CSVC Acquisition Corp. (CSVC)

General


Currently a reportable segment of CBI, Capital Services provides maintenance, environmental services, Engineering, Procurement & Construction (EPC) in the commercial (power, industrial, retail) government, and infrastructure sectors. Government customers include the DoD, DoE, FEMA & EPA, as well as state and local governments. LTM revenue was $2.2B as of 3/31/17. Commercial customers include international chemical manufacturers like Occidental Chemical; regional energy providers like Entergy, & Exelon (largest nuclear fleet in U.S.); and regional refining, chemical and gas processing companies such as Flint Hill Resources. Upon closing in the 2nd quarter, Capital Services will be renamed and operate as an independent entity, while existing senior management will continue to run the business. As of 3/31/17. CSVC’s backlog was $5.3B, consisting of 65% operations & maintenance services, 15% environmental services, 15% construction services, and 5% program/project management.