.aquilex.com

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