COSTA MESA, Calif., May 15, 2006 (PRIMEZONE) -- Energy Maintenance Services Group I, LLC has acquired Celtic Controls Inc. Transaction terms were not disclosed.
RSM EquiCo Capital Markets initiated the transaction, led the negotiations and acted as the exclusive financial advisor to Celtic Controls Inc.
"This acquisition represents an opportunity for Energy Maintenance Services Group to capitalize on Celtic Controls' strong customer base and expand the firm's geographic presence into the Canadian market, while enhancing existing products and services," said Randy Krauthamer, managing director of the RSM EquiCo Capital Markets.
About RSM EquiCo Capital Markets
RSM EquiCo Capital Markets LLC (www.rsmequico.com) is a global provider of investment banking services to private companies with annual revenues of up to $500 million. The firm brings together companies, capital and creativity on a national and international scale to help clients achieve their personal and strategic objectives. RSM EquiCo Capital Markets LLC is licensed by the SEC and all state securities authorities, and is a member of the NASD and SIPC.
RSM EquiCo Capital Markets is a subsidiary of RSM EquiCo Inc., a financial services firm affiliated with RSM McGladrey Inc., one of the nation's largest providers of business and tax consulting, wealth management, retirement resources and payroll services to midsized companies.
RSM EquiCo's international headquarters are located in Costa Mesa, Calif. It also has offices in Chicago, Boston, New York, London and Coral Springs, Fla.
About Celtic Controls Inc.
Founded in 1997, Celtic Controls Inc. ("CCI") is a full-service instrumentation and electrical contractor servicing Canada's natural gas exploration and production industry. CCI provides customers with integrated instrumentation and control system solutions that include instrumentation installation, calibration, commissioning, meter proving and maintenance. CCI's service projects incorporate various hardware components such as emergency shutdown valves, control valves, pressure controllers, level controllers, compressors, soft start equipment, pumps, supervisory control and data acquisition equipment and related items. The company is based in Edson, Alberta (approximately 120 miles west of Edmonton).
About Energy Maintenance Services Group I, LLC
Energy Maintenance Services Group I, LLC is a business development company that provides operations and maintenance services to the energy industry. The company's primary operating entity, EMS Pipeline Services LLC, provides pipeline integrity management services and pipeline project solutions to major pipeline operators, local distribution companies, and independent power, oil and gas producers. In addition, EMS Pipeline Services owns the worldwide rights to PGAS, the premier gas measurement software system designed to meet the data editing, processing and archiving requirements of the energy industry. The company is located in Houston, Texas.
RSM EquiCo is a tradename for RSM EquiCo, Inc. and its subsidiaries, which include: RSM EquiCo Capital Markets, LLC (broker-dealer licensed by the SEC and member NASD, SIPC), RSM EquiCo Canada, Inc. (limited market dealer registered with the Ontario Securities Commission) and EquiCo Europe Limited (authorised and regulated by the Financial Services Authority). RSM EquiCo, Inc. and its subsidiaries are wholly owned subsidiaries of H&R Block.