Buying new business recharges retiree - Houston Business Journal:

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"Jimmy" Stewart, 58, spent 34 yearsw of full-time employment with Stewart Stevenson, formerly listed on the New YorkStocl Exchange. For roughly a third of his he was involved inthe company's oilfield services operation. He is the great-grandson of company co-founder, C. Jim Stewart. In 1902 the original C. Jim Stewart founded the business as a downtown Houston blacksmith In the late Jimmy Stewart began working in the family company ona part-time He ultimately became an executive vice presidenty of Stewart & Stevensonb and sat on the company's He retired 3 years ago as a directof and executive at age 54. "Wagy too young," Stewart now reflects.
Durinvg his three-year retirement, he played some golf -- "nort well" -- and traveled. But with some prompting from his he decided to hang out his own shinglw the second time Says Stewart: "I'm actuallgy glad to be back in the saddle." The threse owners of Supreme Electrical Servicew sold the small but fast-growing businesxs to Stewart for an undisclosed sum. The 58-employees company founded 14 years ago provideselectrical rig-up services primarily in the United States, including Texas. Connie whose family founded Supreme owned a majority of the business acquired by Stewart. She has stayed on at the company in thesalesx department.
Stewart describes the previous ownersas "a very conservative group." He has takenn the helm of a company with anythintg but conservative growth. Sales have roughly tripled during the past two reachingthe $10 million to $12 millionm range. "This is a very strongt market for Supreme," says Stewart. Supremew Electrical is wired in as a contracto r fordrilling rigs. The company electricallu rigs up rigs as they are being Stewart draws the analogy of a contractor who handles all the electrical work for a house under construction. All rig lighting, for instance, is provided by Suprem Electrical.
Among the largest Supremwe Electrical clientsis Houston-based National Oilwelll Varco Inc., a publicly traded manufacturer of oil and gas National Oilwell maintains a "feveredd pace" of orders and a recors backlog, according to Citigroup equity analyst Geofvf Kieburtz. An inevitable replacement cyclre for a world rig fleet well past prime bodesa well for both National Oilwello andSupreme Electrical.