Midwest Cooling Tower Services Acquires Industrial Cooling Tower Services
Krotz Springs, Louisiana-based Midwest Cooling Tower Services LLC has acquired Industrial Cooling Tower Services Inc., a full-service cooling tower contractor providing services to the industrial and power generation markets. Industrial Cooling Tower Services, based in Baton Rouge, Louisiana, provides quality and professional services ranging from engineering/new construction to thermal upgrades, general repairs, maintenance programs and inspection services.
Midwest Cooling Tower Services LLC was established in 1984 and provides a full range of cooling tower maintenance and services to oil refineries and industrial plants, including upgrades, repairs, emergency work, basin cleaning, inspections and the provision of mobile cooling units to allow plants to continue operating during repairs.
Midwest Cooling Tower Services is majority capitalized by a fund represented by Dorilton Capital Advisors LLC in New York.
“We are delighted to put together these two leaders in the cooling tower space,” said Darren Fultz, principal at Dorilton Capital and board member at Midwest Cooling Tower LLC. “We believe the two companies are highly strategic to one another and many synergies will be realized. This will enable the combined forces to provide an even stronger, robust service suite to our industrial clientele.”
“We are pleased to transition our business over to Midwest Cooling Towers,” said Scott Knecht, principal at Industrial Cooling Tower Services. “Being in the same construction specialty and operating with the same basic business philosophy makes for a smooth transition for our loyal customers and employees. In addition, Midwest brings additional capabilities to the company, which allows for a greater range of services to be offered and promote future growth. We are excited to work with the new ownership and have always maintained a level of respect for their approach to business and customer relationships.”
“This acquisition allows for greater opportunities for both companies. We are excited to join forces and grow the combined business,” said Midwest Cooling Tower Services Vice President Paul Wiltz. “We welcome Industrial Cooling Tower Services to the Midwest Cooling Tower Services family.”