- April 10, 2013
-- DALLAS –Drew Neathery has been hired as CFO of Shermco Industries, a rapidly-expanding company, recently acquired by Oaktree Capital, that specializes in maintenance and repair for industrial rotating apparatus and electrical power distribution systems.
Neathery has a long and distinguished career in financial management and has served as chief financial officer for a variety of companies and industries since the late 90s, primarily large manufacturing and distribution concerns. An accounting and finance major, Neathery received his BA from the University of Texas at Austin, and went on to become a certified public accountant.
cited Drew as “the perfect disciplinarian”
from a previous private equity portfolio company, and he brings to the table expertise in the implementation of business tools and systems that will help us manage our rapidly-expanding electrical power and rotating apparatus service business. We are certainly happy to have him at our table and are expecting phenomenal results with the experience he brings to it,” said Ron Widup, Shermco CEO.ABOUT SHERMCO
Shermco Industries (http://www.shermco.com/
) is a provider of safe, reliable testing, repair, professional training, maintenance and analysis of rotating apparatus and electrical power distribution systems and related equipment for the light, medium, and heavy industrial base nationwide. Founded in 1974 in Dallas, the company is comprised of two strategic business units; the Machine Services Division and the Engineering Services Division. With a corporate location in Irving, Texas, a sales office in Brussels and service centers in Austin, Cedar Rapids, Des Moines, Houston, San Antonio, Sweetwater, and Tulsa, Shermco Industries has over 440 full-time employees. The company is a member in good standing with the Electrical Apparatus Service Association, American Wind Energy Association, Professional Electrical Apparatus Recyclers League, and the InterNational Electrical Testing Association. For more information about Shermco Industries, visit www.shermco.com.