Wind Point Partners acquires GasServ businesses from Harsco and Taylor-Wharton International welcomes new ownership.
Wind Point Partners, a private equity investment firm, has announced the acquisition of the Harsco GasServ group of gas technology businesses from Harsco Corporation.
The acquisition includes Taylor-Wharton, compressed gas cylinders and cryogenic storage vessels; American Welding & Tank, propane tanks; Structural Composites Industries, filament wrapped composite cylinders and Sherwood precision valve products.
The four complementary businesses will operate collectively as Taylor-Wharton International (TWI) and form the world’s leading technology, service and manufacturing network for gas applications involving pressure vessels and precision valves.
New CEO for TWI
Robert E. Gadomski has been appointed to the position of chief executive officer for TWI. The majority of the existing management team will remain in place as TWI’s management team. Bob Gadomski is a high energy executive who worked at Air Products and Chemicals, Inc. for 34 years, most recently, as the Executive Vice President of the Gases and Equipment Group. He has comprehensive knowledge of the TWI product lines, markets and customers and has extensive manufacturing and engineering experience. After three years of consulting and university teaching, Bob is excited to return to the challenge of business building.
Mr Gadomski commented that, “Wind Point is delighted to own the TWI businesses and will step-up investment in innovative new products, improved services and manufacturing efficiencies.” He further noted that, “We recognize that substantial growth opportunities exist throughout the global gas marketplace and we will invest to improve TWI’s relationships and technical capabilities. Our strategic approach to expanding TWI’s worldwide footprint will also include future growth through acquisition.”