Great Range Capital has partnered with Ryan Moody, the former president and CEO of ABS Group, to lead a search for a new platform in the industrial compliance services sector.
Industrial compliance service providers support businesses operating in sectors such as energy, chemicals, manufacturing and power generation, where regulatory oversight requires routine inspections, engineering reviews and safety verification. These types of companies perform activities including equipment inspections, regulatory audits, materials testing, engineering consulting and certification services that help operators maintain compliance with federal, state and industry safety standards.
Mr. Moody has more than 25 years of experience in the industrial and energy sectors. Most recently, he was the President and CEO of ABS Group, a Texas-headquartered provider of engineering consulting, risk management and technical advisory services to companies that operate complex industrial and energy infrastructure.
Ryan Moody
“Leading ABS Group through a major transformation gave me firsthand insight into the fragmentation of the industrial compliance sector. Many strong technical companies are constrained by access to capital, modern technology, and commercial resources needed to support growth,” said Mr. Moody. “Our goal is to bring together best-in-class service providers and equip them with the capital, technology, and operational resources needed to best serve their clients, while preserving the technical expertise and culture that define their success.”
Once a new platform company is identified, Gary Baughman will join the effort as executive chairman of the platform. Mr. Baughman has more than four decades of experience in engineering, construction and environmental services, including senior executive roles at APTIM, Fluor and AECOM, all of which provide large engineering and infrastructure services to companies that design, build or manage complex industrial and infrastructure projects.
Ryan Sprott
“Both Ryan and Gary bring deep industry knowledge to the search for our next platform company,” said Ryan Sprott, a managing partner at Great Range. “We’re confident we have the right team in place to identify the right platform and drive significant growth and value creation post-close.”
Great Range invests in Midwest-based companies that have revenues ranging from $20 million to $150 million and at least $3 million of EBITDA. Sectors of interest include niche manufacturing, business and industrial services, consumer and retail, and healthcare services. In November 2023, the firm held a final close of Great Range Capital Fund III LP at its hard cap, with $250 million of limited partner commitments. Great Range is headquartered near Kansas City in Mission Woods, Kansas.
