in News Departments > New & Noteworthy
print the content item

Industrial services provider MISCOR Group has acquired privately held 3-D Service, a provider of industrial services to the wind energy industry.

MISCOR also announced it closed a $20 million equity investment by institutional investor Tontine Capital Partners. Proceeds from the private placement will be used to fund costs associated with the acquisition of 3-D Service, as well as for future working capital and acquisition activity.

"This acquisition allows us to expand our growing Midwest presence and gives us a foothold in the wind energy industry, which we believe has great growth potential and a positive environmental impact," says John Martell, president and CEO of MISCOR.

As part of the acquisition, MISCOR says Bernie DeWees, owner and current president of 3-D Service, will join MISCOR as president of Magnetech Industrial Services, a wholly owned subsidiary of MISCOR. DeWees brings more than 29 years of experience in the industrial services industry. 3-D Service will become part of Magnetech Industrial Services.



Trachte Inc._id1770
Latest Top Stories

Alberta Breaks Wind Power Record, Then Does It Again

Last week, the Alberta Electric System Operator recorded new wind production peaks in the Canadian province - highlighting how well the grid integrated the renewable energy.


Federal Appeals Court Finds Obama's Wind Farm Decision Unconstitutional

A federal appeals court ruled that the U.S. government violated the constitutional rights of Chinese-owned Ralls Corp. when ordering the divestment of four Oregon wind farms.


Renewables Make Up Over 50% Of New U.S. Power In First Half Of 2014

According to a recent government report, renewable energy sources, such as wind and solar, continue to dominate new electric generating capacity.


Suzlon Facility Lends Key Assist In Developing 'The Wind Technicians Of Tomorrow'

The turbine manufacturer’s Elgin, Ill.-based training facility is the culmination of a program that puts a new twist on a proven method of instruction.


Having Their Say: CanWEA Clarifies True Source Of Canadian Wind Success

The Canadian Wind Energy Association (CanWEA) takes issue with a recent report summary regarding various renewable energy policies in North America.

Navigant_id1983
Renewable NRG_id1934
Canwea_id1984