PillarFour Capital Partners Announces Acquisition of The Bayou Companies’ Concrete Weight Coating and Anti-Corrosion Coating Businesses

NEWS RELEASE | June 05, 2026

PillarFour Capital Partners (“PillarFour”) is pleased to announce that it has completed its first investment out of its newest fund, PillarFour Capital Partners Fund III. Through a corporate carve-out, PillarFour is acquiring 100% of The Bayou Companies’ concrete weight coating and anti-corrosion coating businesses (“Bayou,” or the “Company”).

Headquartered in New Iberia, Louisiana, Bayou is widely recognized as a market leader in offshore and onshore pipeline coatings, servicing the oil and gas pipeline and liquified natural gas (“LNG”) sectors. For more than 80 years, the Company has been a leading provider of innovative pipeline solutions, delivering high-quality services such as fusion-bonded epoxy and three-layer anti corrosion coating, concrete weight coating, flow assurance coating, internal pipeline coating and field joint coatings for both onshore and complex offshore applications. Throughout its history, Bayou has been a trusted and essential partner to customers across its service offerings, continuously investing in innovative capabilities to meet the growing technical, operational, and environmental demands of the global energy and pipeline sectors.

Centrally and strategically located on the Gulf Coast, Bayou benefits from distinct logistical advantages, including direct barge access to the Gulf of America, onsite rail infrastructure, and immediate access to interstate trucking routes. Its prime location and extensive 220-acre manufacturing and storage footprint enable efficient logistics and seamless service delivery for customers, particularly in support of the growing number of major LNG projects being developed across the Gulf of America region.

As part of the transaction, Yves Paletta, advisory board member of PillarFour and previous advisor to The Bayou Companies, will join the Company as Executive Chairman. Yves brings more than 35 years of international experience as senior executive and board member in publicly listed and private equity backed businesses to Bayou.  Yves previously served as CEO of Clearstream/Flint Energy Services based in Calgary, Canada, President and CEO of Logstor, based in Denmark, as well as Senior Vice President for Shawcor/Bredero Shaw, first based in Houston, Texas, and then in London, United Kingdom, overseeing more than 20 coating plants globally over his career.

“We are excited to partner with the local Louisiana-based management team at Bayou on this corporate buyout and are very pleased to have Yves join as Executive Chairman. We know the business and team well through our existing minority investment in the parent company through PillarFour Capital Partners Fund I,” noted Paul Colucci, Managing Partner of PillarFour. “Over its 80-year history, the Company has established a lasting reputation for reliability, technical excellence, and customer service, while consistently distinguishing itself as an innovator in the offshore oil and gas pipeline coating and insulation markets. Leveraging its solid track record and deep expertise, we plan to pursue a number of growth opportunities that will augment the Company’s existing backlog of work with some of the largest pipeline and LNG developers globally.”

About PillarFour Capital

PillarFour Capital is a global investment fund with offices in Calgary (Canada), London (UK), and Dubai (UAE). PillarFour invests in Oilfield Services Technology and Innovation Companies, focussing on established businesses with high ROIC, low capital intensity and commercial technologies aimed at enhancing sustainability and increasing efficiencies in the oilfield. The PillarFour investment team is made up of dedicated energy and technology professionals, offering our investee companies decades of operational, financial, strategic planning and capital markets expertise. We partner with high quality management teams, putting in place strategies that maximize value creation by emphasizing operational excellence, prudent governance and social license. www.pillarfourcapital.com

For more information, please contact:

PillarFour Capital Partners Inc.

Calgary: +1 (587) 349 2825

London: +44 (0) 20 7358 8118

UAE: +971 58577 6756

E-mail: info@pillarfourcapital.com

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