HOUSTON and CALGARY,
AB, Oct. 4, 2024 /PRNewswire/ -- CAM
Industrial Solutions LLC ("CAM Industrial Solutions" or the
"Company") today announced that its CEO Donovan Boyd will retire from his post,
effective on October 7th,
2024. This retirement has been planned for some time, and Mr. Boyd
will continue to serve the Company as its non-executive Chairman.
Mr. Boyd will be succeeded by Mr. Greg
Rice, a proven industrial services executive, with decades
of experience.
Mr. Boyd, departing CEO, said, "CAM Industrial Solutions is a
remarkable enterprise, driven by thousands of impressive employees
of skilled trades and professions. I enjoyed the opportunity to
assemble and work with this team, and I will miss the daily
interaction with them greatly. The Company is fortunate to attract
Greg Rice as its next chief
executive, a person whom I have known and worked with for over
twenty-five years. He has the skills, energy and demeanor to help
carry the enterprise forward and allow CAM to reach its full
potential."
Mr. Mick Kaefer, President of the
Company and leader of its operating locations across North America, added, "We are deeply grateful
to Donovan for his exemplary leadership over the past couple of
years. As we look toward the future, I am confident that
Greg Rice is uniquely positioned to
lead CAM Industrial Solutions through its next phase of growth and
success. We are excited for what lies ahead under Greg's
leadership."
Mr. Rice, incoming CEO, said, "I look forward to working with
all the amazingly talented people at the Company. I am
grateful for the opportunity, and I am excited to get out to our
sites to meet our employees and customers to continue their
success."
CAM Industrial Solutions is a portfolio company of an investor
group led by Cross Rapids Capital LP ("Cross Rapids Capital").
Cross Rapids Capital is an operationally driven investment firm,
focused on acquiring industrial and services companies in
North America. Cross Rapids
Capital Partner, Mr. Kyle Cruz,
concluded, "We are thrilled to welcome Greg, a leader familiar to
Cross Rapids Capital, into this portfolio company, and we are
confident he will make a significant contribution and help bring
the Company to new heights."
About CAM Industrial Solutions LLC: CAM Industrial
Solutions LLC provides maintenance and turnaround services to
refineries, chemical plants, natural resource extraction and
processing, and other industrial facilities across the U.S.
and Canada, as well as operations and maintenance services to
utilities. We employ a variety of craft, including pipefitters,
boilermakers, electricians, carpenters, welders, ironworkers,
millwrights, equipment operators, riggers, scaffolders, insulators,
machinists, HSE technicians, and many others. For more information,
please visit camindustrialsolutions.com.
About Cross Rapids Capital LP: Cross Rapids Capital
LP is an operationally driven investment firm, dedicated to North
American middle-market industrial and services companies. We
partner with owners and management teams to accelerate companies,
and we bring decades of sector, operational, and investing
expertise and a hands-on, collaborative approach to empower their
business success. For more information, please visit
crossrapids.com.
View original
content:https://www.prnewswire.com/news-releases/cam-industrial-solutions-announces-retirement-of-ceo-and-successor-302267790.html
SOURCE CAM Industrial Solutions LLC