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Restructuring positions McIntosh Corp., subsidiaries for growth

Restructuring positions McIntosh Corp., subsidiaries for growth

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In 1993 when Tom Owens purchased what was then known as McIntosh Services Inc., the company had about 15 employees.

Now the workforce has grown to more than 200, and the business is coming to the end of what has been a major year for restructuring and repositioning for further growth.

On Jan. 1, total mechanical system provider McIntosh Services Inc. became McIntosh Corp. The corporation, which has about 30 administrative and shared service employees of its own, is made up of two new entities — subsidiary McIntosh Mechanical LLC and subsidiary McIntosh Service LLC.

The restructuring enables each company to grow and to focus on the construction and service businesses, respectively, said Owens, chairman of parent company McIntosh Corp.

“It was a two-pronged approach,” Owens said of the reason for the restructuring. “One was for future growth, and one was for risk management purposes.”

The reorganization has been very successful so far, Owens said.

In addition to putting previous McIntosh Services Inc. employees Steve Johnson and Chuck Benningfield in the roles of president of McIntosh Mechanical LLC and McIntosh Service LLC, respectively, the organization also hired several new people during a very short time period, Owens said.

Among the new talent is Bob Petre, the chief financial officer at McIntosh Corp. The organization brought Petre on board to help navigate the new, more complex corporate structure and to oversee the transition to a more sophisticated full-service software system, Owens said.

Primary projects for design build and mechanical contracting company McIntosh Mechanical consist of the installation of HVAC systems, plumbing systems and medical gas systems in hospitals. Projects typically range from $1 million to $20 million.

The restructuring allows Johnson and his team of about 85 employees to focus on large, total mechanical construction projects, Owens said. It will also give the company more opportunities to pursue projects outside of the Tulsa area.

Among McIntosh Mechanical’s current projects is plumbing and HVAC installation for the renovation of Tulsa City-County Library’s downtown location Central Library. Other high-profile installation projects during the past few years include the Guthrie Green, Saint Francis Hospital’s Trauma Emergency Center tower and parts of the BOK Center.

McIntosh Service LLC provides functions like preventative maintenance and emergency service for existing HVAC, plumbing or industrial piping systems as well as test and balance programs. Projects typically costs $1 million or less, and the company also has about 85 employees.

The restructuring was something the company did to best serve its customers, and feedback has been very positive, Benningfield said.

“Now our customers understand we have a special group that’s committed to them and taking care of them,” Benningfield said.

The formation of McIntosh Service LLC also provides the opportunity for expansion of the company. Leadership is in the early stages of plans to open satellite offices in the eastern half of the state.

“We’re just waiting for the right opportunity,” said Daniel Owens, CEO of McIntosh Corp. He purchased a portion of the company in 1999 when he decided to join his father, Tom Owens, in business.

When his father acquired McIntosh, it was primarily a service company, Daniel Owens said.

But originally McIntosh, which was founded during the 1950s by Pat McIntosh, had consisted of a construction arm as well. That company, similar in function to McIntosh Mechanical, went bankrupt during the 1980s and ceased operations.

“It’s kind of putting it back together,” Daniel Owens said of the current restructuring. “We’d talked about it for years and years, but it got to the point where it was time for us to do it.”

Casey Smith 918-732-8106


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