At GCP we pride ourselves on our diversity
of business partners and businesses we handle.
Below is a list of those business segments and
the deals we've made:
| Energy |
| Company |
Description |
Transaction |
| Airdrome
Holdings, LLC |
Airdrome Holdings, LLC
(“Airdrome”), comprised of Airdrome
Precision Components and AF Aerospace, Ltd.,
based in Long Beach, California and Rugby,
Warwickshire, England, respectively, is a
leading manufacturer of precision-machined
aerospace components including precision
pneumatic and hydraulic components for mission-critical
aerospace applications. Airdrome’s
advanced technology allows for the production
and distribution of a significant array of
complex parts and assemblies in aerospace
markets around the world. |
Acquired by Precision
Castparts Corp. |
| American
Central Gas Technologies, Inc. |
American Central, headquartered
in Tulsa, Oklahoma, provides gas gathering
and processing services to producers by constructing
pipelines to gather gas from individual wells
and then aggregating that gas for compression,
dehydration and processing through centralized
facilities. American Central then delivers
the gas to various inter- and intrastate
long-haul transmission pipelines where it
is then transported for sale. |
Western Oklahoma Gas Gathering and Processing
Assets acquired by MarkWest Energy Partners,
L.P. |
| East Texas Gas Gathering
and Processing Assets of Panola County acquired
by MarkWest Energy Partners, L.P. |
| Atlantia
Offshore Limited |
Atlantia Offshore Limited is a leading
full service provider of offshore production
platforms for the oil and gas industry. Atlantia
also has a strong position in the deepwater
market with its proprietary SeaStar® Deepwater
Tension Leg Platform. |
Acquired by IHC/Caland |
| The
Baxter Group |
John L. Cox, Wing Corporation, Murphy H.
Baxter, Inc. and BJGB Holdings, Inc., collectively
are known as The Baxter Group |
Sold oil & gas properties and related
corporate interest to Empire Energy III,
Ltd. d/b/a Alpine Resources |
| Boots & Coots International Well Control, Inc. |
Boots & Coots International Well Control,
Inc. is an American Stock Exchange-listed
company (AMEX: WEL) that provides a suite
of integrated oilfield services for the prevention,
emergency response, and restoration of blow
outs and well fires worldwide. |
Acquired HWC, the hydraulic well control
business of Oil States International, Inc. |
| Boring Specialties, Inc. |
BSI is the leading provider of steel bar
precision deep hole boring and finishing
services to the domestic and international
oil and gas industry. |
Has been acquired by The Timken Company |
| C&J
Specialty Rental Tools, L.P. |
C&J Specialty Rental Tools, L.P. based
in Robstown, Texas, is a provider of coiled
tubing and pressure pumping services to the
oil & gas industry in South Texas. |
Sold an interest in its equity to Hammond,
Kennedy, Whitney & Company |
| Has executed a majority recapitalization
with a group led by Energy Spectrum Partners
IV LP, an affiliate of Energy Spectrum Capital |
| Compass
Bank |
Albrecht & Associates, Inc. provides
specialized divestment and advisory services
to the upstream oil and gas industry, operating
from the Company’s headquarters in
Houston and a satellite office in Denver.
The Company was founded in 1987 and has represented
sellers in asset sale transactions ranging
from $2 million to over $500 million in size.
Albrecht was a wholly-owned subsidiary of
Compass Bancshares, Inc. since late 1998. |
Sold Albrecht & Associates, Inc. to
Morgan Keegan, Inc., a division of Regions
Financial Corporation |
| Contract
Land Staff, LP |
Contract Land Staff,
LP (“CLS”), based in Stafford,
Texas is a leading provider of land and right
of way (“ROW”) services and land
records management in the U.S. CLS offers
ROW services, consulting, proprietary technology
solutions, and other services to clients
in the pipeline, electric transmission, wind
power, telecommunications, railroad and highway
transportation industries. |
Executed a Majority Recapitalization
with Hammond Kennedy Whitney. |
| Corlac,
Inc. |
Corlac Equipment Ltd., Alberta, Canada,
manufactures and services a broad line of
field production equipment. |
Acquired by National Oilwell |
| Crimson
Energy, L.P. |
Crimson Energy, L.P. is engaged in the
production of oil and natural gas reserves
from its properties located in the Gold River,
Austin Chalk and X-Ray/Sipe Springs fields. |
