Matrix Service

#7371

Rank

$333.49M

Marketcap

United States

Country

Leadership team

Mr. John R. Hewitt (CEO, Pres & Director)

Mr. Kevin S. Cavanah (VP, CFO & Treasurer)

Mr. Alan R. Updyke (COO & Interim Pres of Matrix NAC)

Products/ Services

Construction, Industrial Engineering, Service Industry

Number of Employees

1,000 - 20,000

Headquarters

Tulsa, Oklahoma, United States

Established

1984

Company Registration

SEC CIK number: 0000866273

Revenue

500M - 1B

Traded as

MTRX

Social Media

URL

https://www.matrixservicecompany.com

Overview

Location

Recognition and Award

References

Summary

Matrix Service Company provides engineering, fabrication, construction, and maintenance services to support critical energy infrastructure and industrial markets in the United States, Canada, South Korea, Australia, and internationally. It operates through three segments: Utility and Power Infrastructure; Process and Industrial Facilities; and Storage and Terminal Solutions. The Utility and Power Infrastructure segment offers power delivery services, including construction of new substations, upgrades of existing substations, transmission and distribution line installations, and upgrades and maintenance; and emergency and storm restoration services. This segment also provides engineering, fabrication, and construction services for LNG utility peak shaving facilities; and construction and maintenance services to power generation facilities, including natural gas fired facilities. The Process and Industrial Facilities segment engages in the crude oil refining; processing, fractionating, and marketing of natural gas and natural gas liquids; and offers plant maintenance, turnarounds, engineering, industrial cleaning services, and capital construction service. The Storage and Terminal Solutions segment undertakes work related to aboveground storage tanks and terminals; engineering, fabrication and construction, and maintenance and repair, which include planned and emergency services; and LNG, liquid nitrogen/liquid oxygen, liquid petroleum, hydrogen, and other specialty vessels, which comprise spheres, as well as marine structures, and truck and rail loading/offloading facilities. Its services include engineering, fabrication and construction, and maintenance and repair, including planned and emergency services, as well as geodesic domes, aluminum internal floating roofs, floating suction and skimmer systems, roof drain systems, and floating roof seals. Matrix Service Company was founded in 1984 and is headquartered in Tulsa, Oklahoma.

History

In 1999, Matrix was acquired by Platinum Equity, a global private investment firm specializing in M&A&O.

In 2001, Matrix integrated Staples Communications customers into its operations through an acquisition made by Platinum Equity, and with the purchase of Global Crossing’s Small Business Group in 2005, Matrix launched the Matrix Business Technologies brand to differentiate and focus its market presence between residential and commercial services.

Platinum Equity acquired the assets of Trinsic Communications in June 2007 and integrated them into Matrix, This addition deepened the residential customer base within Matrix and broadened its national footprint of services. The brand was changed to "Trinsic, Powered by Matrix"

On March 16, 2010, Matrix announced it would acquire the customers and substantially all the assets of Dallas-based Excel Telecommunications. That transaction closed on August 2, 2010, with the Excel headquarters in Irving, Texas becoming the new headquarters for the combined companies.

In addition to its own Veraz softswitch-based network, Matrix’s network partners include Global Crossing, Verizon Business, XO Communications, Paetec, Level 3), Covad, AT&T, Qwest, IBM and Intercall.

Mission

To create superior and sustainable long-term value for our investors, customers and employees by staying true to our culture and core values.

Vision

We will be recognized as the premier global provider of power infrastructure, storage solutions, and industrial construction services, providing unmatched customer service, superior value and actionable solutions.

Key Team

Mr. Glyn A. Rodgers (Pres of Matrix PDM Engineering)

Mr. Rick J. Bennett (Chief Information Officer & VP)

Ms. Nancy E. Austin-Downs (Chief Admin. Officer & VP)

Kellie Smythe (Sr. Director of Investor Relations)

Mr. Justin D. Sheets (VP, Gen. Counsel, Corp. Compliance Officer & Sec.)

Ms. Melissa K. Gilliland (VP of HR)

Mr. Joseph F. Montalbano (Consultant)

Recognition and Awards

Matrix Service Company has been the recipient of numerous awards including being named by Forbes Magazine as one of the United States’ Best Small Companies, receiving the Associated Builders and Contractors' Excellence in Construction Award, and the Engineering Excellence Award from the American Council of Engineering Companies.