Matrix buys Pelichem assets in Louisiana
BY ROD WALTON World Staff Writer
Wednesday, January 02, 2013
Matrix Service Co. will strengthen its industrial cleaning business with the acquisition of a Louisiana rival, the Tulsa-based maintenance and repair firm announced Wednesday.
The deal to buy assets and employees from Pelichem Industrial Cleaning Services LLC closed this week. Pelichem, based in Reserve, La., served customers in the refining and petrochemical industries.
“Pelichem has been a premier provider of high quality industrial cleaning services for over a decade,” Matrix CEO John Hewitt said in a statement. “This acquisition significantly expands our industrial cleaning business and further extends our geographic reach along the Gulf Coast.”
Matrix Service gains a new operating facility in Reserve, La., to go along with its existing industrial cleaning sites in Baton Rouge, La., Kansas City, Mo., and Tulsa. The transaction was paid with cash on hand and reportedly cost less than $10 million, according to Matrix.
Pelichem focuses on services such as tank cleaning, chemical cleaning, hydroblasting, waste transportation and vacuum services.