Aquila Power Services Changes Its Name to Aquilex Services Corp.Business/Energy Editors HOUSTON--(BUSINESS WIRE)--Nov. 6, 2002 Aquila Power Services Corporation, a privately held portfolio company of First Reserve Corporation, today announced the changing of its name to Aquilex Services Corp. About Aquilex Services Corp. Aquilex Services Corp. (Houston) is a leading provider of maintenance, repair and overhaul Maintenance, Repair and Overhaul or MRO is a multi-billion dollar industry which works on international authorization rules to deliver a safe airline operation and to assure reliability and availability of customer fleets. services; pollution control equipment; and engineering and fabrication fabrication (fab´rikā´sh  n),n the construction or making of a restoration. to the power generation and other industries. First Reserve Corporation formed Aquilex Services Corp. to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. the projected growth for these industries, both domestically and internationally. To date, Aquilex has acquired Welding Services Inc., Wheelabrator Air Pollution Control Inc. and C&W Fabricators Inc. Aquilex's equity investors include First Reserve, CIBC CIBC Canadian Imperial Bank of Commerce CIBC Centres Interinstitutionnels de Bilan de Compétences CIBC Commonwealth Institute of Biological Control (Trinidad) CIBC Commercial International Brokerage Company Capital and Abbott Capital. www.aquilex.com About First Reserve Corporation First Reserve Corporation (Greenwich, Conn.) is the leading private equity firm specializing in the energy industry, with $2.5 billion under management. Founded in 1980, First Reserve was the first private equity investment firm to actively pursue building a broadly diversified investment portfolio within the energy industry. First Reserve is currently or was previously the largest shareholder of Chicago Bridge & Iron, Pride International, National Oilwell, Weatherford International Weatherford International Ltd (NYSE: WFT) is one of the world's largest diversified upstream oilfield service companies. Weatherford provides services ranging from directional drilling, open and cased-hole wireline logging to underbalanced systems expertise, drilling, , Maverick Tube Corporation, Cal Dive and Superior Energy Services Superior Energy Services is an oil and gas company based in Harvey, Louisiana, USA with many other locations around the world. . www.frcorp.com |
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