PTW Rebrands Under Single Identity, Consolidates Management and Simplifies Structure for Customers

Calgary, Alberta – June 11, 2019 – Three organizations well known in Canada’s industrial markets are coming together under one consolidated management structure and a single identity – PTW Energy Services. This new structure is designed to better serve customers across North America and to best position the company for future growth.

PTW Energy Services Ltd. (“PTW”) is composed of three core businesses that carry out operations primarily in the oil and gas, mining and industrial sectors under separate identities. Effective immediately, these core businesses — Pyramid Corporation, Tarpon Energy Services and Warwick Structures Group — will be consolidated as one brand.

The newly developed PTW identity builds on these companies’ histories of serving industrial customers and operating in local communities. PTW will become the new brand under which the organization will deliver its electrical, instrumentation and building fabrication services.

“Today marks the beginning of a new and exciting chapter for PTW. We have so much talent and expertise in this organization that putting it under one management structure and brand name while harnessing those capabilities will be major wins for our employees and for our customers,” said Wayne Shaw, President and Chief Executive Officer of PTW.

“We are well positioned for future growth and success in the Canadian market as well as in our U.S. and international markets. Bringing the legacy companies of PTW under one single brand will allow us to deliver a simpler and more unified experience for our customers.”

PTW Energy was created in 2014 when founder Don Basnett worked with the company’s private equity investors to bring Pyramid, Tarpon and Warwick under one ownership group. Basnett recently retired from his operating role and is now Chairman of PTW’s Board of Directors.

About PTW

PTW Energy Services Inc. is a leading industry solutions provider delivering construction, fabrication and maintenance services. Our network extends across Canada, the United States, Middle East and Asia Pacific. We have 3,500 talented people proud of the safe and reliable work we perform for our customers every day. We create and deliver innovative industrial solutions to customers in the agricultural, mining, oil and gas, petrochemical, pulp and paper, nuclear and renewable energy industries. PTW is a private company headquartered in Calgary, Alberta, Canada. Legacy organizations within PTW include Pyramid Corporation, Tarpon Energy Services and Warwick Structures Group. See more on the new PTW at www.ptwenergy.com.