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Petrocom Llc News

08 Mar 2004

Satcom: Cellular Fixed Wireless Helps Deliver Mercy

Mercy Ships is a nonprofit organization operating medical relief ships that travel to the poorest countries of the world to perform medical services and community development programs. In order to serve such communities, the ships have three basic requirements: a place to dock, fresh water and telephone access. In these poor countries, it is very common to have a wired public phone system that is very old, overloaded, and not readily available at the dockside. However, GSM cellular service is generally available in the port area, so finding a way to use that cellular service has been a must for Mercy Ships. In their quest to access the GSM cellular service…

16 Mar 2004

PetroCom Introduces New Technology for Offshore Industry

PetroCom LLC has begun construction and testing of the first digital cellular network in the Gulf of Mexico. Working with partners Siemens and Ericsson, PetroCom is introducing GSM technology to provide secure and high-speed communications for companies in the multi-billion dollar offshore industry. With offices in Houston, New Orleans and Lafayette, La., PetroCom is a cellular provider in the Gulf, with a coverage area stretching from Brownsville, Texas to Mobile, Ala. and as far offshore as 180 miles. For oil and gas companies, maritime operators and government agencies in the Gulf, secure and reliable communication is indispensable for remaining competitive.

24 Jan 2007

H.I.G. Capital Completes Acquisition of PetroCom

PetroCom LLC announced that an affiliate of H.I.G. Capital, a Miami-based private investment firm, has completed the previously announced acquisition of PetroCom. Headquartered in New Orleans, PetroCom is a leading cellular carrier in the Gulf of Mexico and a full-service telecommunications solutions provider for the offshore industry. Last year H.I.G., through its Bayside Capital affiliate, acquired Sola Communications, a leader in the delivery of telecommunications related services for the offshore oil and gas and emergency services markets. In connection with its acquisition of PetroCom, H.I.G. also obtained regulatory approval to combine the PetroCom and Sola businesses. PetroCom is the fifth Gulf area company in which H.I.G. has invested in the past few years.

14 Sep 2006

PetroCom, LLC To Be Acquired by H.I.G. Capital Affiliate

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…