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Trive Capital (“Trive”), the Dallas-based private equity firm, is excited to announce its investment in and partnership with the ParFab Companies which is comprised of ParFab Industries, LLC and ParFab Field Services, LLC, collectively (“ParFab”). Headquartered in Inola, Oklahoma, ParFab is a provider of components and field services for heat and pressure intensive applications related to the downstream energy infrastructure markets.
ParFab focuses on steel fabrication, ASME coil welding, piping, refractory and industrial coatings services from its fabrication facility, and its field services division focuses on process heater erection, revamp / re-tubing, and other activities stemming from the downstream new capital and recurring maintenance cycles.
“Trive is excited to form this partnership with a highly respected organization that is recognized for its ability to provide fabrication and field services to a multitude of downstream energy customers” commented Chris Zugaro, Partner at Trive Capital. “Trive’s goal is to support the existing strong growth of ParFab as they execute on their unique business model in the downstream services sector through our operational, hands-on approach.”
ParFab president Dale Williams said, “Trive’s collaborative approach to help ParFab expand its footprint and further entrench its position as a fully integrated downstream service provider was a clear differentiator. Trive’s relationship focused approach, ability and willingness to provide critical operational and financial support, as well as its keen understanding of our business model made Trive the preferred partner to ParFab.”
Trive Managing Director Desmond Henry noted, “ParFab’s mission critical fabrication, maintenance and repair services across their facility footprints is uniquely differentiated in the industry. As the maintenance and capital projects in the downstream energy sector grow in scope and complexity, Parfab’s multi-service capabilities provide customers with a differentiated product offering.”
About ParFab
ParFab is an Inola, Oklahoma-based provider of components and field services to the downstream energy infrastructure markets. ParFab’s facility is located on 100 acres with access within a 15 mile radius to highways, ports, and rails for shipment. The fabrication division provides steel fabrication, industrial coatings and refractory, and complex welding services. The field services division provides a broad suite of onsite services consisting of heater erection & revamps, specialty welding, code repairs, process unit revamps and turnarounds and recurring maintenance cycle work.