Sold its Texas oil and gas properties to
Huber Energy |
| Cuming Corporation |
Cuming Corporation is a manufacturer of buoyancy and insulation products with a range of deep-water oil & gas industry applications. Cuming provides high performance, technologically advanced syntactic foam flotation and thermal insulation materials to major blue-chip oil & gas drilling companies, subsea equipment manufacturers and contractors, integrated oil & gas companies, and E&P companies. The company is headquartered in Avon, Massachusetts and operates from its facilities in Avon and New Iberia, Louisiana. |
Has been acquired by a joint venture formed between Deep Down, Inc. and an affiliate of York Capital Management |
| eCORP |
eCORP is engaged in the development and
operation of high deliverability natural
gas storage projects and gas-fired power
generation projects in strategic locations
throughout the United States. |
Privately issued Preferred Equity |
| ECP
Tech Services, Inc. |
ECP Tech Services, Inc. is a leading provider
of specialty testing, maintenance, repair,
commissioning, engineering, and construction
services for electrical power systems. Headquartered
in Houston, ECP serves customers throughout
the Gulf Coast, other regions of the U.S.,
and around the world in the refining, petrochemical,
pipeline, power generation, medical, and
building management industries. |
Acquired by Schneider Electric, SA |
| Energy
Alloys |
Value-added distributor and processor of specialty steel tubes and bars used in the manufacture of oilfield production equipment. |
Priority Term Loan |
| Enerpro
International, Inc. |
|
Privately placed $4,000,000 of Preferred
Stock and arranged Senior Debt Financing
issued to First Interstate Bank of Texas,
N.A. |
| Acquired the threading and cementing products
businesses of Baker Hughes, Inc. |
| Sold its Cementing Products Division to
Weatherford Enterra |
| Acquired by Energy Ventures, Inc. |
| Entessa,
Inc. |
Provides Enterprise Software solutions
to energy logistics companies. |
Fair Market Valuation |
| FundCorp,
Inc. |
FundCorp, Inc. is a Fort Worth-based private
investment firm that provides capital and
advisory services to small and mid-cap companies.
Allied represents FundCorp’s seventh
portfolio company investment since its founding
in 2004. |
Has obtained a Senior Secured Credit Facility
from Merrill Lynch to support the acquisition
of Allied Cementing Company, Inc. |
| Gateway
Energy Corporation |
Gateway Energy Corporation owns and operates
natural gas gathering systems, processing
plants and producing wells. |
Completed a recapitalization plan involving
the exchange of $19,508,000 of Preferred
Stock for securities including Subordinated
Notes, Common Stock and Warrants. |
| GDS
Engineers, Inc. |
GDS Engineers, Inc. is a leading full-service
engineering firm serving the refining, chemical
and petrochemical industries. |
Acquired by SNC-Lavalin |
| Gravel
Pack Rental, Inc. |
Gravel Pack Rental, Inc., New Iberia, Louisiana,
is a leading supplier of completion and workover
rental equipment used to optimize oil and
gas well productivity. Gravel Pack specializes
in the supply of gravel pack equipment, handling
tools, blowout prevention and coiled tubing
rental equipment. |
Acquired by a subsidiary of Oil States
International, Inc. |
| GreyStar
Corporation |
GreyStar was established in 1995 and has
grown into one of the leading providers of
facilities management, operations, maintenance
and asset management services to the oil
and gas industry in the USA, Venezuela and
Mexico, including deepwater Gulf of Mexico.
GreyStar operates onshore oil and gas fields,
process plants and treating facilities as
well as deep and shallow water platforms
offshore. |
Sold a controlling interest to Penspen
Ltd. |
| HAL
Oilfield Equipment and Pump Company (“HALCO”) |
HAL Oilfield Equipment and Pump Company
(“HALCO”) is a leading designer,
manufacturer and distributor of centrifugal
mud slurry pumps and pump packages sold to
the drilling industry. |
Acquired by
National Oilwell |
| Hugoton
Energy Corporation |
|
Issued $20,000,000 in Common Stock to Odyssey
Partners, L.P. |
| Merged with Chesapeake
Energy Corporation |
| IPEC,
Ltd. |
IPEC Ltd., operates through two divisions;
pipeline & oilfield construction and
petroleum equipment & services. IPEC
is active principally in the Western Canadian
Sedimentary Basin and U.S. Rocky Mountain
region. |
