Tracy D. Pagliara is President and CEO of Williams Industrial Services Group Inc. Mr. Pagliara joined Global Power in April 2010 as General Counsel, Secretary and Vice President of Business Development and progressively advanced to his most recent position of President and Chief Executive Officer. Prior to joining the company, Mr. Pagliara was with Gardner Denver, Inc., for eight years, where he served as Chief Legal Officer and Secretary and also assumed additional leadership responsibility for the compliance, human resources, environmental, health and safety, and insurance functions. In this exclusive 2,336 word interview with the Wall Street Transcript, Tracy Pagliara describes how he managed the turnaround:
“With the disposition of Koontz-Wagner, our last noncore business in July, we completed a two-year period in which the company divested several other noncore assets, including TOG, Hetsco, Braden and CFI, and our U.S. and foreign owned real estate. This initiative raised more than $80 million to fund our business and pay down debt. We are now a much leaner company…”
The last 2 years have been transformative for Williams:
“Beginning in 2016, we began to divest all of our businesses other than Williams. We were trying to sell Koontz-Wagner, and that business unfortunately had a very bad year in 2017. After nine months on the market, we were not able to sell that business and did not have financing to turn it around. Therefore, our only realistic choice was to put it into bankruptcy in July…As a result, we’ve now divested all former Global Power operating businesses other than Williams and renamed the parent company from Global Power Equipment Group Inc. to Williams Industrial Services Group Inc. Our business is all Williams at this point. To reiterate, we are closing our corporate headquarters in Dallas and will reduce the number of corporate employees from 36 to approximately five to 10. In fact, I’ve already moved to Tucker, Georgia. My office is now there.”
Get the complete detail on this remarkable business story in the Wall Street Transcript with this 2,336 word interview with Tacy Pagliara.
First Quarter & March Executive Turnover Reaches Turning Point
April 14, 2011
Charles Lemonides Likes His Investors to Pay 50 Cents on the Dollar for His Value Stock Portfolio
January 04, 2019
Robert Bacarella Creates Big Upside for His Investors with His Long Term Stock Picks
April 29, 2019
Andrew Nowinski More than Doubled His Investor's Money with His Top Picks in 2020
December 30, 2020
Capital Investment Companies Bobby Edgerton Details His Five-Point Program for Making a Fortune Investing in Equities
August 23, 2018
