Alegacy Group was formed in 2013 by Principals Bob Nickles and Bo Pierce as the parent company and General Partner of all Alegacy Entities. Mr. Pierce retired in 2017.
During early meetings with co-founders Will Reyes and Minnie Beach the culture and intent of leaving “a legacy” with any new venture became apparent; thus was “Alegacy” born. Reyes previously held roles of increasing responsibility at SEC Energy Products and Services and predecessor companies Exterran and Hanover Compressor Company.
Alegacy Equipment was created with the intent to become the premier independent gas compressor packager. In our combined careers we’ve built more than 6,000 compressor packages, exceeding 5 million horsepower, and surpassing $5 billion revenue. In the first nine years of Alegacy Equipment, we have already sold over $1.5 billion which equates to more than 1.8 million horsepower representing over 1,500 new compressor packages. Will Reyes serves as President of Alegacy Equipment.
Alegacy Development originated to build a superior extra heavy crane-served industrial park for use of similar businesses to its sister company, Alegacy Equipment. Currently, Alegacy Development has in excess of 300,000 SF under-roof.
Bob Nickles career has been centered on energy services, in particular natural gas compression. He began with Nickles Machine as Project Engineer and worked through the ranks as Engineering Manager, Plant Manager, VP of Operations, President and CEO. Ultimately, he established Nickles Industrial as the largest independent parts, service and repair organization in the reciprocating compression industry; NI was sold to Cooper Cameron in 2001. While with Cameron Bob served as SVP of Sales and Marketing and as SVP of Operations. Bob was an initial round equity investor and Chief Operating Officer of Valerus Compression Services, which was sold to TPG. Currently Bob is a member of the Board of Directors for First Financial Bank serving as the Chairman of the Risk Committee and on the Executive Committee and the Nominating/Corporate Governance Committee and as Chairman of the Kingwood Regional Advisory Board, other Board of Director roles include Fast Fusion LLC, and serving as Managing Director of multiple private equity placements. He currently serves as Chairman of the Finance Council of St. Matthias Catholic Church. Mr. Nickles earned a BS in Mechanical Engineering Design Technology from Oklahoma State University.
Fremont-Macanta Invested in Alegacy in 2018.