One Equity Partners' portfolio company, Brown & Root Industrial Services, has announced its acquisition of Specialty Welding and Turnarounds, positioning itself as a leading provider in the specialty welding and turnaround services market in North America.

Target Overview

Brown & Root Industrial Services, a portfolio company of One Equity Partners (OEP), has successfully entered into a definitive agreement to acquire Specialty Welding and Turnarounds (SWAT), a prominent provider of turnaround, cooling tower, and industrial catalyst services. This strategic acquisition is set to establish one of the largest specialty welding and turnaround service providers in North America, significantly enhancing operational capabilities and market reach.

Established in 2014 and headquartered in Gonzales, Louisiana, SWAT has quickly become a trusted name in critical industrial solutions. The company specializes in specialty welding, mechanical services, cooling tower operations, and catalyst services, serving prestigious clients in the refinery, petrochemical, and renewables sectors. With operations across 22 states and a workforce of 32,000 skilled professionals, SWAT is well-positioned to meet the growing demands of its market.

Industry Overview

The industrial services market in the United States is characterized by a strong demand for specialized capabilities, driven by increasing complexity in infrastructure and a shortage of skilled labor. As industries evolve, the need for reliable