Worldwide conceptual engineering services based in Tampa, Florida

Engineered To Inspire

Experienced people. Exceptional outcomes.

We are committed to ensuring your success by delivering services and products that meet or exceed your requirements for quality and value. PegasusTSI works as an extension of your resources, maintaining a true team concept. Our proven expertise, accountability and fierce dedication to personal service have resulted in long-term client relationships across the globe.

Company history

Based in Tampa, Florida, our team has a long history of working together, formerly as The Badger Company and subsequently as Raytheon Engineers & Constructors and Mustang Tampa, Inc. Over years of significant and steady growth, we are proud to have built a global reputation successfully serving the needs of the oil refining, petrochemical, fertilizer, chemical, pharmaceutical, municipal, consumer products and industrial facilities industries. Now, as we look towards the future, we have the team and talent in place to elevate our company even higher.

Our mission

To deliver world-class, comprehensive engineering solutions to our clients, domestically and globally through advanced technologies, accessibility, full transparency and a proven disciplined approach that achieves inspiring results.

Our core values

Ever curious to
keep evolving

We have an innate desire to learn, grow and innovate. Our intellectual curiosity sets us apart and drives us with the tenacity to bring forth the best solutions for our clients.

Driven to solve
through disciplined expertise

We possess deep-rooted process engineering knowledge among a wide variety of industries. Our unparalleled systematic approach and true understanding of our clients is our biggest strength. From concept to completion, we keep our eyes on the details for you.

Always committed
to people first

We believe fostering trusted relationships is the key to mutual success, within our team and yours. We ensure you have the right people on the right projects, working toward a common vision with a collaborative spirit.

Acting with integrity
and accountability

From the top down, we've instilled a sense of integrity and pride in our team. We strive to be flawless, but when challenges arise, we take genuine responsibility, reset and always do what's right for our clients.

Delivering outcomes that inspire

Everything we do is with the intention to wow our clients. Whether a basic project or complex challenge, we strive to overdeliver and inspire. We strive to elevate everything we touch and build long term trust along the way.

Safer and Stronger

We have an unrelenting commitment to protect our employees, our clients, our communities and our environment. With a “Zero Incident” culture, we strive to bring the most advanced health and safety best practices into everything we do. When we are safer, we are stronger.

Our vision

To create ideas that enlighten and elevate businesses, communities, and our planet, now and for future generations.

Workplace safety

We strive to protect the environment as well as the health and safety of employees, contractors and customers at our offices and plant sites. Our goal is to be identified with the best in the industry.

HS&E risk management

Risk management includes identifying risk reduction opportunities, complying with legislation and standards and making line management accountable. PegasusTSI implements its risk management by including HSE competencies and performance in-staff appraisals and rewards; by providing HSE education and by training; measuring, appraising and reporting HSE performance; conducting compliance audits; and requiring contractors and suppliers to comply with our requirements.

Leadership team

Karl Ibadulla
Founder/Board of Directors

Mr. Ibadulla is one of the founders of PegasusTSI and serves on its Board of Directors. His vision and leadership are why PegasusTSI has consistently achieved the strategic and financial goals. Mr. Ibadulla remains focused on the continuous growth of the organization and believes in maintaining a high level of client satisfaction and employee morale.

Mr. Ibadulla holds a Bachelor of Science Degree in Chemical Engineering from Leeds University, United Kingdom. In addition, Mr. Ibadulla is a member of the Institute of Chemical Engineers (UK).

Stuart Singleton
Founder/Board of Directors

Mr. Singleton is one of the founders of PegasusTSI and serves on its Board of Directors. He has over 40 years design and project management experience in the chemicals, fertilizer, polymers, petrochemicals, and gas processing industries.

Mr. Singleton’s foresight and guidance are the cornerstones of PegasusTSI’s culture of communication and support. He continues to provide strategic guidance for growth and client engagement throughout the life of every project.

Mr. Singleton holds a degree in Chemical Engineering from the University of Bradford, United Kingdom. In addition, Mr. Singleton is a member of the Institute of Chemical Engineers (UK).

