Maritime Industrial Services

Generational Equity Advises Authentic Drilling in its Sale to Specialty Drilling Holding Company, a portfolio company of Kalbot Holding Company

Retrieved on: 
Tuesday, November 14, 2023

Generational Equity , a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client Authentic Drilling, Inc. to Specialty Drilling Holding Company LLC, a portfolio company of Kalbot Holding Company LLC.

Key Points: 
  • Generational Equity , a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client Authentic Drilling, Inc. to Specialty Drilling Holding Company LLC, a portfolio company of Kalbot Holding Company LLC.
  • Authentic Drilling (Authentic) is a leading multi-regional provider of difficult access geotechnical, environmental, exploration, and water well drilling services.
  • Kalbot Holding Company (Kalbot) is a private investment firm that invests in lower-middle-market industrial businesses, with a primary focus on the Environmental Services and Industrial Services sectors.
  • Generational Equity Executive Managing Director of M&A – Western Region, Stephen Crisham and his team, led by Sr.

BlueFin Achieves ISO 9001 and ISO 45001 Certification

Retrieved on: 
Friday, December 15, 2023

NEW IBERIA, La., Dec. 14, 2023 /PRNewswire/ -- BlueFin, a 100% employee-owned, GATE Energy company, is proud to announce that they have successfully achieved two prestigious DNV certifications: ISO 9001 and ISO 45001.

Key Points: 
  • NEW IBERIA, La., Dec. 14, 2023 /PRNewswire/ -- BlueFin, a 100% employee-owned, GATE Energy company, is proud to announce that they have successfully achieved two prestigious DNV certifications: ISO 9001 and ISO 45001.
  • Per DNV, ISO 9001 provides a model for a quality management system which focuses on the effectiveness of the processes in a business to achieve desired results.
  • ISO 45001 was published in March 2018 to reflect the latest global best practices for health and safety program delivery and replaces the older OHSAS 18001 standard.
  • Lee Jordan, CEO of GATE Energy, added "We see ISO certification as being a best practice in supporting the safe and effective delivery of our projects.

ANNOUNCING THE NEWEST INDUCTEES INTO THE AAF ADVERTISING HALL OF FAME

Retrieved on: 
Wednesday, November 29, 2023

WASHINGTON, Nov. 29, 2023 /PRNewswire/ -- The American Advertising Federation (AAF), the "Unifying Voice for Advertising," announced today the inductees into the 2024 AAF Advertising Hall of Fame (AHOF). Six industry luminaries will join this prestigious group, along with corporate icon AT&T. The announcement will be celebrated during the closing bell ceremony at the New York Stock Exchange (NYSE).

Key Points: 
  • Six Industry Icons to Receive Advertising's Most Esteemed Honor;
    WASHINGTON, Nov. 29, 2023 /PRNewswire/ -- The American Advertising Federation (AAF), the "Unifying Voice for Advertising," announced today the inductees into the 2024 AAF Advertising Hall of Fame (AHOF).
  • Their journeys, their stories are what make the AAF Hall of Fame the biggest night in advertising."
  • In its 70+ years, only 282 advertising legends and 12 global companies have been elected to the Hall of Fame .
  • "The AAF Advertising Hall of Fame brings together the nation's top leaders in American advertising, marketing, media, and tech and is another example of how AAF serves as the 'Unifying Voice for Advertising,'" commented Steve Pacheco, President and CEO, American Advertising Federation.

Clean Harbors Announces Third-Quarter 2023 Financial Results

Retrieved on: 
Wednesday, November 1, 2023

Clean Harbors, Inc. (“Clean Harbors”) (NYSE: CLH), the leading provider of environmental and industrial services throughout North America, today announced financial results for the third quarter ended September 30, 2023.

Key Points: 
  • Clean Harbors, Inc. (“Clean Harbors”) (NYSE: CLH), the leading provider of environmental and industrial services throughout North America, today announced financial results for the third quarter ended September 30, 2023.
  • This compared with net income of $135.8 million, or $2.50 per diluted share, for the same period in 2022.
  • In light of current market conditions and third-quarter results, for full-year 2023, Clean Harbors now expects:
    Adjusted EBITDA in the range of $1.005 billion to $1.025 billion or a midpoint of $1.015 billion.
  • Clean Harbors reports Adjusted EBITDA, which is a non-GAAP financial measure and should not be considered an alternative to net income or other measurements under generally accepted accounting principles (GAAP) but viewed only as a supplement to those measurements.

Energy Sector Survey Highlights Optimism and Growth in Canadian Energy Industry: Over 88% of Respondents Report a Positive Outlook for the Sector

Retrieved on: 
Tuesday, October 17, 2023

"Given our extensive coverage of the energy space, ATB Capital Markets is able to offer a distinctive vantage point on insights into the energy sector," said Darren Eurich, CEO of ATB Capital Markets.

Key Points: 
  • "Given our extensive coverage of the energy space, ATB Capital Markets is able to offer a distinctive vantage point on insights into the energy sector," said Darren Eurich, CEO of ATB Capital Markets.
  • Included in the responses were their perspectives on the sector, outlook for the upcoming year, significant challenges faced, opportunities, and emerging industry trends.
  • According to the survey, an overwhelming 88% of E&P executives expect production growth in the next 12 months.
  • Survey participants highlighted federal energy and environmental policies and regulations as the primary concern for the medium-to-long-term outlook of the Canadian energy industry, with 68% expressing concern.

