Clearview Buys Mayo Welding

Clearview Capital has acquired Berthoud, Colo.-based Mayo Welding Services Inc. as its third add-on acquisition for Hettinger Welding LLC, a provider of facilities construction, pipelining and welding services for customers building natural gas infrastructure in the Rocky Mountain region. No financial terms were disclosed. 



Clearview Capital, LLC of Old Greenwich, CT has completed theacquisition of Mayo Welding Services, Inc. of Berthoud, CO as an add-on transaction to its portfolio company, Hettinger Welding, LLC. Mayo is Hettinger's third add-on transaction in the last twelve months. The transaction closed on March 17, 2008.


Hettinger Welding, LLC, is a leading provider of construction and maintenance services for customers building natural gas infrastructure in the Rocky Mountain region. Today, Hettinger offers the following services to the natural gas, utility and mining industries: 1) facility construction and welding, including instrumentation and electrical work 2) fabrication of compression stations, meter skids and vessels 3) pipeline installation 4) excavation operations including facility site preparation, water containment ponds, roads, and pipeline right of ways

5) crane operations and 6) horizontal directional boring.


Mayo provides similar custom construction, fabrication, and engineering design services to its customers. Mayo extends Hettinger's service offering with a fully staffed engineering department and core expertise in steel pipeline construction. The acquisition adds to Hettinger's management depth and geographic reach. More importantly, it creates a fully integrated engineering, procurement, and construction company unique to the natural gas industry in the Rocky Mountain region.


Larry and David Mayo, founders of Mayo with their father Michael Mayo, re-invested a portion of their proceeds into Hettinger Welding, LLC, obtaining an equity stake similar to other key management. The Mayos will continue to direct field services, fabrication and engineering from their Denver based locations.


Clearview's holdings include Ace (Air Cooled Exchangers, Inc.), a leading manufacturer of air-cooled heat exchangers; Hettinger Welding, LLC, a leading provider of pipeline and facilities construction and maintenance services for customers building natural gas infrastructure; Rowmark, LLC ., a manufacturer and marketer of specialty plastic sheet and related products for the awards/recognition, engraving and signage markets; Twinco Romax, a vertically integrated manufacturer and distributor of automotive fluids sold through retail channels; Senior Care Centers of America, an operator of adult day care centers; M.H. Zeigler & Sons, the country's leading manufacturer of refrigerated apple cider; Hillsdale Furniture, a designer and importer of wood and metal furniture; and a minority interest in Compression Polymers Group, the leading extruder of thick gauge polyolefin and PVC sheet, including AZEK