ORIX-backed Specialty Welding and Turnarounds to acquire Midwest Cooling Tower Services from Dorilton Capital.

ORIX-backed Specialty Welding and Turnarounds, a provider of highly technical maintenance services to the chemical, refinery, renewable, and industrial markets, agreed to acquire Midwest Cooling Tower Services, a provider of mission-critical cooling tower solutions, from Dorilton Capital, a private investment firm. Financial terms were not disclosed. "Midwest has been a leading provider of cooling tower services for decades with a strong reputation for excellent inspection and maintenance execution. Along with its critical components inventory and cooling towers rental fleet, the company is well-differentiated as a key player in the industry. With this acquisition, we will now be able to provide high-quality cooling tower services as a core part of our offering. We are excited to extend SWAT’s technical capabilities into this attractive market by supporting Midwest’s exceptional management and operations team," Marcus Deal, SWAT CEO.