Merged with Flint Energy Services, Ltd. |
| Integrated
Services Company LLC |
Based in Tulsa, Oklahoma, Integrated Service
Company LLC (“InServ”) is an
integrated, full-service specialty contractor
providing construction, turnaround, repair
and maintenance services to the downstream
energy infrastructure market, which consists
primarily of refineries and petrochemical
facilities. InServ’s core competencies
include turnkey project execution through
program management and engineering, procurement
and construction services. |
Acquired by Willbros Group, Inc. for $225,000,000 |
| JAG
flocomponents n.a. |
JAG flocomponents n.a. (JAG), based in
Edmonton, Alberta, is a leading manufacturer
of industrial valves used to service the
North American oil and gas markets. |
Executed a majority recapitalization with
HSBC Capital (Canada) Inc. and Bear Growth
Capital Partners, LP |
| KTM
Products, Inc. |
KTM Products, Inc. is the exclusive North
American distributor of ball valves manufactured
by Kitamura Valve Manufacturing Company,
Ltd., of Tokyo for servere-service applications
to the chemical and petroleum industry. |
Acquired by an affiliate of Tyco Flow Control |
| LaBarge
Pipe & Steel Company |
LaBarge Pipe & Steel Company, based
in St. Louis, Missouri, is engaged in the
sale and distribution of carbon steel pipe
(predominantly large diameter pipe) for use
primarily in the North American energy infrastructure
market, and serves companies in the oil & gas
transmission, petrochemical, utility, industrial
and construction markets. |
Acquired by McJunkin Red Man Corporation |
| LEDCO,
Inc. |
An affiliate of The Steinhardt Organization |
Acquired by an affiliate of Tejas Gas Corporation |
| Managed Pressure Operations International, Ltd. (MPO) |
Managed Pressure Operations International, Ltd. is an oilfield services company, with locations in Singapore, Indonesia, and Houston, that provides technologically advanced and cost-effective continuous circulation and managed pressure drilling (MPD) systems, including equipment and operational personnel to the upstream oil and gas markets. |
Received a growth capital investment from NGP Energy Technology Partners (NGP ETP) |
| MGM
Well Service, Inc. |
MGM Well Service, Inc., Corpus Christi,
Texas, is a provider of specialized oilfield
swabbing and plunger lift services. Additionally,
MGM manufactures and markets the Pacemaker
Plunger, a patented artificial lift system
which enhances well production. |
Acquired by Integrated Production Services, Inc. An SCF Partners Portfolio Company. |
| Newco
Valves, L.P. (dba Newmans) |
Newco Valves, L.P. (“Newmans”),
headquartered in Houston, Texas, is a leading
manufacturer of commodity and specialty valves
under its NEWCO®, OIC® and COOPER® brand
names. Newmans also serves as an integrator
of specialty valves for the OEM market under
its MAJOR® brand and provides valve actuation
and modification services through its Precision
Actuation Systems business unit. |
Completed a recapitalization led by Argonaut
Private Equity with a co-investment by BOKF
Capital Services Corp |
| NOVA
Technology Corporation |
NOVA Technology Corporation, based in Broussard,
LA., supplies permanent monitoring, chemical
injection systems and multiline services
for deepwater and subsea oil & gas well
applications. |
Acquired by Baker Hughes, Inc. |
| O-Tex Pumping, LLC |
O-Tex Pumping, LLC, provides downhole cementing services and pump down services to the oil and gas industry, primarily West Texas. The Company’s equipment fleet consists of over 25 cement pumping units and 4 pump down units. The Company is headquartered in Duncan, Oklahoma and has locations in the Permian Basin, the MidContinent region, the Haynesville Shale and the Fayetteville Shale. |
Received a $52 million investment from White Deer Energy L.P. |
| Oil & Gas
Asset Clearinghouse, L.P. |
The Oil & Gas Asset Clearinghouse markets
a comprehensive line of oil & gas property
acquisitions and divestiture services enabled
through Internet technology. |
Equity Investment in Company by Petroleum
Place |
| Paradigm
Valve Services, Inc. |
Paradigm Valve Services, Inc.
is a Houston-based valve remanufacturer serving
customers engaged in hydrocarbon refining
and petrochemical production. |
Acquired the assets of Precision Valve
and Trim, L.L.C. |
| Acquired by Paradigm Buyout
Corporation |
| Precision
Flamecutting and Steel, L.P. |
Precision Flamecutting and Steel, L.P.
