Stewart & Stevenson

Stewart & Stevenson
Private
Industry Manufacturing, Distribution, Rental and Parts & Service
Founded 1902, Houston, Texas
Founders C. Jim Stewart and Joseph R. Stevenson
Headquarters Houston, Texas
Key people
 Hushang Ansary
(Chairman)
John B. Simmons
(Chief executive officer)
Number of employees
 2,500 (2011)
Slogan A Century of Innovation
Website http://www.stewartandstevenson.com/
Stewart & Stevenson headquarters in Downtown, Houston

Stewart & Stevenson, a privately held company based in Houston, Texas, designs, manufactures and provides specialized equipment and aftermarket parts and service for the oil and gas and other industries.

History

Headquartered in Houston, Texas since 1902, Stewart & Stevenson provides equipment and service to the global market from a network of sales and service centers in domestic and international locations.

Anthony James Davis was named CEO in November 2015. This appointment, in addition to his appointment to the board is effective February 2016.[1]

Product Offering

A Rail King rail car mover

The company manufactures oilfield equipment that includes truck, trailer, and skid mounted fracturing blenders and pumpers and units for chemical additive, cementing, coiled tubing, nitrogen pumping, controls and power generation equipment; land-based drilling, workover and well servicing rigs; and Rail King railcar movers.[2] Stewart & Stevenson is a distributor of diesel and natural gas engines, transmissions and materials handling equipment. Stewart & Stevenson partners with original equipment manufacturers such as; MTU, Detroit Diesel, Electro-Motive Diesel, Deutz, Allison Transmission and Hyster. The company also provides aftermarket parts and service and offer rental equipment to a broad range of customers. Headquartered in Houston, Texas since 1902, Stewart & Stevenson provides equipment and service to the global market from a network of sales and service centers in domestic and international locations.

Anthony James Davis was named CEO in November 2015. This appointment, in addition to his appointment to the board is effective February 2016.[1]

The markerts served by the company include Oil & Gas, Power Generation, Material Handling, On-Highway / Transportation, Rail, Marine, Mining, Construction / Industrial, Agriculture and Military / Government.

History

In 1902, Stewart & Stevenson originated in Houston, TX, as a blacksmith shop shoeing horses and a carriage shop manufacturing carriages and wagons. In 1905 C. Jim Stewart & Stevenson repaired their first “horseless carriage.

As the automobile became more prevalent, in 1920 the company shifted its focus to automobile repair and customization. In 1923 the company became a GMC truck distributor and builder of truck body variants.

The company as of 1938 through the 1950s manufactured a “swamp buggy” for support of oil exploration in Gulf Coast marsh areas.

In 1958, the company entered the aircraft ground support business with GM Detroit Diesels. During the decade, designed and built approximately 1000 low silhouette, self-propelled GPUs with a 400 Hz, 90 kVA generator set for major airlines and in 1959 Signed distributorship for Hyster industrial forklifts.

During the 1960s the company designed, built and marketed oilfield self-propelled service units under the trade name “Fieldmaster.” In 1962, the group expanded the ground support equipment product line with tow tractor for various airlines, and in 1963 built oilfield frac trucks.

Between 1963 and 1966, the company entered gas turbine – powered industry & pleasure craft engines. In 1969 the company designed and built Land Leveler vehicle used for leveling an area that was to be water flooded for rice fields. In the 1970s the company formed the Thermo King division, and in 1975 began JV GM Detroit Diesel Sales in Venezuela.

In 1980, the company started building GE gas turbine power packages for offshore oil rigs. 1985 saw the California Cogen – power producing industry and the company competed for the U.S. Army’s M939 A2 5-ton program.

Through a joint venture with Mercedes Benz, built 700 “Starship” transit buses from 1987-1992.

In 1988 the company granted exclusive territory for EMD engines, included 10 southern states, Mexico & Central America, and in 1989 awarded a John Deere light industrial dealership.

