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Vol. 13, No. 29 Week of July 20, 2008
Providing coverage of Alaska and northern Canada's oil and gas industry

Petroleum Directory: H.C. Price, Gregory & Cook Construction merge pipeline infrastructure businesses

Thereís a new combination in the pipeline-infrastructure business, as Charles Price, chairman of H.C. Price Company, and Paul Gregory, president of Gregory & Cook Construction, Inc., have combined their businesses. The change came on January 31.

Price Gregory Services Inc. brings together two of the largest and most respected pipeline-related infrastructure businesses in North America.

The combined company will have a larger asset base, greater geographic coverage, and expanded management depth.

Price Gregory Services is also moving to build a broader midstream infrastructure company, adding two executives who formerly worked for Hanover Compressor Co.

John Jackson, formerly Hanoverís president and CEO, and Lee Beckelman, formerly Hanoverís CFO, have come to work for Price Gregory Services to augment the corporate management team, and have solicited an equity investment from SCF Partners, a leading energy-focused private equity firm.

Jackson and Beckelman will be leading a future initiative for strategic growth and financing. Tom White, currently president of Price, will become the COO of Price Gregory Services.

Gregory and Price will serve on the board of Price Gregory Services.



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