is a premium provider of value-added services
in the processing of steel plate to customers
in the global oil and gas industry. |
Acquired by PNA Group, a portfolio company
of Platinum Equity |
| Red Fox Environmental Services, Inc. |
Red Fox Environmental Services, Inc. is
a manufacturer of marine sanitation devices
and modular land-based wastewater treatment
systems in the U.S. and overseas. |
Acquired by
Red Fox Management
Services, Inc. |
| Reef Chemical |
Reef Chemical is an oilfield service company
providing production and stimulation chemicals
and services |
Obtained a
$4,000,000
Senior Term Loan and a
$5,000,000
Revolving Credit Facility
with Texas Commerce Bank |
| Privately issued
$3,000,000
of Subordinated Debt
with Warrants
to Sirrom Capital Corporation |
| Acquired
the Oilfield Downhole Acidizing
division of
Freemyer Company, Inc. |
| RockBit International, L.P. |
RockBit International, L.P., based in
Forth Worth, Texas, is a leading designer
and manufacturer of a wide range of drill
bits and measurement-while-drilling tools
and systems primarily used in the oil and
gas industry. |
Has executed a majority recapitalization
with Cherington Capital |
| Ryan
Energy Technologies |
Ryan Energy Technologies, Inc. is a leader
in the development and provision of horizontal
and directional drilling technology and services
including Measurement While Drilling, Logging
While Drilling, Downhole Drilling Motors
and Well Site Data Management services. |
Acquired by Nabors Industries Ltd. |
| SeaCAT
Corporation |
SeaCAT Corporation, Houston, Texas, produces
and sells specialized coiled tubing products
that are a key component of umbilicals used
to control and service subsea oil and gas
production facilities. |
Acquired by Maverick Tube Corporation |
| Southwestern
Wire Cloth, Inc. |
Southwestern Wire Cloth, Inc. is the second
largest distributor and manufacturer of industrial
wire cloth in North America with a strong
position in the markets for oilfield drilling
screens, filter packs for fibers and polymer
extrusions, and industrial separators and
screens. |
Acquired by Madison Filter |
| Spitzer
Industries, Inc. |
Spitzer Industries, Inc. (“SII”),
headquartered in Houston, Texas, is a leading
custom fabricator of specialized equipment
and systems, pressure vessels and other custom
weldments. SII fabricates products for the
gas transmission and processing, onshore/offshore
oil and gas production, subsea oil and gas
tie-back, ASME Code pressure vessel and other
segments of the energy services industry |
Has executed a recapitalization with The
Stephens Group, LLC |
| Sunrise
Oilfield Supply, Inc. |
Sunrise Oilfield Supply, Inc. headquartered
in Wichita, Kansas, is a full service oilfield
supply company servicing the oil and gas
industries in Kansas, southern Nebraska and
other areas in the Mid-Continent region.
Sunrise distributes more than 10,000 items
from more than 50 manufacturers through six
strategically located supply centers. |
Executed a Majority Recapitalization with
Wingate Partners |
| Synergy
Oil & Gas, Inc. |
Synergy Oil & Gas, Inc.
is a Houston-based independent energy company
engaged in exploration, development, acquisition,
exploitation and production of natural gas
and crude oil reserves. |
Issued $20,000,000 of common stock to Natural
Gas Partners V, L.P. |
| Acquired by Penn Virginia Corporation |
| Tesco
Corporation |
Tesco Corporation is a global leader in
the design, manufacture and service of technology-based
solutions for the upstream energy industry.
Tesco is a major supplier of Top Drive Drilling
Systems and is focused on the commercialization
of its patented Casing Drilling™ process. |
Acquired Bo Gray Casing and A&M Tubular
Maintenance |
| Tobin
International, Inc. |
Tobin International, Inc. is recognized
as the leading provider of geo-business information
systems technology to both the domestic and
international oil and gas industries. Tobin
offers a comprehensive array of land management
applications. |
Acquired by P2 Energy Solutions |
| Tulsa
Industries |
Tulsa Industries, through
its subsidiary, Mathey-Leland Manufacturing
Company, manufactures wireline units and
heavy duty oilfield truck bodies. |
Privately issued $6,000,000 of Subordinated
Debt with Warrants to Sirrom Capital Corporation |
| Acquired Quality Machine and Supply, Inc. |
| Privately issued Preferred
and Common Stock to a group of investors,
Equus II Incorporated |
| Obtained a Senior Term Loan and Revolving
Credit Facility from Fleet Capital |
| Acquired Cooper |
| Acquired Specialty Machine and Supply |
| United
Industrial Services, Inc. |
United Industrial Services is a leader
in field services, including bundle extraction
and heat exchanger repair for plants in the
refining, petrochemical and power generation
industries. |
Acquired by Ohmstede, Ltd. |
| Utex
Industries, Inc. |
Utex Industries, Inc., a privately owned
company based and founded in Houston, Texas
in 1940, is a total solution provider of
fluid sealing products. The Company designs,
manufactures and services molded packing
and seals for reciprocating pumps, hydraulics,
proprietary high-tech O-ring seals, custom
rubber molded products, mechanical seals,
compression packing, gaskets, sheet gasket
products, and maintenance products. |
Acquired by Grey Mountain Partners |
| W-H
Holdings, Inc. |
The senior debt financing will be used
to acquire Thomas Tools, Inc., refinance
existing indebtedness and fund working capital.
