Tri Con Works, which is backed by Aperion Management, has acquired La Porte, Texas-based Diamondback Works, a provider of specialty construction services for the petrochemical industry. No financial terms were disclosed. Cadence Bank and Graycliff Partners provided funding for the deal while Winston & Strawn provided legal advice to Aperion.
August 2017 – Tri Con Works, a leading environmental services provider specializing in the construction and maintenance of landfill gas monitoring, collection and recovery systems, as well as leachate systems, announced its acquisition of Diamondback Works. Based in La Porte, Texas, Diamondback Works provides specialty construction services to the Petrochemical industry. Aperion Management, a middle market private equity firm based in New York acquired Tri Con Works in 2014.
The acquisition will enable Tri Con Works to expand its service offerings to become a leading provider of outsourced industrial and environmental services. Diamondback Works highly experienced management team and workforce will join the Tri Con Works family and will be able to leverage Tri Con Works geographic reach.
Diamondback Works was established in October of 2000 in order to provide, remodel/renovation services to the Petrochemical Industry. As time passed and with each successful completion of projects, Diamondback Works was able to expand its workforce and services provided. The Company added such service offerings as Steel Erection, Process Pipe Field Fabrication and Installation, Structural Foundations, and Design Build Services.
Gary Smith and Bryan Robbins, Co-Founders of Tri Con Works, said, “We are excited to partner with David Chovanec and his team at Diamondback Works. The partnership will create additional opportunities for employees and it will enhance our capabilities to service our customers as well as secure new customers.”
David Chovanec, President and co-founder of Diamondback Works commented, “We are excited about the partnership with Tri Con Works. Their investment supports our growth and enables us to invest in existing services while growing our platform. We have a shared vision to provide the best services to our customers and the best work environment to attract high-quality employees.”
Cadence Bank and Graycliff Partners provided financing for the transaction. Winston & Strawn acted as legal advisors to Aperion.