TorcSill is a provider of engineered helical pile and anchor foundation solutions across the energy, industrial, and power end markets Intervale Capital sells TorcSill Foundations to White Deer Energy. Photo: courtesy of rawpixel from Pixabay. Intervale Capital, LLC (“Intervale”) has announced the sale of TorcSill Foundations, LLC (“TorcSill” or the “Company”), a portfolio company of Intervale Fund III, to a newly formed entity owned primarily by White Deer Energy (“White Deer”). Financial terms of the transaction have not been disclosed.TorcSill is a leading provider of engineered helical pile and anchor foundation solutions across the energy, industrial, and power end markets. TorcSill’s turnkey product and service package includes in-house research and development, design, manufacturing, installation and installation consulting services. TorcSill’s team is one of the most experienced in the industry, and the Company is a trusted partner in providing foundation solutions for some of the most demanding construction projects underway.Tim Swift, TorcSill’s Chief Executive Officer, will continue to oversee the business under new ownership. Swift commented, “It has been a pleasure to work with Intervale Capital. They have been an excellent partner as TorcSill has expanded over the past several years. The Intervale team has provided valuable strategic and financial guidance that leaves us well positioned as we move into our next phase of growth. I am excited for the next chapter under White Deer’s stewardship.”Jason Turowsky, Partner at Intervale Capital, commented, “We are proud to have partnered with Tim and the entire TorcSill team. During Intervale’s ownership, the Company has experienced rapid growth as its core helical pile foundation technology continues to displace traditional deep foundation solutions, such as concrete. We look forward to watching this technology continue to take market share.”Varun Babbili, Principal at White Deer, commented, “Tim and the rest of the TorcSill team have built a strong and defensible business with a unique technology offering that is used to address the foundation needs of equipment and infrastructure in multiple end markets. We look forward to partnering with the Company in the next phase of its growth.”Joe Bob Edwards, Partner at White Deer, added, “We believe that TorcSill will continue to benefit from the ongoing buildout, expansion and refurbishment of midstream, downstream, industrial and power infrastructure, and that the Company is well positioned to expand into new geographies and end markets.”TorcSill and Intervale Capital were advised by Harris Williams and Kirkland & Ellis. White Deer was advised by Locke Lord. Source: Company Press Release
The motion stated that “All delegations to [NUS] National Conference must include at least 50% women, rounded down. Where a union is only entitled to send one delegate and this delegate is not a woman, the union’s free observer place must be taken by a woman.”In a straw poll taken after the discussion 17 voted in favour, 44 were against, and 11 abstained. The poll is non-binding, meaning that OUSU’s seven NUS delegates can vote according to their own will on this motion when it is brought before NUS’ April 2013 conference.OUSU currently sends seven delegates to NUS’ annual conference.Five delegates are elected in Michaelmas, and the OUSU President and President-elect are ex officio selected as the final two delegates. The motion would mandate that of Oxford’s five elected delegates, at least three would have to be female, in order to ensure that three of the seven total delegates are female.The 2013 OUSU delegation to NUS conference consists of three elected women, two elected men, President David Townsend and President-elect Tom Rutland.The motion was opposed by OUSU Vice President for Women Suzanne Holsomback, who described the motion as “insulting and patronising.” She told Cherwell that whilst the motion “address[es] symptoms of gender inequality and imbalance, it does not tackle the root of the problem.“The roots lie at the individual student union level and it needs to be addressed at that level. We need to examine what barriers block women running for high level position or seeing themselves in positions of power. Exploring this will create the interventions that will address the root problem. We all want the best delegates go to the NUS Conference and not just the women near by that can fill quotas.” Wadhamite Emily Cousens supported the motion, pointing to the results of Scandinavian countries with similar ‘top down’ approaches. She added that it is patronizing to women to say that good quality candidates would not emerge from a quota system. An opponent of the motion countered that OUSU should not seek seven good quality delegates, but the best seven available.OUSU President-elect Tom Rutland supported the motion, saying that female representation was vital when the NUS considered issues such as abortion rights. 40% of delegates at the last NUS conference were female. Jack Matthews, a student at University College, said that the number “not good enough, but it hardly constitutes a chronic failure.”A Somervillian stated that she was “not opposed to positive discrimination itself but to the restrictions this motion would place on a democratic vote”. She remarked that “it flies in the face of democracy to use quotas to restrict a popular vote”.