Cemtrex Reports Third Quarter 2023 Financial Results

Retrieved on: 
Thursday, August 10, 2023

Brooklyn, NY, Aug. 10, 2023 (GLOBE NEWSWIRE) --  - Cemtrex Inc. (NASDAQ: CETX, CETXP), an advanced security technology and industrial services company, has reported its financial and operational results for the third quarter ended June 30, 2023.

Key Points: 
  • ET
    Brooklyn, NY, Aug. 10, 2023 (GLOBE NEWSWIRE) -- - Cemtrex Inc. (NASDAQ: CETX, CETXP), an advanced security technology and industrial services company, has reported its financial and operational results for the third quarter ended June 30, 2023.
  • Total operating expenses for three months ended June 30, 2023, were $6.4 million, compared to $6.6 million in the prior year’s quarter.
  • Operating income for the third quarter of 2023 was $0.1 million as compared to an operating loss of $1.5 million for the third quarter of 2022.
  • Cemtrex Chief Executive Officer Saagar Govil and Chief Financial Officer Paul Wyckoff will host the conference call, followed by a question-and-answer period.

Clean Harbors Announces Second-Quarter 2023 Financial Results

Retrieved on: 
Wednesday, August 2, 2023

Clean Harbors, Inc. (“Clean Harbors”) (NYSE: CLH), the leading provider of environmental and industrial services throughout North America, today announced financial results for the second quarter ended June 30, 2023.

Key Points: 
  • Clean Harbors, Inc. (“Clean Harbors”) (NYSE: CLH), the leading provider of environmental and industrial services throughout North America, today announced financial results for the second quarter ended June 30, 2023.
  • “Clean Harbors delivered a strong second-quarter performance, highlighted by the continued momentum of the Environmental Services (ES) segment,” said Eric Gerstenberg, Co-Chief Executive Officer.
  • Industrial Services continues to be a meaningful contributor to our 2023 success, and we expect a healthy fall turnaround season.
  • For the third quarter of 2023, Clean Harbors expects its ES segment to continue to grow and perform well.

Significant Production Efficiencies to be Realized at Egyptian Chemical Plant, Thanks to Automation, Motor Control and Enclosure Solutions from Rockwell Automation

Retrieved on: 
Monday, July 24, 2023

BRUSSELS, July 24, 2023 /PRNewswire/ -- Rockwell Automation, Inc. (NYSE: ROK), the world's largest company dedicated to industrial automation and digital transformation, today announced that its automation and motor control center (MCC) technology will play a pivotal role in a significant modernization program at the Abu Zaabal Fertilizer Chemical co (AZFC) in Egypt.

Key Points: 
  • The plant upgrade also sees a major global win for CUBIC , which Rockwell Automation acquired in 2022.
  • The brownfield site undertakes the production of sulfuric acid 98% for phosphate fertilizers.
  • Cubic's design, software, and engineering support, coupled to its status within Rockwell Automation, really gives us an edge."
  • The project has gained final acceptance for detailed engineering and is currently in the delivery phase.

Audax Private Equity Raises $7.8 Billion for Flagship Fund and Origins Fund I

Retrieved on: 
Tuesday, July 11, 2023

“We’re excited to introduce our Origins strategy,” added Audax Private Equity Co-President Keith Palumbo. “Our approach remains unchanged -- Audax Private Equity’s scale and deep strategic resources provide a distinct competitive advantage to middle and lower middle market companies positioned to accelerate organic and inorganic growth initiatives.”

Key Points: 
  • Audax Private Equity (“Audax”), a leading alternative investment manager and capital partner for North American middle market companies, successfully closed two new funds: Audax Private Equity Fund VII (“Fund VII”) and Audax Private Equity Origins Fund I (“Origins”).
  • Origins closed on $774 million in commitments, while Audax’ flagship vehicle, Audax Private Equity Fund VII, hit its hard cap of $5.25 billion in commitments.
  • “We are grateful to our limited partners, both long-standing supporters and new relationships,” said Young J. Lee, Co-President of Audax Private Equity.
  • Since its inception, Audax Private Equity has committed $4.1 billion to invest alongside the firm’s LPs.

SUPCON Gains Momentum in Saudi Arabia and the Gulf with Recent Project Wins

Retrieved on: 
Tuesday, July 4, 2023

HANGZHOU, China, July 4, 2023 /PRNewswire/ -- SUPCON (688777.SH, SUPCON.SW), a trailblazer in process automation and digital transformation in China, has announced a series of project wins across Saudi Arabia and the Gulf.

Key Points: 
  • HANGZHOU, China, July 4, 2023 /PRNewswire/ -- SUPCON (688777.SH, SUPCON.SW), a trailblazer in process automation and digital transformation in China, has announced a series of project wins across Saudi Arabia and the Gulf.
  • These recent project wins demonstrate SUPCON's capability to provide a wide range of solutions from instrumentation, automation & information to top-level management solution.
  • The company has been expanding into the Gulf region with ambitious planning and preparation, leveraging the increasingly strong economic ties between China and Saudi Arabia, especially under the backdrop of Belt & Road Initiative and Vision 2023.
  • These visits herald a new era of SUPCON's partnership with major players in Saudi Arabia and the Gulf.