USS Lamons | Jotup

FIRST RESERVE ANNOUNCES PROMOTION

Retrieved on:

Monday, January 8, 2024

UBS, Partnership, Master of Accountancy, University, First Reserve Corporation, USS Lamons, Growth, Investment, Entrepreneurship, Financial services

STAMFORD, Conn. and HOUSTON, Jan. 8, 2024 /PRNewswire/ -- First Reserve, a leading global private equity investment firm exclusively focused on investing across diversified energy, utility, and general industrial end-markets, today announced the promotion of Thomas Amburgey to Managing Director, effective January 1, 2024.

Key Points:

STAMFORD, Conn. and HOUSTON, Jan. 8, 2024 /PRNewswire/ -- First Reserve, a leading global private equity investment firm exclusively focused on investing across diversified energy, utility, and general industrial end-markets, today announced the promotion of Thomas Amburgey to Managing Director, effective January 1, 2024.
Prior to joining First Reserve, Thomas worked as an analyst in the Financial Sponsors and Leveraged Finance division at UBS Investment Bank.
Alex Krueger, President and CEO of First Reserve, stated, "At First Reserve, our success investing across the diversified energy, utility, and industrial end-markets is driven by the quality and expertise of our team.
On behalf of First Reserve's senior leadership, I am pleased to congratulate him on his promotion, and am confident he will continue to play a key role in our long-term growth and success as a firm."

Lamons Introduces New Hydrogen Gasket

Retrieved on:

Tuesday, October 10, 2023

Temperature, PFAS, Hydrogen, Natural gas, USS Lamons

Houston, Oct. 10, 2023 (GLOBE NEWSWIRE) -- Lamons® launched today the CorrLock™ gasket to address the need for reliable and safe sealing solutions for the hydrogen market.

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Houston, Oct. 10, 2023 (GLOBE NEWSWIRE) -- Lamons® launched today the CorrLock™ gasket to address the need for reliable and safe sealing solutions for the hydrogen market.
The PFAS-free solution is based on the field-proven CorruKamm gasket and made with a dual seal for less downtime, improved operational efficiency and significant cost savings.
“The CorrLock gasket will change the industry standard for hydrogen and industrial gas applications,” said Marc Roberts, CEO, Lamons.
“We custom designed this gasket to go above and beyond the industry and environmental standards for leak rates, performance and temperature ratings to provide our customers with a superior product as they continue through the energy transition.”
For more technical specifications and to learn more about the CorrLock gasket visit, www.lamons.com .

Lamons Releases 2022 Sustainability Report

Retrieved on:

Thursday, August 24, 2023

DNA, Sustainability reporting, GHG, Natural Resources, DE, Committee, Organization, ESG, Environmental stewardship, Environment, Safety, Renewable energy, USS Lamons

Houston, Aug. 24, 2023 (GLOBE NEWSWIRE) -- Lamons has released its 2022 Sustainability Report highlighting the commitments the company is making for environmental, social, and governance (ESG) excellence.

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Houston, Aug. 24, 2023 (GLOBE NEWSWIRE) -- Lamons has released its 2022 Sustainability Report highlighting the commitments the company is making for environmental, social, and governance (ESG) excellence.
“As a responsible corporate citizen, our commitment to ESG excellence is deeply embedded in our DNA,” said Marc Roberts, CEO, Lamons.
In 2022, Lamons reported a total recordable incident rate (TRIR) of 0.85 for 1,412,862 man-hours worked.
In 2022, the company also held several drives and partnered with local community organizations cultivating positive impacts where it operates.

Lamons and Modumetal Announce Partnership

Retrieved on:

Monday, July 24, 2023

Maintenance, Partnership, Corrosion, Metal, History, Safety, Cassette tape, USS Lamons

HOUSTON, TX (July 24, 2023) – Lamons, a global leader in safety sealing and attachment solutions, announced a new partnership with Modumetal, a state-of-the-art research and development company focused on a new class of metals known as nanolaminated metals.

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HOUSTON, TX (July 24, 2023) – Lamons, a global leader in safety sealing and attachment solutions, announced a new partnership with Modumetal, a state-of-the-art research and development company focused on a new class of metals known as nanolaminated metals.
Combining the 75-year history and experience of Lamons with Modumetal’s innovative NanoGalv® zinc-nickel plating advances corrosion protection for bolting and improves performance.
“Our focus on continual improvement and performance made for a natural partnership with Modumetal,” said Marc Roberts, CEO, Lamons.
“Our NanoGalv system takes performance to the next level,” said Santosh Mathilakath, President & CEO, Modumetal.

Logik.io Raises $16M Series A to Help Businesses Sell Simpler

Retrieved on:

Tuesday, May 23, 2023

The round was led by Emergence Capital, which also backed high-growth category-leading businesses such as Zoom, Veeva, Box, and G2.

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The round was led by Emergence Capital, which also backed high-growth category-leading businesses such as Zoom, Veeva, Box, and G2.
ServiceNow Ventures also contributed to the round, and Salesforce Ventures returned as an investor in Logik.io.
Today, there is a gap in B2B selling between the high-touch complex sales processes most B2B businesses force buyers into, and their buyer’s demands for faster, simpler, consumer-like experiences.
More than half of Logik.io’s customers are publicly traded and have an average market capitalization of more than $25 billion.

TriMas Completes the Sale of Its Lamons Division

Retrieved on:

Friday, December 20, 2019

Aerospace, Manufacturing, Other Manufacturing, Packaging, Engineering, Bloomfield Hills, Michigan, USS Lamons

TriMas (NASDAQ: TRS) today announced that it has successfully completed the sale of its Lamons division, a transaction entered into with an investment fund sponsored by First Reserve on November 1, 2019.

Key Points:

TriMas (NASDAQ: TRS) today announced that it has successfully completed the sale of its Lamons division, a transaction entered into with an investment fund sponsored by First Reserve on November 1, 2019.
This strategic step also unlocks TriMas ability to reposition our portfolio by concentrating our resources and investments in our Packaging and Aerospace segments.
TriMas will report the 2019 results of its Lamons division, which was previously reported in the Specialty Products segment, as discontinued operations beginning in the fourth quarter of 2019.
TriMas is publicly traded on the NASDAQ under the ticker symbol TRS, and is headquartered in Bloomfield Hills, Michigan.

TriMas Enters Into Agreement to Sell Its Lamons Business

Retrieved on:

Monday, November 4, 2019

Energy, Other Energy, Oil, Gas, USS Lamons, NASDAQ, Finance, Economy of the United States

TriMas (NASDAQ: TRS) today announced that TriMas Company, LLC, a wholly-owned subsidiary of TriMas Corporation, has entered into a definitive agreement to sell its Lamons business to First Reserve, a private equity firm focused on energy investing, for $135 million in cash, subject to customary working capital and purchase price adjustments.

Key Points:

TriMas (NASDAQ: TRS) today announced that TriMas Company, LLC, a wholly-owned subsidiary of TriMas Corporation, has entered into a definitive agreement to sell its Lamons business to First Reserve, a private equity firm focused on energy investing, for $135 million in cash, subject to customary working capital and purchase price adjustments.
Lamons, currently part of TriMas Specialty Products segment, generated approximately $186 million in net sales for the 12 months ended September 30, 2019.
TriMas will report Lamons results of operations as discontinued operations beginning in the fourth quarter of 2019.
We would like to thank the Lamons team for its contributions to TriMas and its leadership throughout the sale process.