What CAM Industrial Solutions does

CAM Industrial Solutions is a technology-driven industrial services provider delivering preventative and corrective maintenance, planned turnarounds, operations and maintenance support, and small capital construction to refineries, petrochemical and chemical plants, utilities and power generation assets, and natural resource extraction facilities across North America. Formed in 2023 by an investor group led by Cross Rapids Capital LP with The Baupost Group, the company was capitalized to acquire Worley's North American maintenance, turnaround, and power operations and maintenance business for USD 125 million, establishing a pro forma revenue base of approximately $800 million and a workforce of 4,000-5,000+ skilled craft professionals operating across 40+ sites in 15 US states and Canadian provinces.

The company's core technology is CAM CORE Analytics (CCA), a proprietary cloud-based, mobile-enabled digital platform that captures real-time data on field activities, work delays, tool usage, and safety metrics, and supports predictive maintenance. This is complemented by the Turnaround, Shutdown, & Outage (TSO) Program of Excellence and a proprietary Management Plan Milestone Schedule Checklist App that provides a standardized 16-element readiness review framework. Service breadth spans 15+ craft specialties including pipefitting, boilermaking, welding, electrical, instrumentation, refractory, tower services, precision alignment, rope access, catalyst handling, and tank services, supported by 400+ certified weld procedures and a safety record reinforced by ABC STEP Platinum certification and multiple industry safety awards.

The business model is enterprise-direct: services are delivered on-site at client facilities under negotiated, typically multi-year contracts (average client tenure of 15+ years), with revenue generated through managed maintenance services, project-based turnarounds/specialty work, and operations and maintenance engagements. GTM is enterprise field sales targeting heavy industrial buyers across petrochemical, refining, power generation, and oil sands. Pricing is contract-quoted and not publicly disclosed. The company is privately held under PE ownership (Cross Rapids Capital LP), headquartered in Houston, Texas, with operational hubs in Baton Rouge, Edmonton, Fort McMurray, and Saskatoon.

Name

CAM Industrial Solutions

Legal name

CAM Industrial Solutions LLC

Website

https://camindustrialsolutions.com

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

CAM Industrial Solutions provides industrial maintenance, turnarounds, operations support, and small capital construction for refineries, petrochemical plants, utilities, and natural resource facilities across North America, deploying 4,000+ skilled craft professionals and its proprietary CAM CORE Analytics platform.

Ownership category

akta.pro rank

Product category

Industrial Maintenance and Turnaround Services

NAICS

Electronic and Precision Equipment Repair and Maintenance (811210), Management, Scientific, and Technical Consulting Services (5416), Management Consulting Services (54161)

SIC

Oil & Gas Field Services, Nec (1389), Services-Management Consulting Services (8742)

akta.pro primary industry

Operations & Process Improvement Consulting (BPAHACAB)

akta.pro secondary industry

Industrial Decarbonization EPC, Integration & O&M Services (Design/Build/Operate) (EUABAJAM)

Keywords

• Industrial maintenance services
• Plant turnaround services
• Refinery maintenance
• Petrochemical services
• Power operations maintenance

Headquarters

HQ city

Houston

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Supply Chain, Marketing or Sales

Revenue model

1. Maintenance Services: Recurring and contract-based maintenance services for refineries, chemical plants, and industrial facilities. Includes routine and preventive maintenance, operations and maintenance support, and full-service site management. Services cover mechanical, electrical, instrumentation, and specialty crafts.
2. Turnaround and Specialty Services: Planned turnaround services executed safely and on schedule, including shutdowns, repairs, and restarts. Specialty services include tower services, catalyst handling, rope access, refractory services, tank services, and precision alignment. Project-based revenue with multi-year partnerships (15+ years average).
3. Power Operations and Maintenance: Operations and maintenance services for utilities and power generation facilities including simple-cycle and combined-cycle gas turbines, cogeneration, wind and solar power, and coal assets. NERC compliance support included.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

CAM Industrial Solutions provides preventative and corrective industrial maintenance, turnarounds, small capital construction, and operations & maintenance services for refineries, petrochemical plants, utilities/power generation facilities, and natural resource extraction and processing sites across the U.S. and Canada. Services are delivered on-site by more than 4,000 skilled craft professionals across 15+ specialties and are enhanced by the proprietary CAM CORE Analytics digital platform and the TSO Program of Excellence. Average client partnership duration exceeds 15 years, and the company's pro forma annual revenue is approximately USD 800 million.

Product overview

CAM Industrial Solutions is a technology-driven industrial services company providing maintenance, turnarounds, and small capital projects through a comprehensive suite of services. The company's core offerings center on CAM CORE Analytics (a cloud-based digital platform for tracking field activities, real-time KPIs, and predictive maintenance) and the Turnaround, Shutdown, & Outage (TSO) Program of Excellence (a proprietary management framework with a digital milestone tracking app). These are complemented by diverse craft services including maintenance, operations & maintenance, turnaround/specialty services, tower services, precision services, rope access, catalyst services, electrical, instrumentation, refractory, and tank services. The company operates across 40+ sites in 15 states and provinces throughout North America.