Ronald Sepúlveda
Chief Executive Officer

Mr. Sepúlveda serves as PegasusTSI’s Chief Executive Officer (CEO). He reports to the Board of Directors and oversees all aspects of the business. As Chairman of the Leadership Team, Mr. Sepúlveda drives PegasusTSI’s strategic initiatives to elevate company performance.

Prior to his current role, Mr. Sepúlveda held the positions of General Manager, Manager of Projects, and Senior Project Manager, responsible for providing project oversight and support; developing and providing project management tools; directing multidisciplinary teams in the successful execution of project tasks in an orderly, economical manner; and meeting established project objectives.

Mr. Sepúlveda has 30 years of project management experience in all engineering phases for domestic and international clients in the United States, Saudi Arabia, Morocco, Chile, Brazil, Finland, and several other countries.

Mr. Sepúlveda holds a Bachelor’s Degree in Chemical Engineering from the University of Concepcion, Chile. He is a Chemical Engineer with over 34 years of experience focusing in the areas of Engineering and Project Management for a diverse range of industries, like specialty chemicals, fertilizers, minerals, consumer product, chemicals, and petrochemicals.

Ricardo Sepúlveda
Director of Business Development

Mr. Sepúlveda serves as PegasusTSI’s Director of Business Development. With his enthusiastic commitment to business growth and seeking new opportunities to leverage technology into capital projects, Mr. Sepúlveda consistently demonstrates leadership in identifying and pursuing sales opportunities. His additional responsibilities include managing corporate contacts and serving as legal counsel liaison for the company.

As the former Senior Business Development Manager, Mr. Sepúlveda made significant contributions to business expansion, providing leadership and direction for the chemical, renewable fuels, fertilizer, petrochemical, and refinery market sectors. Previously Manager of Process Engineering, Mr. Sepúlveda’s responsibilities included direction and overall supervision of all projects.

As General Manager, Mr. Sepúlveda was responsible for the startup of a company for executing EPC projects; responsibilities included business development, consortium agreement with technological partners, contract negotiations for EPC contracts and financial results of the company. The company increased sales from 7 MMUS to 70 MMUSD in 3 years.

Mr. Sepúlveda has 30 years of experience in process design, product development, and management. His industry experience includes refining, petrochemical, particle board manufacturing, waste treatment, energy, and natural gas industries. Mr. Sepúlveda holds a Bachelor’s Degree in Chemical Engineering from the University of Concepcion, Chile and MBA from University of Chile. He is a Registered Professional Engineer in the states of Florida, Georgia, Kentucky, and Alabama.

Lucien Richard
Manager of Engineering

Mr. Richard serves as PegasusTSI’s Manager of Engineering. His responsibilities include the overall performance and interdepartmental effectiveness of the Engineering and Design Departments, which entails project oversight and support, and the development of and conformance to project execution tools and work processes. Mr. Richard holds the additional responsibilities of managing QA/QC and IT services for the company.

Mr. Richard has over 28 years of experience focusing in the areas of piping engineering and project management for the power generation, chemicals, petrochemicals, fertilizers and refining industries. He has been involved in all phases of both new and retrofit multidiscipline projects, from initial design concepts through construction and operation.

Mr. Richard holds a Bachelor’s Degree in Mechanical Engineering from McNeese State University, Lake Charles, Louisiana, and is a Registered Professional Engineer in the states of Alabama, California, Florida, Georgia, Kentucky, Louisiana, Maryland, Mississippi, Montana, North Carolina, New Jersey, New York, Ohio, Pennsylvania, South Carolina, Texas, and West Virginia.

Gregory Coons
Manager of Projects

Mr. Coons is the Manager of Projects for PegasusTSI. He is responsible for successful results of the company’s projects. He achieves this through effective coordination and alignment of multi-site, multi-cultural teams through risk identification & management, owner & operations team collaboration, optimizing regional scope, cost analysis & control, and scope growth recognition & control. Mr. Coons also oversees all Construction Management activities related to any projects.

Mr. Coons has more than 38 years of professional experience that includes international project director, senior project manager and manager of multi-cultural project teams in international locations. International experience in India, China, Japan, Korea, Chile & Peru, as well as in Europe, while leading corporate project teams both in Mumbai, India and in Shanghai, China. He provided leadership for competitive execution strategy development for successful large projects in industrial gas, specialty gas, and chemical facilities.

