PENSACOLA, FL — June 21, 2012 — Glenn McCullough, Jr., former Chairman of the Tennessee Valley Authority (TVA), America’s largest public power company, has been appointed to the Board of Directors of K2 Holdings, Inc., (K2). K2 is one of the largest outsourced industrial services providers in the U.S. performing mission-critical services such as cleaning, painting, coating, fireproofing, insulation, roofing and asbestos/lead abatement.
Mr. McCullough said, “I am pleased to join K2’s board because I believe in the work that Ted Mansfield and the entire K2 Team does each day to optimize the capacity, compliance and capital cost allocation of leading industries that power our quality of life. K2 is a safety first company that adds tangible value to the operations and maintenance of leading industries in the U.S. and internationally.”
Ted Mansfield, President and CEO of K2, said, “We are excited to have the leadership, experience and perspective Glenn brings to the K2 board. In addition to years of experience and strong relationships in the energy industry, he brings a unique customer focus and regulatory perspective that will enable us to anticipate industry trends and implement strategies to better serve our customers.”
McCullough, 57, was nominated to the TVA board by President Bill Clinton and confirmed by the U.S. Senate in November 1999. President George W. Bush appointed him Chairman of TVA in July 2001, a position he held until his term expired in May 2005. Today McCullough is CEO of GLM Associates, LLC and a partner in Ardillo, McCullough and Taggart, LLC consulting firms which specialize in business development, government relations and executive counsel. He serves as Chairman of the Board of Directors of NuVision Engineering, Inc., based in Pittsburgh and Mid-Columbia Engineering, based in Richland, WA. McCullough is the former Mayor of Tupelo, MS and is a nationally recognized advocate for sound energy policy whose views are regularly sought by Fox Business Network, Bloomberg, The Wall Street Journal and the Financial Times. Â He is a graduate of Mississippi State University.
In November, 2011, K2 management partnered with The Halifax Group to recapitalize the company. The Halifax Group is a private investment firm that invests alongside owners and managers of leading middle-market companies. The Halifax Group’s equity sponsorship will allow K2 to seek to expand its geographic reach and services, while sharpening its focus on safely delivering leading edge services to industrial customers.
About K2 Industrial Services, Inc.
K2 Industrial Services, Inc. is one of the largest outsourced industrial services providers in the U.S. K2 performs cleaning, coating, painting, insulation, scaffolding and roofing work, much of which is recurring in nature, in more than 700 facilities. The company serves a diverse array of customers in a number of industries, including refining, petro-chemical, specialty chemical, power generation, steel and paper. The company has 22 branch locations across the U.S., allowing it to serve Fortune 500 customers nationwide, including many on an exclusive or preferred basis. K2 has significant operations in the Great Lakes, the Gulf Coast, Southern California and the Mid-Atlantic.
About The Halifax Group
The Halifax Group is a private equity firm that specializes in partnering with managers and entrepreneurs to recapitalize and grow lower middle-market businesses across a variety of industries, including health services, wellness, infrastructure and business services. The firm maintains offices in Washington, D.C.; Dallas, Texas; and Raleigh, N.C. For more information, please visit www.thehalifaxgroup.com.
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