Thomas Tools is an oilfield equipment rental
company operating primarily in the Gulf Coast
region of the United States. |
Obtained a $6,500,000 Senior Loan Term
and a $3,500,000 Revolving Credit Facility
from First Interstate Bank of Texas, N.A. |
| Executed a recapitalization with The Jordan
Company, LP - $75,000,000 |
| XServ,
Inc. |
XServ, Inc. is the second largest U.S.
provider of industrial scaffolding rentals
and labor services to the petrochemical,
power and pulp and paper industries. The
private placement enabled XServ to complete
the acquisition of Anco Industries and retire
some existing subordinate debt. |
Privately issued $5,000,000 in Preferred
Stock and $20,000,000 of Subordinated Debt
with Warrants |
Back
to Top
| Manufacturing & Distribution |
| Company |
Description |
Transaction |
| Airdrome
Holdings, LLC |
Airdrome Holdings, LLC
(“Airdrome”), comprised of Airdrome
Precision Components and AF Aerospace, Ltd.,
based in Long Beach, California and Rugby,
Warwickshire, England, respectively, is a
leading manufacturer of precision-machined
aerospace components including precision
pneumatic and hydraulic components for mission-critical
aerospace applications. Airdrome’s
advanced technology allows for the production
and distribution of a significant array of
complex parts and assemblies in aerospace
markets around the world. |
Acquired by Precision
Castparts Corp. |
| Austin
Innovations, Inc. |
Austin Innovations, Inc. is an Austin,
Texas, based company that designs, manufactures
and markets innovative nightlights and other
consumer lighting products based on electroluminescent
materials, a highly energy-efficient and
safe lighting technology. |
Privately issued Common Stock to General
Electric |
| Boring
Specialties, Inc. |
BSI is the leading provider of steel bar
precision deep hole boring and finishing
services to the domestic and international
oil and gas industry. |
Has been acquired by The Timken Company |
| BridgePoint
Technical Manufacturing |
BridgePoint provides a variety
of outsourced services to the semiconductor
industry, including semiconductor testing,
hi-end failure analysis, quick-turn packaging
and board assembly. |
Acquired the manufacturing assets and legacy
products business of Ross Technologies, Inc. |
| Privately issued Preferred
Stock to a group of private investors |
| Privately issued Subordinated
Debt with Warrants to and obtained a Revolving
Credit Facility and Senior Term Loan from
Silicon Valley Bank. |
| Privately issued $9,000,000
in Preferred Stock to EOS Partners, L.P. |
| Champion
Elevators, Inc. |
Champion Elevators, Inc. is a leading international
manufacturer of rack-and-pinion industrial
elevators headquartered in Houston, Texas. |
Acquired by McDonough Corporation |
| ECP
Tech Services, Inc. |
ECP Tech Services, Inc. is a leading provider
of specialty testing, maintenance, repair,
commissioning, engineering, and construction
services for electrical power systems. Headquartered
in Houston, ECP serves customers throughout
the Gulf Coast, other regions of the U.S.,
and around the world in the refining, petrochemical,
pipeline, power generation, medical, and
building management industries. |
Acquired by Schneider Electric, SA |
| Flow
Design, Inc. |
Flow Design, Inc. is an industry leader
in the design and manufacture of flow control
devices for hydronic systems in the heating,
ventilating and air conditioning (“HVAC”)
industry. |
Acquired by IMI |
| Foodsource, Inc. |
The FoodSource entities based in Monterry,
California, provide a variety of produce
sourcing and distribution services including
produce procurement, contract management,
private label brand management, new item
development, merchandising, packaging and
transportation of produce. |
Operations and certain assets have been
acquired by C.H. Robinson Worldwide, Inc. |
| Imperial
Sugar Company, Diamond Crystal Brands
and King Packaging |
King is a leading manufacturer and marketer
of a variety of custom-assembled and packaged
disposable meal kits to the food service
industry. |
Tyco International (US), Inc. purchased
King Packaging |
| Independent
Packaging, L.P. |
Independent Packaging, L.P. is a leading
designer and manufacturer of plastic packaging
for the wholesale bread bag market. |
Acquired by Printpack, Inc. |
| Integrated
Services Company LLC |
Based in Tulsa, Oklahoma, Integrated Service
Company LLC (“InServ”) is an
integrated, full-service specialty contractor
providing construction, turnaround, repair
and maintenance services to the downstream
energy infrastructure market, which consists
primarily of refineries and petrochemical
facilities. InServ’s core competencies
include turnkey project execution through
program management and engineering, procurement
and construction services. |
Acquired by Willbros Group, Inc. for $225,000,000 |
| JAG
flocomponents n.a. |
JAG flocomponents n.a. (JAG), based in
Edmonton, Alberta, is a leading manufacturer
of industrial valves used to service the
North American oil and gas markets. |
Executed a majority recapitalization with
HSBC Capital (Canada) Inc. and Bear Growth
Capital Partners, LP |
| KTM
Products, Inc. |
KTM Products, Inc. is the exclusive North
American distributor of ball valves manufactured
by Kitamura Valve Manufacturing Company,
Ltd., of Tokyo for servere-service applications
to the chemical and petroleum industry. |
Acquired by an affiliate of Tyco Flow Control |
| LaBarge
Pipe & Steel Company |
LaBarge Pipe & Steel Company, based
in St. Louis, Missouri, is engaged in the
