Commercial Services and Supplies
Company Overview of Aquilex Holdings LLC
Company Overview
3344 Peachtree Road NE
Suite 2100
Atlanta, GA 30326
United States
4,000 Employees
Key Executives for Aquilex Holdings LLC
Aquilex Holdings LLC Key Developments
Bill Varner has announced his retirement as Aquilex Holdings LLC's President and Chief Executive Officer. In connection with the restructuring, Aquilex has announced the appointment of Donovan Boyd as Chairman of the Board of Directors of the company. Boyd previously served as the Chairman and Chief Executive Officer of HydroChem Industrial Services, which was acquired by Aquilex in 2007 and currently constitutes the company's Industrial Cleaning Division. Boyd currently serves on the Boards of Directors of Brand Energy and Infrastructure and B&G Crane Service. Rothschild is acting as financial advisor and investment banker and Richards, Layton and Finger is acting as legal advisor to Aquilex in connection with the restructuring. Alvarez and Marsal is acting as restructuring advisor to the company. Kirkland and Ellis is acting as legal advisor to Centerbridge in connection with the restructuring.
Aquilex Holdings LLC reported consolidated revenue results for the third quarter of 2011. Consolidated revenues decreased $9.6 million or 8.6% for the three months ended September 30, 2011, as compared to the prior year comparative quarter.
Aquilex Holdings LLC announced that it has reached an agreement for $15 million in incremental debt financing from a group of senior noteholders led by affiliates of Centerbridge Partners, L.P. This investment, which is expected to close and be fully funded, increases the company's liquidity to $33.5 million when coupled with its existing cash on hand of $18.5 million, as of November 14, 2011. The additional liquidity, which is being provided pursuant to a second-lien senior secured credit facility, will help ensure that Aquilex's operations continue in the normal course while the company continues to engage in constructive negotiations with lenders and senior noteholders regarding a consensual balance sheet restructuring.
Similar Private Companies By Industry
| Company Name | Region |
| Ellett Consulting | United States |
| Torrington Livestock Markets, Inc. | United States |
| Butera Beausang Cohen & Brennan | United States |
| Ameridial, Inc. | United States |
| New York Security Service Group | United States |
Recent Private Companies Transactions
| Type Date |
Target | |
| No transactions available in the past 12 months. | ||
Most Searched Private Companies
| Company Name | Geographic Region |
| NYC2012, Inc. | United States |
| Bertelsmann AG | Europe |
| Lawyers Committee for Civil Rights Under Law | United States |
| Rush University | United States |
| Greater Houston Partnership | United States |
Post a JobJobs
- Redmond, WA | AerojetPosted: Jan 14
- Chatsworth, CA | ADT Security ServicesPosted: May 02
- Charlotte, NC | Ingersoll-RandPosted: May 07
- Park Ridge, IL | Advocate Health Care NetworkPosted: May 07
Sponsored Financial Commentaries
Sponsored Links
To contact Aquilex Holdings LLC, please visit www.aquilex.com. Company data is provided by Capital IQ. Please use this form to report any data issues.
Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.
