RedHawk Capital Acquires HMS Holdings, Inc.
September 30, 2009 @11:17am
LAFAYETTE, LOUISIANA – SEPTEMBER 30, 2009 – RedHawk Capital, L.L.C., a wholly-owned subsidiary of Beechwood Capital Corporation ("Beechwood Capital"), announced today the acquisition of 100% of the issued and outstanding stock of RedHawk Energy Corporation ("RedHawk"), formerly known as HMS Holdings, Inc., a New York based “blank check” public shell company. Concurrent with the completion of the acquisition, Beechwood Capital relocated the executive offices of RedHawk to Lafayette, Louisiana.
Incorporated in Delaware in 2005, RedHawk was formed for the purpose of locating and negotiating with a business entity for a business combination generally through merger or acquisition. Beechwood Capital said it expects to initially capitalize RedHawk with certain investments currently held in its portfolio.
G. Darcy Klug, owner and founder of Beechwood Capital, has initially been appointed as the sole member of the Company’s Board of Directors, and as the Company’s Chairman of the Board and Chief Executive Officer.
Since May 2008, Mr. Klug has been involved with private investments and business pursuits. Until he resigned in May 2008, Mr. Klug was the Executive Vice President of OMNI Energy Services Corp. (Nasdaq GM: OMNI). Mr. Klug joined OMNI in May 2001 after being involved with private investments since 1987. Between 1983 and 1987, Mr. Klug held various positions with a private oil and gas fabrication company including the positions of Chief Operating Officer and Chief Financial Officer.
Prior to 1983, Mr. Klug held various financial positions with Galveston-Houston Company, a NYSE-listed manufacturer and lessor of oil and gas equipment. Between 1973 and 1979, he was a member of the audit staff of Coopers & Lybrand (now PricewaterhouseCoopers). Mr. Klug is a 1973 graduate of Louisiana State University and, in 1974, was admitted to the Louisiana State Board of Certified Public Accountants, the Texas State Board of Certified Public Accountants, and the American Institute of Certified Public Accountants.
RedHawk Energy Corporation is focused on investments in and the consolidation, through acquisition, of domestic oil and gas equipment manufacturing, leasing and service companies.