Architect Equity Acquires Timec Oil & Gas From Ferrovial S.A.
Summary
Headquartered in Texas, the company has continuous operating bases in California, the Pacific Northwest, Mid-Continent, Rocky Mountains, and the Gulf Coast, and has maintained a market-leading position as a turnkey, full-service general contractor. We are excited about building upon the existing core business as well as identifying opportunities for growth in adjacent energy markets that require highly skilled maintenance and construction services.” “Timec represents another opportunity that fits well with Architect’s investment thesis of acquiring an established business with unique service capabilities, a blue-chip customer base that can scale significantly with existing resources, and large addressable end markets to fuel future growth,” added Eric Luoma, Principal at Architect Equity. Of upmost importance is that Timec will continue to be known as the safe employer of choice for staff and craft to execute complex projects for our valued clients throughout North America.” “The leadership team of Timec has developed a significant amount of domain knowledge from operating in the industry over an extensive period of time, which is a real differentiator when mission critical projects require best-in-class teams with deep domain expertise,” said Lisa Bahash, Principal and Operating Partner at Architect Equity. Established in 2018 by Jay Yook and Dionisio Lucchesi, Architect Equity is an evergreen investment fund focused on acquiring and managing businesses in the lower middle market. Architect Equity is comprised of a team of investors and operators who have over 100 years of combined experience in successfully acquiring and managing companies across a range of industries and market cycles.