Samaria O’Kelley
Financial Controller

Ms. O’Kelley serves as PegasusTSI’s Financial Controller. Her diligence and resourcefulness throughout her career with the Company has contributed to our success. Ms. O’Kelley’s participation as a member of the Leadership Team added to her solid decision-making aptitude lays a strong foundation to implementation of the company’s strategic plans and goals, while relying on her sound financial understanding of company needs.

Samaria has been a pillar of strength for PegasusTSI and brings a wealth of experience from her background in Accounting and Finance, which proves invaluable to the company.

Elevating our communities

Whether helping to feed the homeless, organizing toy drives for children in need, or funding research to find a cure for blood cancer, our employees bring a generosity of spirit to everything they do. Below are just a few of the many ways we give back to our community.

Cereal for Summer (Q1 2026)

We’re proud to support the Cereal for Summer community program through Feeding Tampa Bay and grateful for the incredible team members who came together to make a difference.

Through donations, volunteer efforts, and community spirit, our employees helped provide cereal and breakfast items to children and families across our community during the summer months – a time when many students lose access to school-based meals.

Giving back is part of who we are, and it’s inspiring to see our team step up to support such an important cause. Thank you to everyone who contributed their time, energy, and generosity to help make this initiative a success.

Total donations equaled 143 pounds of cereal which provides 1,430 meals to families in need.

Ronald McDonald House (Q2 2023)

We had a blast volunteering at Tampa Ronald McDonald House to prepare a meal program. Our team cooked up a delicious chicken pasta, tossed salad, fruit salad, cookies, and garlic bread and also donated perishables for the house.

If you want to be part of our amazing team, work a hybrid schedule and have fun, with us we are hiring! We have some excellent opportunities in engineering, design and support roles.

Feeding Tampa Bay (Q2 2022)

A new charity activity took place this spring that included collecting cereal for Feeding Tampa Bay for their “Cereal for Summer” food drive. Elisa Powell organized the drive by encouraging the team to bring in cereal which in return could be used to “purchase” PegasusTSI logo items. We were able to collect over 150 boxes of cereal! Thanks to everyone that participated!

Hillsborough Education Foundation (Q3 2022)

Every year Hillsborough Education Foundation partners with the community to collect school supplies for students and this year PegasusTSI participated. Our employees brought in much needed school supplies with our Leadership Team providing a 100% donation match!

Metropolitan Ministries (Q4 2022)

Metropolitan Ministries has served poor and homeless men, women, and children in the Tampa Bay region for over 35 years. Serving approximately 100-150 families daily through Outreach and Prevention Services, the Ministries remains committed to breaking the cycle of poverty. PegasusTSI employees proudly support Metropolitan Ministries each year by filling “Boxes of Hope” to provide a complete holiday meal for families through the Thanksgiving Food Drive.

Salvation Army Angel Tree

PegasusTSI supports Tampa’s Salvation Army’s Angel Tree Drive each year in order to provide a brighter Christmas for families in need and smiles to little ones’ faces. The PegasusTSI Christmas Tree is lit and transformed into an Angel Tree decorated with Paper Angels containing children’s Christmas wishes. These Angels are picked up by employees and returned later accompanied by lots of toys, bicycles, electronics and clothes for Santa to deliver to children across the Bay Area.

Feeding Tampa Bay (Q1 2021)

Our team had a great time volunteering at Feeding Tampa Bay! It was such a pleasure to work alongside other companies to help this amazing organization!

Celebrating diversity

PegasusTSI and its predecessor companies have evolved and prospered historically from a very diverse and ever-globalizing marketplace. We are proud to celebrate inclusive diversity as a large part of who we are and who we intend to be moving forward.

Our journey towards more inclusive, multicultural diversity also embraces gender, religion and age as part of our philosophy. We enjoy inclusive leadership participation at all levels of our organization where all voices are heard and respected.

Assimilating diverse ideas, points of view and beliefs is challenging, especially when the new path forward differs from that of the past. As we remain open-minded about our constantly changing business world and client community, we will always engage, listen and seek counsel from those with differing viewpoints from our own, guided by sound business decision thinking and ethical practice.