PillarFour Capital Announces Investment in The Bayou Companies
December 18, 2018 Calgary, Canada
PillarFour Capital Partners (“PillarFour”), an energy focused private equity fund, is pleased to announce an investment in The Bayou Companies, LLC. (“Bayou” or the “Company”), a leading pipeline coatings and insulation provider based in New Iberia, Louisiana. PillarFour has invested into Bayou by way of a co-investment alongside Altamont Capital Partners (“Altamont”), a private equity firm with over $2.5 billion of capital under management.
Bayou is widely recognized as a market leader in offshore and onshore pipe coatings and insulation, including highly-specialized insulation for the oil & gas industry. Throughout its long history, Bayou has been a reliable partner for its customers across its mission-critical suite of services and has continued to invest in capabilities that match the increasingly complex demands of the pipeline community. Bayou’s prime location and expansive manufacturing and storage footprint provides efficient logistics and seamless operations for its customers.
“We are pleased to partner with Altamont and the Bayou management team. Over Bayou’s 75-year history, the Company has built a reputation of reliability for its clients and differentiated itself as an innovator within the offshore oil and gas pipeline coating and insulation market.” noted Matt Colucci, Managing Partner of PillarFour.
Iain Bridges, Principal at Altamont, added: “Alongside our operating partners, we believe PillarFour’s investment adds additional, complementary industry-specific expertise to further accelerate and assist in the growth of Bayou.”
About PillarFour Capital
PillarFour is a global private equity fund with offices in Calgary and London, UK. PillarFour is focused on investing in private, oilfield service companies that have a differentiated business model and a sustainable competitive advantage through innovation. Our investment team is made up of dedicated energy professionals, offering our investee companies decades of operational, financial, strategic planning and capital markets expertise. We partner with high quality management teams, putting in place strategies that maximize value creation by emphasizing operational excellence and prudent governance. www.pillarfourcapital.com
For more information, please contact: