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Cadence Bank Wins “Deal of the Year” at ACG Houston Fourth Annual Deal of the Year Awards

HOUSTON, May 5, 2021 – Cadence Bank, a subsidiary of Cadence Bancorporation (NYSE: CADE), announced today that the Association for Corporate Growth (ACG) Houston has selected the Cadence Bank-led transaction of ORIX Capital Partners’ (ORIX) acquisition of Special Welding and Turnarounds, LLC (SWAT) as their 2020-2021 Industrial, Power & Infrastructure (Strategic) “Deal of the Year.”

Through a complex transaction, ORIX acquired a majority interest in SWAT, a leading provider of specialty welding and other highly technical turnaround services to the oil and gas refinery, petrochemical, and industrial markets, and subsequent add-on acquisitions of Hydroprocessing Associates, LLC (HPA) and Breathing Systems Inc. (BSI). HPA provides specialized catalyst handling services for oil and gas refineries and petrochemical facilities, with substantial operations across the South-Central and Western United States. BSI is a wholly owned subsidiary of HPA that provides manufacturing, maintenance and repair for NIOSH-approved life support systems worn by workers conducting catalyst change-out services. Cadence has served as lead bank for SWAT since early 2017.

The deal was led by Taylor Ducoff, senior vice president, commercial lending; Gale Smith, executive group manager, commercial lending; Kelly Boots, syndications group manager; Patti Lapp, assistant relationship manager; and Hannah Jordana, assistant vice president, commercial lending. 

Cadence Bank served as the administrative agent with participating lenders: Veritex Community Bank (joint lead), CIT Group Inc. (joint lead), BancorpSouth Bank and Woodforest National Bank. Thompson & Knight represented Cadence Bank in the transaction.

ACG Houston’s Deal of the Year event celebrates Houston’s booming middle-market deal community and honors the deals and dealmakers that drive middle market growth, bringing job growth, capital formation and the advancement of meaningful business relationships. Winners were selected by an independent panel of esteemed judges and top business leaders.

The Cadence Bank deal team also included:
Barry Kelly, executive vice president & executive group manager, Houston
Jim Harper, director of commercial and industrial credit risk
Greg Hubbard, specialty loan services manager
Robin Marshall, syndications associate 
Teri Smith, lending support supervisor
Leah Hughes, lending support specialist
Kabine Kaba, lending support specialist

 About Cadence Bank 

Cadence Bank is a leading regional banking franchise with $18.8 billion in assets as of March 31, 2021, and 98 branch locations in Alabama, Florida, Georgia, Mississippi, Tennessee and Texas. Backed by 133 years of financial expertise, Cadence provides corporations, middle-market companies, small businesses and consumers with a full range of innovative banking and financial solutions. Services and products include commercial and business banking, treasury management, specialized lending, asset-based lending, commercial real estate, SBA lending, foreign exchange, wealth management, investment and trust services, financial planning, retirement plan management, personal and business insurance, consumer banking, consumer loans, mortgages, home equity lines and loans, and credit cards. Clients have access to leading-edge online and mobile solutions, interactive teller machines, and more than 55,000 ATMs. The Cadence team of 1,800 associates is committed to exceeding customer expectations and helping their clients succeed financially. Cadence Bank, N.A. is a subsidiary of Cadence Bancorporation (NYSE: CADE). For additional information, visit cadencebank.com. Cadence Bank, N.A. Member FDIC. Equal Housing Lender. NMLS#525022.

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Media Contact:
Danielle Kernell
Cadence Bank
713-871-4051 direct | 713-392-7709 mobile
danielle.kernell@cadencebank.com 

Sheena Cochran
Cadence Bank
713-871-4072 direct | 281-740-4366 mobile
sheena.cochran@cadencebank.com 
 



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