Differentiator

Problem solved

Functional benefit

Products and services

• Maintenance Services Routine and preventive maintenance for refineries, chemical plants, and industrial facilities, covering ASME vessels, process piping, tank repairs, furnace/boiler maintenance, exchanger bundle pulling, scaffolding, electrical, instrumentation, and rope access; intended for refineries, petrochemical plants, utilities, and natural resource processing facilities.
• Operations & Maintenance Services Full-service operations and maintenance for power generation assets including simple-cycle and combined-cycle gas turbines, cogeneration, wind and solar power, and coal assets, with NERC compliance support; targeted at utilities and power generation operators.
• Turnaround/Specialty Services Turnkey general contractor services for planned turnarounds, shutdowns, and restarts including piping, mechanical, specialty welding, exchangers, furnaces/heaters/boilers, electrical, instrumentation, scaffolding, and project management; for refineries, petrochemical plants, and heavy industrial operators.
• Tower Services Tower inspection, repair, and maintenance services including revamps, random and structured packed towers, tray towers, weld overlay, cleaning, and API inspection.
• Precision Services Accurate alignment, measurement, and calibration services for centrifuges, steam/gas turbines, compressors, motors, pumps, gearboxes, and field machining.
• Rope Access Services Safe access to hard-to-reach areas without scaffolding for inspection, mechanical services, electrical, welding, fabrication, coatings, and platform maintenance.
• Catalyst Services Catalyst handling including loading, unloading, screening, blending, reactor inspection, internal tray removal/installation, and wet dumps.
• Electrical Services Installation, maintenance, and repair of electrical systems including medium/low voltage, power distribution, cable pulling, termination, and troubleshooting.
• Instrumentation Services Calibration and maintenance of process instruments including control valves, analyzers, pneumatic/hydraulic systems, and shutdown/turnaround support.
• Refractory Services Installation and repair of heat-resistant materials for furnaces, boilers, rotary kilns, incinerators, and reactors with API 936 inspection capabilities.
• Tank Services Inspection, cleaning, and repair of storage tanks including API 510/650/653 repairs, seal repairs, geodesic dome installation, and cathodic protection.
• CAM CORE Analytics (CCA) Cloud-based, mobile-enabled digital suite that captures real-time data on work delays, tool usage, and safety metrics to drive cost savings, lower operational costs, and deliver faster turnaround times; supports real-time KPI tracking, in-depth performance analytics, and predictive maintenance for industrial clients.
• Turnaround, Shutdown, & Outage (TSO) Program of Excellence A best-in-class turnaround program based on decades of experience that enhances safety performance, reduces event durations, optimizes scopes, and lowers event budgets; includes the proprietary Management Plan Milestone Schedule Checklist App enabling the TSORR readiness review across 16 elements.

Quantifiable outcome

• Delivered nearly $750,000 in approved cost savings during 2025 Saskatchewan Turnaround while maintaining recordable-free safety performance.
• +4 more outcomes

Named customers7 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature3 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Whitefish Lake First Nation #128coreStrategic or Co-development Partner · 19 June 2025Landmark 7.1 Employment Agreement signed to provide Whitefish Lake First Nation members with direct pathways to employment and training in skilled trades. Partnership includes mentorship programs and dedicated workforce development initiatives supporting long-term careers.
• Building Trades of Alberta (BTA)coreStrategic or Co-development Partner · 19 June 2025Partnership with Building Trades of Alberta as part of the 7.1 Employment Agreement with Whitefish Lake First Nation #128. Collaborates to provide inclusive access, mentorship, and workforce development for Indigenous community members in skilled trades careers.
• Worley LimitedminorOthers · 21 February 2023Worley sold its North American maintenance and turnaround business to CAM Industrial Solutions for USD 125 million in 2023. The transaction excluded Worley's construction and fabrication businesses and power operations and maintenance segment. Cross Rapids Capital formed CAM Industrial Solutions to acquire this business.

Scale indicators9 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Brand Industrial Services: National industrial services contractor providing maintenance, turnarounds, scaffolding, insulation, and specialty craft services to refineries, chemical plants, and power generators. Closest direct comparable to CAM given near-identical service mix and customer base.
• Performance Energy Services: Industrial services contractor focused on turnaround, maintenance, and specialty services for refineries and petrochemical plants in the US South and Gulf Coast. Highly comparable scope and customer set.
• Matrix Service Company: Public industrial services contractor (NASDAQ: MTRX) delivering turnarounds, maintenance, construction, and specialty services to refining, petrochemical, and power customers. Comparable in service breadth and customer verticals.
• Turner Industries: Large privately-held industrial services contractor providing maintenance, turnarounds, construction, and equipment rental to petrochemical, refining, and energy customers along the US Gulf Coast. Highly comparable business model and end-market exposure.
• Dynamic Industries: Industrial services contractor providing fabrication, maintenance, and turnaround services to refineries, petrochemical, and LNG facilities across the US Gulf Coast. Direct comparable in craft scope and customer base.
• PCL Industrial Construction: Industrial construction and maintenance contractor serving oil & gas, power, and petrochemical clients across North America. Comparable in craft-labor model and turnaround/maintenance service offerings.
• S&B Engineers and Constructors: Privately-held EPC and industrial services firm providing maintenance, turnarounds, and capital project execution for refineries and petrochemical facilities primarily in the US Gulf Coast. Direct competitor in CAM's core geographies and service lines.
• IES Holdings: Public industrial services contractor (NASDAQ: IESC) providing maintenance, electrical, and instrumentation services to industrial customers including refineries and petrochemical plants. Comparable end-market exposure and service mix.

Broad incumbents

• Worley Limited: Global energy, chemicals, and resources project services firm and CAM's former parent (sold the North American M&T business to form CAM in 2023). Larger, broader incumbent serving similar end-markets with wider EPC portfolio.
• Wood plc: Global engineering and industrial services consultancy with operations, maintenance, and turnaround capabilities serving refining, petrochemical, and power customers. Broader incumbent with overlapping service offerings.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/CAMIndustrial23
• Facebookfacebook.com/profile.php
• LinkedInlinkedin.com/company/cam-industrial-solutions-llc

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CAM Industrial Solutions