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

Utility-Scale Wind And Solar Keep Getting Cheaper

A new study measures the levelized cost of energy from various technologies and suggests that the costs of utility-scale wind and solar power are catching up with those of traditional sources, even without subsidies.


The Song Remains The Same: Ontario Seeks More Science Before Lifting Offshore Ban

The Ontario government says the nearly four-year-old offshore wind moratorium will remain in place until the province fully understands the technology’s impact on the environment.


Why States Should Adopt A Renewable Portfolio Standard

A new study analyzes the potential benefits of state renewable energy mandates, as well as recommends what such policies should include.


Sen. Reid Vows To Bring Wind PTC To A Vote By Year's End

Nevada's senior senator provides some encouragement to wind industry advocates during his annual Clean Energy Summit.


Steadily, Wind Turbine OEMs Resume R&D Investment

An increased commitment to research and development will likely lead to wind energy innovation - not to mention a likely increase in patent-protected technology.

Canwea_id1984
Renewable NRG_id1934
Future Energy_id2008
UnitedEquip_id1995