Petrochemical Contract Opportunity




Company Type





+/-$6  Million

Investment Type

For important risk and disclaimer information, Click Here.

Helping Great Companies Grow


  • Orcus Global, LLC a Texas based company is seeking $6 million to acquire a stable long-term contract
  • The contract with Formosa Plastics (“Formosa”) should provide stable and predictable revenue
  • Contract consists of continuous maintenance, turnaround and operating improvement work with Formosa in its Point Comfort, Texas, petrochemical facility, one of the largest petrochemical plants in the USA
  • Formosa is a financially strong client, who is growing and expanding its activity. It recently approved renewal of the contract for up to three years
  • Orcus is a certified Minority Business Enterprise (MBE) based in Texas that provides industrial maintenance and consulting services, risk-based asset integrity and corrosion management solutions to meet the needs of owners and operators of industrial and energy assets
  • Offers a wide range of cross-border services from maintenance and integrity expertise, consulting, to full certification and normative ESG compliance for the industrial sector
  • Focused on industrial and energy sectors:

oDownstream: Renewables, Petrochemical, Processing, Water, Terminals, Refineries and Power Plants (Cogeneration and Base Load)

oMidstream: Gathering, Transmission and Distribution Pipeline Systems

Helping Great Companies Grow

The Orcus Advantage

  • Provides key services in the US including industrial maintenance, asset management, consulting, integrity, rehabilitation and product sourcing
  • Orcus Global can serve industrial and energy clients in Texas, New Mexico, Louisiana, Oklahoma, and Arkansas
  • Its current clients include Navitas, ZEEP, Flywheel and City of Round Rock Texas, the past cross border clients include Exxon and Total
  • Certified MBE by the National Minority Supplier and Development Council, US Government SAM Registered, Federal Reserve Approved Supplier, HUB Certified
Helping Great Companies Grow


  • Formosa Plastics is located 121 miles southwest of Orcus Houston headquarters
  • Easily accessible location – company will have a full management team in place
  • Orcus will have an in-situ team of 122 experienced professionals providing a number of maintenance services to Formosa
  • Orcus team will be available and working at the plant 24/7
  • Contracts with Formosa Plastics consist of a continuous maintenance, turnaround and operating improvement work in the entire facility
  • The contract is for up to three years, for a total amount of $75 million (from 2021 to 2023)
  • The contract has been renewed consistently for three contract renewal cycles and has substantially grown over the past three renewal cycles
Helping Great Companies Grow


Santiago Gracia

Managing Partner


Involved in the oil & gas industry for over 20 years in Texas and Mexico. Participated in every aspect of the business from drilling and mining proppants (upstream), transportation pipelines (midstream) and storage and distribution (downstream). BS in Business from UIA in Mexico City. Currently a member of the construction board of the National Minority Supplier Development Council.

Stewart Holfeld

VP of Operations


Experienced energy industry and industrial services professional with over 30 years of solid history and success in midstream, downstream and industrial operations, strategic planning and financial aspects of global energy and contract industry environments. Previously held senior executive positions reorganizing and growing underperforming companies into stronger, more focused entities.  Strong ability to build and lead teams that meet and exceed designated goals and expectations. Global professional with vast industry experience including in Canada, Mexico, Turkey, Kazakhstan, Russia, Southeast Asia, and India. 1989 graduate of the University of Nebraska, Lincoln. BS in finance and economics. MBA in business management at the University of Houston.

Helping Great Companies Grow
Learn More About This Transaction


Hi. We're not around right now. But you can send us an email and we'll get back to you, asap.

Thanks, Ken

Ken Margolis | Managing Partner Castle Placement, LLC
1460 Broadway Street, Rte 400
New York, New York 10036
(212) 418-1188 | C: (516) 712-7784


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