sale and distribution of carbon steel pipe
(predominantly large diameter pipe) for use
primarily in the North American energy infrastructure
market, and serves companies in the oil & gas
transmission, petrochemical, utility, industrial
and construction markets. |
Acquired by McJunkin Red Man Corporation |
| Merkel
McDonald, Inc. dba Chippery |
Chippery manufactures frozen cookie dough
and thaw-n-serve cookies in a single 97,000
square foot facility in Austin, Texas. Chippery
serves national and regional restaurant and
hotel chains, stadium and sports arenas,
and is one of the largest suppliers of frozen
cookie dough to schools and fundraising organizations. |
Acquired by Otis Spunkmeyer, Inc. |
| MYTECH
Corporation |
MyTech Corporation designs,
manufactures and markets microprocessor-based,
digital, self-adjusting occupancy sensors,
HID dimming controls, photocells and other
lighting related electronic control products. |
Acquired by Hubbell Incorporated. |
| Privately issued Preferred Stock to The
Austin High-Tech Trust. |
| Privately issued Preferred Stock to The
LBJ Holding Company. |
| Privately issued Preferred Stock to MagneTek. |
| Newco
Valves, L.P. (dba Newmans) |
Newco Valves, L.P. (“Newmans”),
headquartered in Houston, Texas, is a leading
manufacturer of commodity and specialty valves
under its NEWCO®, OIC® and COOPER® brand
names. Newmans also serves as an integrator
of specialty valves for the OEM market under
its MAJOR® brand and provides valve actuation
and modification services through its Precision
Actuation Systems business unit. |
Completed a recapitalization led by Argonaut
Private Equity with a co-investment by BOKF
Capital Services Corp |
| Precision
Flamecutting and Steel, L.P. |
Precision Flamecutting and Steel, L.P.
is a premium provider of value-added services
in the processing of steel plate to ustomers
in the global oil and gas industry. |
Acquired by PNA Group, a portfolio company
of Platinum Equity |
| Progressive
System Technologies, Inc. |
Progressive System Technologies, Inc. manufactures
minienvironments, isolation technology and
automated material handling equipment for
the semiconductor and flat panel display
industries. |
Privately issued Preferred Stock to Advent
International Corporation |
| Red Fox Environmental Services, Inc. |
Red Fox Environmental Services, Inc. is
a manufacturer of marine sanitation devices
and modular land-based wastewater treatment
systems in the U.S. and overseas. |
Acquired by
Red Fox Management
Services, Inc. |
| RockBit
International, L.P. |
RockBit International, L.P., based in
Forth Worth, Texas, is a leading designer
and manufacturer of a wide range of drill
bits and measurement-while-drilling tools
and systems primarily used in the oil and
gas industry. |
Acquired by Cherington Capital |
| Roofing
Supply Group, Inc. |
Roofing Supply Group, Inc. is one of the
largest wholesale distributors of roofing
supplies and related materials in the United
States, providing one-step distribution services
from the manufacturer to the contractor or
end purchaser. Founded in 1981, Roofing Supply
Group, Inc. operates 55 branches in 21 states. |
Has completed a majority recapitalization
with The Sterling Group |
| RTRON,
Ltd. |
RTRON, Ltd is a Contract Manufacturer (“CM”)
that specializes in cable / harness assemblies,
electro-mechanical sub-assemblies and systems
integration. RTRON was established in 1998
and is headquartered in Stafford, Texas. |
Acquired by Flextronics |
| SeaCAT
Corporation |
SeaCAT Corporation, Houston, Texas, produces
and sells specialized coiled tubing products
that are a key component of umbilicals used
to control and service subsea oil and gas
production facilities. |
Acquired by Maverick Tube Corporation |
| Shower
Solutions, Inc. |
Shower Solutions, Inc., based in Houston,
Texas, manufactures and markets a patented,
curved shower curtain rod that is sold through
the retail channel, the catalog channel,
and to the hospitality market. |
Acquired by Focus Products Group, LLC a
portfolio company of Waveland Investments
LLC and Sterling Capital Partners |
| Silver
Eagle Distributors, L.P. |
Silver Eagle, based
in Houston, Texas,
is one of the nation’s largest distributors
of Anheuser-Busch products. |
Refinanced its Senior Notes
with Teachers Insurrance and Annuity Association |
| Refinanced
its Senior Credit Facility and Outstanding
Notes |
| Completed
an acquisition of incremental territory
representing an approximate annual volume
of 2,090,000 case equivalents |
| Acquired
all of the assets of BudCo Limited |
| Fair Market Valuation |
| Spax
Incorporated |
Southwestern Pipe, Inc. and P&H Tube
Corporation (affiliates of Spax, Inc.) are
manufacturers and marketers of Mechanical
and Structural Steel Tubing, Galvanized and
Powder Coated Structural Tubing and Sign
Posts Systems, respectively. |
Acquired by Northwest Pipe Company |
| Standard
Fruit and Vegetable Co., Inc. |
Standard Fruit and Vegetable
is a Dallas-based provider of procurement,
repacking, warehousing and distribution services
of fresh produce and other refrigerated products
for customers in the retail and food service
business. |
Acquired by Del Monte Fresh Produce Co. |
| Acquired a controlling interest in Arizona
Tomato Company, L.L.C. |
| Acquired a potato packing and distribution
facility from Chiquita Brands International |
| Southwestern
Wire Cloth, Inc. |
Southwestern Wire Cloth, Inc. is the second
largest distributor and manufacturer of industrial
wire cloth in North America with a strong
position in the markets for oilfield drilling
