HOUSTON—April 4, 2016—B&W Energy Services, Inc., the leading full service provider of commissioning and pre-commissioning cleaning services, today announced a recent addition to the company’s executive team. Pelham Smith was appointed as Chief Financial Officer, joining the Company with over 30 years of experience in corporate finance.
“I’m very excited about Pelham joining our team and helping take us to the next level,” said Jason Brupbacher, Chief Executive Officer of B&W Energy Services. “Our growth over the past few years, as well as the refinement of our strategic initiatives looking forward, has given us the vision to engage in the acquisition of other companies. This will provide tremendous value to our customers and to the company as a whole. The coming months and years will be very exciting times for all of us.”
Smith will be responsible for overseeing the administrative, financial and risk management operations for the Company, and will participate in the identification, negotiation, financing and integration of potential acquisitions. As part of his over 30 years of experience in management and corporate finance positions, he spent 12 years with HydroChem Industrial Services, Inc., where he successfully executed a series of acquisitions which helped grow the business from $18 million to over $200 million in revenue. Smith was an integral part of HydroChem’s growth, as the business evolved from a regional company with a single service line, into a national company with multiple service lines and international activities. The combination of his industry experience at HydroChem and his broader finance, acquisition and management experience make Smith a very strong addition to the executive team at B&W Energy Services.
“Last August, Jason Brupbacher, Tim Kuenstler and John Haldane approached me with the idea of joining the Company to help manage and grow their very strong and well-positioned business,” Smith said. “After further discussions I concluded that this would not only be a great opportunity, but a fun and exciting challenge, and I am very much looking forward to helping build upon B&W’s success to date.”
Smith’s wide range of experience includes management roles in COO, CFO, Managing Director and Corporate Development positions, private equity investing, and commercial and investment banking. Smith holds an MBA from Vanderbilt University and a BS from the University of Alabama.
To learn more about B&W Energy Services please contact Shelby Pipken at 214-215-6258 or [email protected].
About B&W Energy Services
B&W Energy Services is an ISO 9001:2008 certified global full service provider of commissioning and pre-commissioning cleaning services. Through commitment, dedication, and unmatched service quality, B&W Energy Services has positioned itself as an industry leader providing services on the world’s most complex projects. Our experience is not simply limited to the power energy sector. At B&W Energy Services our experience is vast, covering all energy sectors including oil and gas, petrochemical, power and renewable. AquaLazing, steam blowing, chemical cleaning, air blowing, oil flushing, project management and engineering.