HOUSTON–(BUSINESS WIRE)–Vac-One Services (“Vac-One” or the “Company”), a leading provider of hydro-excavation and cathodic protection services in energy, utility and municipal markets, announced that Joe Sadowski has been named Chief Executive Officer of the Company and its subsidiaries, Texas ReExcavation (T-Rex), Cyclone Services and Kantex. Vac-One is majority owned by funds managed by Oaktree Capital Management, L.P. (“Oaktree”).
Joe has over 30 years of experience working with leading companies in the energy, industrial, municipal, and commercial construction industries, including leadership roles at Total Safety, Brand Energy & Infrastructure Services, and GE Energy and Industrial Services. Joe has an MBA from the University of Pittsburgh and a BS in Electrical Engineering Technology from Penn State University.
Andrew Osler, Senior Advisor of Oaktree’s Power Opportunities investment strategy and Vac-One Board Director commented, “We’re excited to have a leader with Joe’s extensive knowledge, network and capability join the Vac-One team as CEO. His experience and relationships across the energy and industrial sectors coupled with his commitment to a safety-first culture have been instrumental in his success throughout his career. We are confident in his ability to lead Vac-One as the Company expands its operations and services across the US.”
Mr. Sadowski added, “Vac-One is a solid business that has continued to provide high quality, mission-critical services to its customers. My top priorities are the safety and success of our employees, providing our customers with the highest level of service and executing on the Company’s long-term strategy of becoming the leading underground infrastructure services company for the utility, energy, and municipal sectors.”
Vac-One, based in Houston, Texas and operating through its wholly-owned subsidiaries, is a leading provider of non-destructive excavation, cathodic protection, tank and media clean out, and other complimentary services for energy, utilities, and municipal end markets throughout the US Gulf Coast, Midwest and Rocky Mountain regions. For more information on Vac-One and its subsidiary companies, please visit www.vac-one.com.
Oaktree is a leader among global investment managers specializing in alternative investments, with $113 billion in assets under management as of March 31, 2020. Oaktree’s Power Opportunities Group invests in profitable, growing companies with innovative products and services used in the energy and power industries. The firm emphasizes an opportunistic, value-oriented and risk-controlled approach to investments in credit, private equity, real assets and listed equities. The firm has over 950 employees and offices in 19 cities worldwide. For additional information, please visit Oaktree's website at http://www.oaktreecapital.com/.
Sard Verbinnen & Co