screens, filter packs for fibers and polymer
extrusions, and industrial separators and
screens. |
Acquired by Madison Filter |
| Tech
Spray, L.P. |
Tech Spray, L.P. is a world-class marketer
and manufacturer of specialty repair, maintenance,
and production support products for industrial,
electronic and consumer markets worldwide. |
Acquired by Illinois Tool Works, Inc. |
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| Business
Services / Staffing |
| Company |
Description |
Transaction |
| AdPlex |
AdPlex serves consumer-related companies
that represent everything from high-end fashion
to grocery. AdPlex offers an array of services
including enterprise-wide retail application
software, rich media asset management, automatic
online ad production utilities as well as
database driven technologies that allow advertisers
to apply a more effective methodology to
versioning promotional material. |
Executed a majority recapitalization transaction
with Windward Capital |
| BG Staffing |
BG Staffing, headquartered in Dallas, Texas and with offices throughout Texas and the Midwest, provides commercial temporary staffing, temp-to-perm, and permanent placement services to a variety of industries. BG Staffing was created through combining the operations of LTN Staffing, Milwaukee Temps and JNA Staffing under one umbrella in the Wisconsin marketplace. |
Acquired JNA Staffing. |
| Compass
Bancshares, Inc. |
Albrecht & Associates, Inc. provides
specialized divestment and advisory services
to the upstream oil and gas industry, operating
from the Company’s headquarters in
Houston and a satellite office in Denver.
The Company was founded in 1987 and has represented
sellers in asset sale transactions ranging
from $2 million to over $500 million in size.
Albrecht was a wholly-owned subsidiary of
Compass Bancshares, Inc. since late 1998. |
Sold Albrecht & Associates, Inc. to
Morgan Keegan, Inc., a division of Regions
Financial Corporation |
| FSV Payment Systems, Ltd. |
FSV Payment Systems, Ltd. (“FSV” or
the “Company”) is a leading provider
of stored-value solutions, including payroll
cards, healthcare cards, gift cards, incentive
cards and check cashing cards. The Company
is headquartered in Houston, Texas. |
Privately issued
$10,000,000
of Series A
Convertible Preferred Stock
to
Berkley Capital Investors, L.P. |
| GDS
Engineers, Inc. |
GDS Engineers, Inc. is a leading full-service
engineering firm serving the refining, chemical
and petrochemical industries. |
Acquired by
SNC-Lavalin |
| LTN Staffing, LLC |
LTN Staffing, LLC, based in Dallas, TX and with offices in Texas and the Midwest, provides light-industrial staffing for low-risk job classifications. LTN’s temporary employees work in a variety of manual and unskilled jobs including light assembly, wrapping, picking, packaging and inventory control as well as medium and high skilled labor including fork lift operators, quality control supervisors and clerical technicians. |
Acquired BG Personnel Services. |
| National
Technical Systems, Inc. |
National Technical Systems, Inc. (NASDAQ:NTSC),
headquartered in Calabasas, California, is
a leading provider of engineering and evaluation
services to the defense, aerospace, telecommunications,
automotive and high technology markets. NTS
provides full product life-cycle support
by offering design engineering, compliance,
testing, certification, quality registration
and program management. |
Sold its IT staffing business to Strategic
Staffing Solutions, L.C. |
| Noble Logistics, Inc. |
Noble Logistics, Inc., based in Houston,
Texas, is a leading provider of niche local
and regional logistic/delivery services from
large wholesale
automotive dealerships and parts distributors
to other wholesalers, smaller dealerships
and repair shops. Similarly, the Company
also applies its niche model to the pharmaceutical
industry, delivering products to end users
from regional distribution facilities. |
Completed a management buy-out led by Pine
Creek Partners |
| Oil & Gas
Asset Clearinghouse, Inc. |
The Oil & Gas Asset Clearinghouse markets
a comprehensive line of oil & gas property
acquisitions and divestiture services enabled
through Internet technology. |
Equity Investment in Company by Petroleum
Place |
| Prescott
Legal Search, Inc. and Prescott Legal
Professionals, L.P. |
Prescott Legal Search and Prescott Legal
Professionals are Texas’ premier providers
of permanent and contract legal staffing
services. Based in Houston and with branch
offices in Dallas and Austin, Prescott provides
full-time and contract attorneys to law firms
and corporate legal departments throughout
Texas. |
Acquired by Special Counsel a division
of MPS Group, Inc. |
| Rennhack
Marketing Services, Inc. |
RMS is a leading business services
company focused on providing national premium
and incentive marketing services to the domestic
financial institution industry. |
Completed a majority recapitalization with
Brazos Partners |
| Acquired by HIG Capital |
| Staffing
Now, Inc. |
Staffing Now, Inc., based in Des Moines,
Iowa, is one of the fastest growing staffing
companies in the United States, with offices
throughout the Midwest, Northeast, Mid-Atlantic,
Southeast and Texas. Staffing Now specializes
in temporary and permanent high-end office
clerical and finance and accounting staffing,
primarily to small and mid-sized companies. |
Acquired Q&A Recruiting, L.L.P. |
| Symtx, Inc. |
Symtx is a leading provider
of custom test equipment for the telecommunications,
wireless, RF/microwave and fiber optic industries.
