News
Powerhouse, Inc. Adds Industry Veteran Mickey Mcdonald to Board of Directors
8/22/2008
Broussard, LA, January 1, 2008 – Powerhouse, Inc. announced the addition of Mickey McDonald to its Board of Directors.
Mr. McDonald’s distinguished career in the oil and gas industry includes leadership positions with responsibilities for US Operations with Exterran and Hanover Compressor, as its predecessor. Prior to joining Hanover, he was President of C&B Compression Services from 1980 to 1990, when it was acquired by Hanover.
“The addition of Mickey to Powerhouse exhibits Hastings’ philosophy of bringing top level talent and resources to middle market companies. Mickey’s experience within the industry, and specifically within the offshore compressor market, will provide valuable insight and direction to our business,” noted Bruce MacRae, Managing Director of Hastings Equity Partners.
About Powerhouse, Inc.
Based in Broussard, LA, Powerhouse, Inc. provides a wide array of repair, maintenance and fabrication services to offshore oil and gas production platforms in the Gulf of Mexico. The company’s full service maintenance programs have been established to ensure maximum utilization of all rotating equipment including, gas compressors, electricity generators, fluid pumps, and cranes. Powerhouse’s customers account for more than 65% of the platforms in the Gulf of Mexico.
About Hastings Equity Partners
Hastings Equity Partners is a private equity firm, located in the Boston Metropolitan area, focusing on acquiring niche manufacturing, distribution, and business services companies. Hastings looks for attractive investment opportunities where it can leverage its partners’ more than sixty years of operating experience to help companies create sustained value for its customers, employees, and investment partners.