First Reserve acquires Applied-Cleveland Holdings

First Reserve, a global private equity and infrastructure investment firm exclusively focused on energy, has acquired Applied-Cleveland Corporation (A-C) from Nautic Partners. A-C is a provider of inspection and integrity management services for energy infrastructure assets in North America across a variety of energy end markets, including transmission, gathering and distribution.

Houlihan Lokey acted as financial advisor to A-C in this transaction. Transaction terms were not disclosed.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...