Aereon Names Saeid Rahimian CEO

AUSTIN, Texas–(BUSINESS WIRE)–Aereon,
a global provider of emission control equipment and custom engineered
solutions, as well as aftermarket parts, sales and field services for
the oil and gas industry, announced today Saeid Rahimian has joined the
company as Chief Executive Officer.

“On behalf of the board of directors, we are delighted that Saeid has
accepted our offer to become the Aereon’s new CEO. Saeid brings a wealth
of relevant experience to the company, which greatly complements the
strengths of the existing senior leadership team,” said John U. Clarke,
Executive Chairman of the Board of Directors for Aereon and partner with Turnbridge
Capital, LLC, the company’s primary equity sponsor. “In addition,
Saeid shares Aereon’s vision of establishing a premier equipment and
services supplier focused on providing emission control solutions to
upstream and midstream customers in the U.S. and global markets.”

Rahimian commented, “I look forward to working alongside Aereon’s
impressive management team and helping make our strategic vision a
reality. The company is well positioned, with a dedicated and
technically astute employee team, a solid balance sheet and a strong
reputation for quality and safe operations.”

“The company offers an attractive and broad array of differentiated
product and service offerings for customers in the U.S. and around the
world. With increasing focus on both environmental compliance and
maximizing recovery of hydrocarbons, we can offer unique and cost
effective solutions for our customers and the ability to support their
operations throughout the life cycle of their assets,” Rahimian
continued.

Rob Horton, Partner with Turnbridge, added, “We are pleased Aereon was
able to attract a CEO of Saeid’s caliber, who is a proven executive with
relevant experience and a track record of success in building great
companies and creating value for all constituents, including customers,
employees and investors. We look forward to working with Saeid and the
rest of the Aereon management team as the company continues to grow.”

Rahimian joins Aereon after most recently serving as President and CEO
of Gardner Denver Energy Group, a division of KKR sponsored Gardner
Denver Inc. Rahimian earned a Bachelor of Science degree in Mechanical
Engineering from Evansville University and a Master’s of Mechanical
Engineering degree from The Ohio State University.

About Aereon

Aereon, headquartered in Austin, Texas is a global leader in combustion,
vapor recovery, and air pollution-control technology services and
equipment for multiple industries. Aereon was formed in 2012 when Flare
Industries, LLC acquired Jordan Technologies, and subsequently acquired
select assets from Abutec LLC. Under three brands, Aereon offers the
broadest product line of flare systems, enclosed combustion
systems/thermal oxidizers, ignition systems and vapor recovery units.
Aereon supplies equipment and services to customers in over 45 countries
around the world. Aereon was recapitalized in 2011 by Turnbridge Capital
LLC, a private equity firm focused exclusively on energy services and
equipment investments. For more information, visit www.aereon.com.

About Turnbridge Capital

Turnbridge Capital LLC (www.turnbridgecapital.com)
is an energy-focused private equity firm with offices in Dallas and
Houston, TX. Turnbridge seeks to invest alongside experienced management
teams in companies that provide services, equipment and products for
upstream, midstream and downstream market segments.

Contacts

for Aereon
Drew Wilson, 972-499-6642