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

Setting The Record Straight: How Many Birds Do Wind Turbines Really Kill?

Several peer-reviewed studies are more or less in agreement with avian mortality rates caused by wind turbines. However, one study, which is wildly off from the others, is most often cited in the media. Why?


Six Takeaways From The IRS' Start Of Construction Guidance: What You Need To Know

The IRS recently issued guidance to wind developers to further spell out what "start of construction" means. Will you be covered?


Eagle Take Permits For Wind Farms - Will They Fly?

Now that the U.S. Fish and Wildlife Service has issued the first permit allowing the legal take of eagles, can wind developers expect more certainty in the agency's application process?


Despite 2013 Challenges, U.S. Wind Power Reaches All-Time Low Price

In a new report, the U.S. Department of Energy details the highs and lows of the country's wind industry last year, and the agency maintains that the U.S. sector remains strong.


Mexico On Pace To Set New Renewables Investment Record

A new report says the country has spent $1.3 billion on clean energy in the first half of 2014 and could end up seeing a record year. Furthermore, wind power is slated for significant growth in the region.

Canwea_id1984
Renewable NRG_id1934
Tower Conference_id1965