in a large number of transactions
across a wide spectrum of industries
FORT LAUDERDALE, Fla. (August 25, 2010) – Fort Lauderdale-based investment banking firm Farlie Turner & Co. announced today that it served as exclusive financial advisor to Offshore Cleaning Systems, LLC in its recent recapitalization with Denver-based private equity firm RedCloud Capital, Inc.
Based in Lafayette, Louisiana, Offshore Cleaning Systems is a leading provider of technology-enabled environmental cleaning solutions to the oil & gas production and drilling industry. The Company’s services include sand separation, tank and vessel cleaning, platform washdowns, dockside cleaning services, confined space entry services and offshore decontamination of naturally occurring radioactive material. With a primary focus on operations in the Gulf of Mexico, the Company serves a broad spectrum of energy operators and service companies. Following the transaction, Offshore Cleaning Systems will continue to operate under the direction of its founder and CEO Kenny DesOrmeaux.
"Farlie Turner provided valuable guidance and advice throughout the transaction process,” said Mr. DesOrmeaux. “They understood the shareholders’ objectives and achieved a very successful outcome that will enable the company to continue to grow and take advantage of opportunities in the marketplace going forward," he added.
Terms of the transaction were not disclosed.
About Farlie Turner & Co., LLC
Farlie, Turner & Co., LLC, and its affiliate Bayshore Partners, LLC, a broker-dealer registered with FINRA, provide merger and acquisition, private placement and financial advisory services to middle market companies. Please visit www.farlieturner.com for more information.
About RedCloud Capital, Inc.
RedCloud Capital, Inc. is a private equity firm that focuses on buy-and-build consolidations and growth capital investments in middle market companies. Founded in 2004 and based in Denver, Colorado, RedCloud invests in a wide range of industries with an emphasis on high-value added services and niche manufacturing. For more information, please visitwww.redcloudcapital.com.