Clane LaCrosse, CEO of Bosque Systems, and John Goff, CEO of Crescent Real Estate Holdings, are two Tarrant-area winners in this year’s Ernst & Young Entrepreneur of the Year awards for the Southwest.
Fort Worth-based Bosque provides water management and recycling services to the oil and gas industry. Crescent, also based in Fort Worth, owns and manages office, hotel and residential properties.
Regional winners move on to compete in a national competition in November.
LaCrosse founded privately held Bosque in 2007. The company has operations in major producing areas and says it helps operators reuse all the flowback and produced water in the Permian Basin’s Wolfcamp play in arid West Texas.
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“Instead of using 100 barrels of water one time, we want to encourage operators to use one barrel 100 times,” LaCrosse said. The company employs 63 people at its headquarters in downtown Fort Worth and has 556 total employees.
Goff co-founded Crescent with Fort Worth investor Richard Rainwater before taking it public in 1994. It was acquired by Morgan Stanley in 2007 before Goff, in a joint venture with Barclays Capital, bought it back in 2009.
The company’s properties include the Crescent Office Towers and Ritz-Carlton hotel in Dallas and Canyon Ranch Resorts in Tucson, Ariz., and Lenox, Mass., among others.
Goff said the award comes as Crescent marks its 20th anniversary. “We received this recognition because of all of our employees, partners, customers and vendors, both past and present, who have helped make Crescent what it is today.”
TTI acquires Astrex Electronics in New York
TTI, a Fort Worth-based subsidiary of Berkshire Hathaway, said it has acquired Astrex Electronics, a privately held connector distribution specialist based in Plainview, N.Y.
“I’m very pleased to be bringing Astrex Electronics into the fold of the TTI family of companies,” Mike Morton, president of TTI Americas, said in a statement. “I am confident that Astrex's 50 years of focus and success in the military/aerospace connector marketplace will prove to be of exceptional benefit to the customers of all the TTI companies. I'm looking forward to having the Astrex experience and expertise on our team."
Astrex will operate independently of TTI until a system integration is completed, TTI said. Astrex President Mike McGuire will report to Morton, TTI said.
“Joining an organization with such well-known commitment to connector products, customer service, technical expertise and resources will allow us to provide our customers with an even higher level of service,” McGuire said.