TULSA, Okla., Aug. 30, 2011 /CNW/ -- Express Group Holdings, LLC today announced the appointment of John Matheson as Chief Executive Officer and President. Mr. Matheson, who previously served as the company's President, replaces Terry Cowan, formerly the company's CEO. Mr. Matheson will also continue to serve as a member of the company's Board of Directors. Mr. Cowan has retired from the company.
Commenting on John Matheson's appointment, Kevin Garland, the company's Chairman of the Board, said, "We are excited about John's leadership as an executive with a long history in the energy and power generation markets. John's strong business sense and commitment to customer and employee satisfaction will make him an exceptional leader for Express Group Holdings."
John Matheson said, "I am extremely excited about this opportunity as we are in the midst of several growth initiatives that will propel our company to the next level of operational and financial excellence. I am grateful to work alongside such talented people as we continue to focus our attention on our customers in the Canadian oil sands and the power, energy and process markets."
Prior to accepting the position with Express Group Holdings, Mr. Matheson served as President and CEO of Global Power Equipment Group, Inc. Mr. Matheson is a Certified Public Accountant and a graduate of Harvard Business School, Georgetown University Law Center, and the University of Oklahoma School of Business.
Mr. Garland concluded, "We also want to recognize and thank Terry Cowan for his many contributions and service to the company over his longstanding career. Terry's vision allowed the company to achieve remarkable growth during his tenure."
About Express Group Holdings, LLC
Express Group Holdings, through its operating divisions Express Integrated Technologies, EIT-Canada, Express Metal Fabricators, and St. George Steel Fabricators, engineers, designs and fabricates heat transfer and environmental compliance technologies, principally for the energy exploration, power generation, refining, chemical and mining industries. The company's primary products include once through steam generators for the Canadian oil sands SAGD projects, heat recovery steam generators, simple cycle catalyst systems, fired heaters, and waste heat recovery units. The company's corporate and engineering offices are located in Tulsa, Oklahoma, USA, with additional operations located in Calgary, Alberta, Canada; St. George and Murray, Utah; and Locust Grove and Big Cabin, Oklahoma. Additional information about Express Group Holdings may be found at www.expressgroupholdings.com.
Express Group Holdings is a portfolio company of The Sterling Group, L.P.
About The Sterling Group, L.P.
Founded in 1982, The Sterling Group is a private equity investment firm that targets controlling interests in basic manufacturing, distribution and industrial services companies. Typical enterprise values of these companies range from $100 million to $500 million. Sterling has sponsored the buyout of 40 platform companies and numerous add-on acquisitions for a total transaction value of approximately $9.4 billion. Currently, Sterling has $1.3 billion of committed capital under management through three funds. Current portfolio companies include North American Energy Partners, CST Industries, Roofing Supply Group, Universal Fiber Systems, Velcon Filters, Express Group Holdings, B&G Crane Service, Saxco International and Stackpole International.
SOURCE Express Group Holdings, LLC
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