Clearview Capital Completes Third Add-on for Hettinger Welding

March 18 , 2008

Clearview Capital, LLC of Old Greenwich, CT has completed the acquisition of Mayo Welding Services, Inc. of Berthoud, CO as an add-on transaction to its portfolio company, Hettinger Welding, LLC. Mayo is Hettinger’s third add-on transaction in the last twelve months. The transaction closed on March 17, 2008.
Hettinger Welding, LLC, is a leading provider of construction services for customers building natural gas infrastructure in the Rocky Mountain region. Today, Hettinger offers the following services to the natural gas, utility and mining industries: pictureof a pumpkin

  1. facility construction and welding, including instrumentation and electrical work
  2. fabrication of compression stations, meter skids and vessels
  3. pipeline installation
  4. excavation operations including facility site preparation, water containment ponds, roads, and pipeline right of ways
  5. crane operations and
  6. horizontal directional boring.

Mayo Industries provides similar custom construction, fabrication, and engineering design services to its customers. Mayo Industries extends Hettinger’s service offering with a fully staffed engineering department and core expertise in steel pipeline construction. The acquisition adds to Hettinger’s management depth and geographic reach. More importantly, it creates a fully integrated engineering, procurement, and construction company unique to the natural gas industry in the Rocky Mountain region.
Larry and David Mayo, founders of Mayo Industries with their father Michael Mayo, re-invested a portion of their proceeds into Hettinger Welding, LLC, obtaining an equity stake similar to other key management. The Mayos will continue to direct field services, fabrication and engineering from their Denver based locations.