J-W Measurement Company Announces New Name and Leadership Changes
ADDISON, Texas, Aug. 28, 2013 /PRNewswire/ -- J-W Measurement Company and White Deer Energy L.P. II (and affiliates) announced today the new name and logo of J-W Measurement Company, which was acquired in July 2013 from J-W Energy Company. In addition, J-W Measurement Company has named its senior operations and leadership team.
The new name of J-W Measurement Company is "Legacy Measurement Solutions."
Danny Hendrix, President and CEO of Legacy Measurement Solutions stated, "Legacy Measurement Solutions is committed to maintaining the quality, service and delivery that has allowed it to become the largest gas measurement company in the United States. The new name represents the fact that we want to remember where we have come from and remind ourselves that our actions create our legacy as a corporation. Our long time clients should look forward to growing capacity and product offerings from Legacy Measurement Solutions. We have embarked on an aggressive growth plan that includes organic growth of manufacturing capacity, an investment in technical expertise and possible strategic acquisitions. This is an exciting time for our company and we are grateful for the opportunities that the current business environment has provided to us."
Jim Meneely, Managing Director of White Deer Energy L.P. II stated, "White Deer stands ready to fund Legacy Measurement Solutions' growth initiatives, and looks forward to working with Danny and his talented team."
Legacy Measurement Solutions employs over 450 people operating in 14 states. It has 23 sales offices nationwide and utilizes over 180,000 sq. ft. of manufacturing space. Legacy Measurement Solutions has a strong niche in the measurement equipment fabrication industry for gas and liquid hydrocarbons. Further it provides ASME engineered processing and production equipment and systems. Legacy Measurement Solutions also employees over 60 field technicians to service, maintain, install, commission and start-up its products through its field services group.
As part of the buyout and transition of J-W Measurement Company into Legacy Measurement Solutions, it was decided that new roles and responsibilities would be required in order to successfully transition into a standalone entity. Accordingly, a senior level reorganization was engineered and executed.
Senior Operations and Leadership Team:
Danny T. Hendrix, 59, President and Chief Executive Officer
G. Gene Gradick Jr., 44, Chief Operating Officer
Mark B. Newman, 43, Chief Financial Officer
Gary A. Crisp, 54, Vice President Operations - North East Division
Troy H. Tuminello, 44, Vice President Operations - East Division
Tony J. Chaput, 51, Vice President Operations - West Division
"This leadership restructuring is critical to the successful execution of our ambitious growth plan," said Mr. Hendrix. He further commented, "the company intends to continue developing talent and creating career path opportunities for all of its valued employees."
The headquarters for Legacy Measurement Solutions will remain in the North Dallas area of the DFW Metroplex.
Legacy Measurement Solutions (formerly J-W Measurement Company) specializes in providing engineered oil and gas measurement stations, custom or standard meter tubes, power supply equipment, production equipment, and fabricated buildings. In addition, Legacy Measurement Solutions offers electronic flow meters (EFM), flow recorders, instrumentation & accessories, as well as services including laboratory analysis, data processing, meter tube inspections/cleaning, installations, maintenance and communications systems.
White Deer Energy is an energy private equity firm focused on the exploration and production, oilfield service and equipment manufacturing, and midstream sectors of the oil and gas industry. With $2.2 billion of capital commitments across two private equity funds, White Deer Energy is a long-term investor targeting equity investments of $50 to $150 million. With offices in Houston and New York, White Deer Energy has a combination of industry expertise and capital that makes it an attractive partner for rapidly growing energy companies.
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SOURCE J-W Measurement Company