July 24, 2017
Austin, TX (July 24, 2017) - Aereon, a global provider of emission control equipment and custom engineered solutions, as well as aftermarket parts, sales and field services for the oil and gas industry, announced today Saeid Rahimian has joined the company as Chief Executive Officer.
“On behalf of the board of directors, we are delighted that Saeid has accepted our offer to become the Aereon’s new CEO. Saeid brings a wealth of relevant experience to the company, which greatly complements the strengths of the existing senior leadership team,” said John U. Clarke, Executive Chairman of the Board of Directors for Aereon and partner with Turnbridge Capital, LLC, the company’s primary equity sponsor “In addition, Saeid shares Aereon’s vision of establishing a premier equipment and services supplier focused on providing emission control solutions to upstream and midstream customers in the U.S. and global markets.”
Rahimian commented, “I look forward to working alongside Aereon’s impressive management team and helping make our strategic vision a reality. The company is well positioned, with a dedicated and technically astute employee team, a solid balance sheet and a strong reputation for quality and safe operations.”
“The company offers an attractive and broad array of differentiated product and service offerings for customers in the U.S. and around the world. With increasing focus on both environmental compliance and maximizing recovery of hydrocarbons, we can offer unique and cost effective solutions for our customers and the ability to support their operations throughout the life cycle of their assets,” Rahimian continued.
Rob Horton, Partner with Turnbridge, added, “We are pleased Aereon was able to attract a CEO of Saeid’s caliber, who is a proven executive with relevant experience and a track record of success in building great companies and creating value for all constituents, including customers, employees and investors. We look forward to working with Saeid and the rest of the Aereon management team as the company continues to grow.”
Rahimian joins Aereon after most recently serving as President and CEO of Gardner Denver Energy Group (Gardner Denver Inc. a portfolio company of KKR & Co.). Rahimian earned a Bachelor of Science degree in Mechanical Engineering from University of Evansville, a Master’s of Science degree in Mechanical Engineering from The Ohio State University, and has completed the Advanced Management Program at Harvard Business School.
Aereon, headquartered in Austin, Texas is a global leader in combustion, vapor recovery, and air pollution-control technology services and equipment for multiple industries. Aereon was formed in 2012 when Flare Industries, LLC acquired Jordan Technologies, and subsequently acquired select assets from Abutec LLC. Under three brands, Aereon offers the broadest product line of flare systems, enclosed combustion systems/thermal oxidizers, ignition systems and vapor recovery units. Aereon supplies equipment and services to customers in over 45 countries around the world. Aereon was recapitalized in 2011 by Turnbridge Capital LLC, a private equity firm focused exclusively on energy services and equipment investments. For more information, visit www.aereon.com.
About Turnbridge Capital
Turnbridge Capital LLC (www.turnbridgecapital.com) is an energy-focused private equity firm with offices in Dallas and Houston, TX. Turnbridge seeks to invest alongside experienced management teams in companies that provide services, equipment and products for upstream, midstream and downstream market segments.