G.L. Ohrstrom & Co., Inc., a New York-based private equity firm, has created and capitalized Seal Industries, Inc. Seal Industries has been created to consolidate the industrial and energy services markets.
“Seal is currently completing its first acquisition and the Company will initially provide environmental compliance and related repair services to the refinery and petrochemical markets.” stated Mr. George Pfeil of GLO & Co. “While Seal has initially focused on the health, safety and environmental (“HSE”) functions in industrial plants, we envision the Company becoming a significant platform offering a broad range of value- added services to its customer base. Over the next few years, we will actively pursue attractive add-on businesses.”
Partnership with Management
Mr. Tom McMullen, President of Seal Industries, Inc. stated “Seal represents a foundation investment in the HSE marketplace. Seal’s management team is excited to work with GLO as we develop and expand a strong operating platform in the industrial and energy services market.”
About G.L. Ohrstrom & Co., Inc.
G.L. Ohrstrom & Co., founded by George L. Ohrstrom in 1926, is managed by Mr. Wright Ohrstrom. The firm focuses exclusively on private equity investments in North America and invests in family or management-owned companies that provide value-added, technical services or highly-engineered products to diverse end markets. Representative prior investments include Roper Industries (NYSE: ROP), Dover Corporation (NYSE: DOV) and Carlisle, Inc. (NYSE: CSL).
About Seal Industries, Inc.
Seal is headquartered in Houston, TX and completed its first acquisition in March 2009. The Company seeks to acquire well-managed, privately held companies that supply technical, consulting and repair services to refinery, petrochemical, power plant and other process markets.