In the 1990s, the company designed and built Rail King railcar mover, awarded contract to build $1.2 billion of 2.5 & 5-ton trucks for U.S. Army, purchased Foley Valves – oil field equipment supplier, acquired PAMCO – Waukesha gas compression & generating equipment, signed agreement with European Gas Turbines Ltd., packager of mid-range units. Marketed large self-propelled snowblowers for use at airports and on roadways, competed for the U.S. Marine/Army Medium Tactical Truck Replacement (MTTR) Program, and began production in September of second multi-year contract for the next FMTV increment of 10,000 vehicles.

In 2000, the company sold its gas-turbine division to GE Power Systems, and acquired TUG aircraft ground support vehicles business. The following year, the company sold its John Deere dealership and formed the Specialty Wheeled Vehicle Division.

In 2002 the company celebrated 100 years in manufacturing, with the company focusing on four business groupings: • Power Products: distributor, value-added packager, and service provider of MTU, Detroit Diesel, Waukesha, Hyster, Allison, Electro-Motive, and Deutz products for numerous markets. • Tactical Vehicle Systems: manufacture of FMTV military trucks and trailers. • Engineered Products: consisting of Petroleum Equipment (Coiled Tubing, Fracturing and Acidizing equipment, and Remanufacturing); Distributed Energy Solutions (Backup Power Plants, Distributed Generation, Peak Shaving Plants, Wastewater Plants and Landfill Plants), and Utility Equipment (manufacture of Rail King, Snow Removal, Input/Output equipment). • S&S TUG: manufacture of airline ground support equipment.

On October 18, 2002, Stewart & Stevenson stock moved to New York Stock Exchange; shares sold under new ticker symbol “SVC.”

Other highlights of the company from 2002 to 2003 include the company having built all electric TUG product line and the HEV transit bus package was added (hybrid “clean engine”) Stewart & Stevenson was awarded U. S. Army’s FMTV A1CR Contract for 10,000 trucks and trailers through 2008.

In 2004 company highlights included: • Exited Thermo King product offering and internal transportation business • Disposed of wheelchair lift manufacturing and MerCruiser product offering • Transferred Hybrid Bus Refurbishment operation from Power Products to Engineered Products • Exited Distributed Energy Solutions business • Sold TUG airline segment • TVS added Mercedes-Benz G-Wagen and Automotive Technik’s Pinzgauer Light Tactical Vehicle to its product line; offers 15 vehicle variants. Obtained contracts for FMTV Low Signature Armored Cab (LSAC). • Power Products executed new contracts with Detroit Diesel and DaimlerChrysler for distribution and servicing of diesel engine products • Key business partners: Allison Transmission, Detroit Diesel/MTU, Deutz Corporation, Electro-Motive Division, Hyster Company, and Waukesha.

In 2005, the company refocused on three segments: Tactical Vehicle Systems, Power Products and Engineered Products, an in 2006 the company's Tactical Vehicle Systems merged with Armor Holdings, Inc and the Engineered Products and Power Products divisions sold to Hushang Ansary; becoming Stewart & Stevenson LLC. Company focus: manufacture of equipment for oil and gas market, international expansion.

In 2007 Stewart & Stevenson LLC acquired Crown Energy Technologies, Inc., expanding the company’s line of stimulation equipment for the oil and gas industry and adding rigs to the product line.

In 2011 Stewart & Stevenson LLC acquired EMDSI-Hunt Power LLC, to be merged with S&S EMD operations (primarily New Orleans branch) and expand EMD sales and service internationally, as well as use international territories gained to expand oil & gas products and services internationally.

See also

References

  1. 1 2 "Stewart & Stevenson names CEO Anthony J. Davis - Houston Business Journal". Houston Business Journal. Retrieved 2015-11-10.
  2. ↑ "Stewart & Stevenson, LLC: Private Company Information - Businessweek". Businessweek.com. Retrieved 2015-11-10.

External links

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