Ken Wright News

Liverpool diesel-engine sales and maintenance specialists James Troop & Co is celebrating its landmark 150th anniversary with a surge in new business and export sales. The family-run company based in Runcorn is one of Liverpool’s longest-standing maritime and industrial businesses. It is reporting a 27pc sales hike on last year’s figures between January to June. Growth has steadily been recorded across the board with a notable increase in servicing work, spare parts sales and a massive surge in engine sales.

PetroCom LLC has entered into a binding agreement to be acquired by an affiliate of H.I.G. Capital, a Miami-based private investment firm. Headquartered in New Orleans, LA, PetroCom is a leading cellular carrier in the Gulf of Mexico and a full-service telecommunications solutions provider for the offshore industry. PetroCom President Ken Wright commented, "We are thrilled to partner with a premier private equity firm as we enter our next stage of growth. H.I.G.'s investment represents an important milestone in our Company's history, and their support will enable us to significantly expand our footprint. Earlier this year H.I.G., through its Bayside Capital affiliate…

PetroCom is making great strides in repairing its communication systems that were damaged by Hurricane Katrina. Patched very small aperture terminal (VSAT) satellite and wireless systems that were quickly operational with ingenuity and resourcefulness are now repaired properly and working near capacity. “My staff has done an unbelievable job of improvising and thinking outside of the box to restore services. Our first goal was to patch communication trunk-lines and make them operational, which allowed us to evaluate the full extent of the damages,” said PetroCom President & COO Ken Wright. PetroCom’s DS3 fiber-optic connection has been repaired in New Orleans and VSAT satellite services are fully operational and capable of running at full capacity.