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First Reserve to sell Ohmstede to EMCOR in $455m deal22/08/2007. Source: AltAssets. 
 First Reserve, a private equity firm focusing exclusively on the energy industry, has agreed to sell Ohmstede to EMCOR Group in an all-cash transaction valued at approximately $455m. Ohmstede is a Beaumont, Texas-headquartered heat exchanger services provider.
The company provides aftermarket maintenance and repair services, replacement parts and fabrication services for highly engineered mission-critical heat exchangers for the refinery and petrochemical industries.
The acquisition will be financed through a combination of cash and long-term debt, according to a statement.
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