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American Industrial Partners’ Brock Group Completes Acquisition of Aegion’s Energy Services Businesses: Brinderson, Schultz & AllSafe


NEW YORK and HOUSTONNov. 2, 2022 /PRNewswire/ — American Industrial Partners (“AIP”) and the Brock Group (“Brock“) today announced the acquisition of Aegion Energy Services (“AES”), headquartered in Rancho Dominquez, CA.

AES, with its premier brand names, Schultz, Brinderson and AllSafe, and a high quality 2,000 strong workforce, is a leading provider of critical services for energy infrastructure in the maintenance, turnaround, construction and safety services in markets along the West Coast, Montana and Utah.

Brock (acquired by AIP in 2017) provides soft-craft services of scaffolding, insulation, paint and asbestos abatement to industrial, oil and gas, power generation, petrochemical and nuclear markets across the United States and Canada.  The business has continued to grow its footprint by adding additional market segments, including in the food & beverage, pharmaceutical, and municipality industries.  In 2018, Brock acquired Advanced Thermal Corporation to strengthen its insulating business by adding removeable blanket systems as a core product offering.  The addition of the Schultz, Brinderson and AllSafe brands brings to Brock a mechanical services capacity with long-term relationships with blue chip customers.  The combined Brock Group companies will provide customers a “two-expert” business model with the scale to drive reduced cost benefits across the spectrum of service offerings.  It will also enable geographical and industry markets expansion.

Randall Swift, Partner at AIP, said, “The combined entities create a powerful business that will have the scale, expertise, and a strong balance sheet with which to serve a diverse customer portfolio.”  “I believe that the Brock Group is well positioned to serve customers with additional service offerings and with a bigger footprint across the United States and Canada,” added Kip Gary, President and CEO of Brock Group.

Terms of the transaction were not disclosed. Fredrikson & Byron, P.A. acted as legal advisor to Brock.  Shearman & Sterling LLP acted as legal advisors for Aegion 

About the Brock Group:

The Brock Group is a leading provider of multi-craft specialty services to businesses operating in the Industrial Sector.  With headquarters located in Houston, Texas, the company services a diverse customer base from the petrochemical, refining, power generation, offshore, heavy manufacturing, pipelines and transmission, nuclear, pulp and paper, LNG, and pharmaceutical businesses who operate throughout the United States and Canada. With approximately $1.3 billion in revenue and 10,000+ employees, the Company supports routine maintenance, turnarounds and capital projects by providing services including scaffolding / work access, insulation, coatings/linings, and asbestos abatement, as well as additional associated services required by our customers. Brock has been in this business for 75+ years, which has fostered long standing relationships with a broad array of customers including some of the largest Fortune 500 companies that support critical infrastructure throughout North America.    For more information on Brock, visit www.brockgroup.com.

About American Industrial Partners:

American Industrial Partners is an operationally oriented private equity firm that makes control investments in industrial businesses serving domestic and global markets. The firm has deep roots in the industrial economy and has been active in private equity investing for over two decades. To date, AIP has completed over 100 transactions and currently has more than $7 billion of assets under management on behalf of leading pension, endowment, and financial institutions. For more information on AIP, visit www.americanindustrial.com

SOURCE The Brock Group

Brock Canada Wins Big!

Brock Canada has been awarded a portion of the scaffolding scope at Inter Pipeline’s Heartland Petrochemical Complex. The project is located 65 KMS (40 Miles) north of Brock Canada’s Nisku Headquarters, in Redwater Alberta. This scope is part of IPL’s 2021 Capital Project plan worth $1B with operation expected in 2022. This opportunity opens the door for Brock to obtain additional scope at the site.

The Heartland Petrochemical Complex is an approximately $4.0 billion project designed to consume approximately 22,000 b/d of locally-sourced, low-cost propane to produce approximately 525 kilotonnes per annum of polypropylene, a high-value, easily transported plastic used in the manufacturing of a wide range of finished products. The Heartland Complex will materially diversify and strengthen Inter Pipeline’s existing large-scale NGL processing business, while creating an attractive new market for Alberta propane. Construction is well underway at the Strathcona County site, near Inter Pipeline’s existing Redwater Olefinic Fractionator.

“The Heartland Petrochemical Complex represents the largest organic growth project in our history, and a key part of our growth strategy” Christian Bayle, Inter Pipeline President and CEO

Congratulations to Brock Canada!

Brock Canada Receives IRATA Membership

After a long and challenging process, the Brock Group is proud to announce that Brock Canada Field Services and Brock Canada Industrial Ltd. are now members of the Industrial Rope Access Trade Association (IRATA).

Rope Access is an alternate access solution that allows crews to reach heights and confined areas using a secure, two-rope system. It requires less personnel to complete tasks in an efficient way, which in turn translates to minimal downtime, increased production and improved safety. In over 30 years since its inception, IRATA has become the leading authority in industrial rope access. IRATA International, a trade association of rope access professionals run by its members, has a continuously evolving library of work procedures.  Member companies are monitored for compliance to ensure that a safe system of work access is established and maintained. This sets its member companies apart from rope access companies that are not subject to such rigorous monitoring, controls and IRATA’s robust Training, Assessment and Certification Scheme.

Brock, with its own superb history of robust safe work practices, felt this membership was an appropriate step in our ongoing pursuit of continuous improvement. Rope access has grown to become an important component of the Brock Canada business as we benchmark ourselves to the highest possible standards when it comes to Rope Access safety.

Brock’s commitment to “Be Better Every Day” allows us to follow a standard of care and respect which defines who we are and how we operate in pursuing excellence in every aspect of our business. Brock’s Rope Access Service Line offers facility owners another proven safe, efficient and cost-effective method for executing maintenance, turnaround and capital projects.

Brock Crew at Xcel Sets The Example For What It Means To Bbest

Both Brock’s site crew as well as the Brock billing team for one of our customers have set the example of what it means to Bbest. Both the crew and the billing department received high marks from the customer. “I wanted to make a comment about how nice the Hayden-2 boiler scaffolding is that Brock installed and that I am not sure I have had scaffolding this nice on this boiler and I have been on a bunch of outages over the years. Also, your lighting was spot on! Not only was the lighting excellent but to me it is a huge safety benefit because our contractors and Xcel employees can see and feel comfortable on your scaffolding,” said the customer. About the billing department they had this to say, “You have done an excellent job for us and we appreciate what you do! I deal with a lot of different contractors and billing and you are always right on top of things. Makes my job a lot easier. Thank you it is much appreciated!” Thank you to both of these teams for showing what Brock can do and for setting the example of our Bbest spirit! You’re fantastic!

Pictured Left to Right: Shaun Arthurs (Superintendent), Nika Fritzler (Billing/Admin), Ethan Wymore (Project Manager)