Planning for future growth in the oil and gas industry, WHC Incorporated announced a transition of ownership to its senior management and its equity partner, Alvarex & Marsal Capital Partners and name change to WHC Energy Services LLC.
The corporate recapitalization was announced Dec. 9 and will provide the foundation for sustainable growth in a growing market. Current WHC management, led by Randy Warner, will continue to provide its customers with excellent construction services, safely and professionally.
The new company will grow through organic activities, strategic acquisitions, and geographic expansion, with the assistance and financial support of AMCP. In addition to the equity restructuring, the company will adopt a new name going forward: WHC Energy Services, LLC, doing business as WHC, and will launch a new logo and brand to convey WHC Energy Services’ enhanced capabilities.
“Everyone wins with this new company: customers, suppliers, new partners, former owners, employees, and management. The existing leadership team will remain at the helm and our new equity partners give us enhanced financial strength and strategic advantage,” said Warner. “WHC’s future and the service we provide our customers have never been brighter in the nearly 60 years WHC has been in business. Our ambition is to set the foundation and pace for another 60 years.”
WHC Energy Services LLC is a privately held general contractor that provides construction services for pipeline and related facilities to the oil and gas market. The Company also offers its customers pipeline right of way and facilities maintenance services.