IRVINE, California, February 28, 2017 – McDermott & Bull, the 29th largest executive search firm in the Americas and the fastest-growing firm within the Hunt Scanlon Top 50 Recruiters list, has been retained by Frontier Integrity Solutions (FIS) to lead its search for a Chief Executive Officer.
This executive recruiting engagement is being conducted by Scott Meyer, Principal Consultant; Bill Brewer, Principal Consultant; and Tara Steven, Senior Recruiting Associate at McDermott & Bull.
Private equity firm Atar Capital recently acquired the Furmanite Midstream Quality Assurance business from Team Inc., rebranding it as Frontier Integrity Solutions. FIS inspects oil and gas pipelines and other energy industry infrastructure components for both operators and construction companies as an independent contractor.
The CEO will be based at the Company’s Tulsa, Oklahoma headquarters and will be responsible for all operations, managing the P&L for the short term with a close eye on maximizing enterprise valuation for the long term. The CEO will also be the industry “face” of Frontier Integrity Solutions in addition to setting direction for Company strategy and developing and executing annual Business Plans.
About Frontier Integrity Solutions
Frontier Integrity Solutions serves as an independent, outsourced provider of inspection and integrity services for all disciplines of pipeline, pipeline stations, terminals, power plants, tank storage farms, and other energy related fields. The Company works with 6,500+ professionals to place qualified Inspectors who act as the Designated Operator Representative to supplement pipeline operators’ management and employees in the construction and operation of pipeline, power plant, and mechanical integrity projects. Frontier Integrity Solutions was started in 1975 under the name of Cleveland Inspection Services; in 2013, Furmanite purchased the business and changed the name to Furmanite Inspection Services. In 2016 Team Inc. (NYSE: “TISI”) announced the successful completion of its $260MM merger with Furmanite Corporation.
In December 2016, Frontier Integrity Solutions was acquired from Team by Atar Capital, a Los Angeles, California-based private equity firm. Atar Capital (www.atarcapital.com) specializes in corporate “carve-outs” and focuses on businesses that can benefit from the firm’s principals’ combined 60 years of investing and operating expertise.
About McDermott & Bull
McDermott & Bull has been redefining expectations within the world of executive search since 2001. The firm’s practice leaders, all of whom have substantial executive experience, are uniquely positioned to address the dynamic leadership demands of public and private companies across nearly every industry. With the advent of MB Interim Leaders in 2011, McDermott & Bull is powerfully equipped to service both the permanent and interim needs of its clients. Respected companies including Aramark, CoreLogic, Epson America, Hyundai Capital America, In-N-Out Burger, Kaiser Aluminum, Unified Grocers, Western Federal Credit Union (UNIFY Financial Credit Union), Broadcom, Cisco Systems, Chicken of the Sea, Western Digital, Golden State Foods, Google, Panda Restaurant Group, Honda Center/Anaheim Ducks, Comerica Bank, Union Bank, as well as portfolio companies owned by private equity firms such as Riverside Company, Sun Capital Partners, ClearLight Partners, Swander Pace Capital, Chicago Growth Partners, Atar Capital, and Riordan, Lewis & Hayden, have all partnered with McDermott & Bull. Additionally, the firm’s Executive Network program provides valuable resources for and offers opportunities to build meaningful relationships with thousands of C-Suite and VP-level executives throughout the country.