Symtx specializes in the design and development
of turnkey test systems and software in the
final-test of leading-edge electronic devices
following production. |
Privately issued $8,000,000 in Preferred
Stock to EOS Partners, L.P. |
| Obtained a $5,000,000
Revolving Credit Facility from Comerica Bank |
| TSG IT Resources |
TSG IT Resources (“TSG”) is
a leading independent provider of information
technology (“IT”) staffing services.
Based in Stoneham,
Massachusetts, and with offices in Chicago,
Illinois and Charlotte, North Carolina, TSG
offers a full range of IT consulting services
to its customers, with a particular focus
on clients in the healthcare, financial services,
government, and retail industries. Among
the specialized skill sets provided by TSG
are project managers, business systems analysts,
and quality assurance engineers. |
Acquired by TEKsystems |
| U.S.
Legal Support, Inc. |
U.S. Legal Support, Inc., of Houston, Texas,
is one of the largest providers of litigation
support services in the United States. The
company offers court reporting, certified
record retrieval, temporary attorney staffing,
permanent attorney placement and related
services to law firms and corporations. |
Obtained a $9,000,000 Revolving Credit
Facility from Comerica Bank and $6,000,000
of Subordinated Debt with Warrants from Hubert
Management Corporation and Morgan Keegan |
| VLS Recovery Services |
Headquartered in Hockley, Texas, operates two industrial service divisions comprised of interior railcar cleaning and non-hazardous waste treatment & recycling services. The company operates from its facilities in Hockley, Texas, Fitzgerald, Georgia and Mauldin, South Carolina. Its customer base includes many Fortune 500 chemical and product manufacturers along with logistic and fleet management companies located throughout North America. |
Management of VLS Recovery Services, LLC. has successfully executed a management buyout from its equity sponsor, HSBC Capital (USA) Inc. |
| Wicresoft Co., Ltd. |
Wicresoft Co., Ltd. is one of China’s leading IT and Business Process Outsourcing service providers. Based in Shanghai and with a global delivery network, Wicresoft has strong technical expertise across a wide range of industries including high-tech, telecommunications, manufacturing and retail & distribution. |
Acquired TSRI, Inc. |
| Wyndham Jade, L.P. |
Founded in 1983, Wyndham Jade is recognized
as a premier provider of travel and event
services to associations, trade groups, Fortune
1000 corporations and middle market companies.
Wyndham Jade’s services include incentives,
meetings, business travel fulfillment, and
convention housing and registration services. |
Acquired by An Investor Group led by the
Executive Management of the Company |
| XServ,
Inc. |
XServ, Inc. is the second largest U.S.
provider of industrial scaffolding rentals
and labor services to the petrochemical,
power and pulp and paper industries. The
private placement enabled XServ to complete
the acquisition of Anco Industries and retire
some existing subordinate debt. |
Privately issued $5,000,000 in Preferred
Stock and $20,000,000 of Subordinated Debt
with Warrants |
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| Consumer & Retail |
| Company |
Description |
Transaction |
| Canyon Cafe |
|
Acquired by Apple South, Inc. |
| Privately issued Preferred Stock to Phillip-Smith
Specialty Retail Group III, L.P. |
| Golfsmith
International, Inc. |
Golfsmith International, Inc.
is a leading catalog and specialty retailer
of golf clubs, golf club components and golf
apparel. |
Acquired the assets of Lynx Golf, Inc. |
| Raised $30,000,000 in a Private Placement
from DLJ Investment Partners, L.P. |
| FEC
Holdings L.P. / Incredible Pizza Company |
The Incredible Pizza Company (“IPC”)
is a new family entertainment concept that merges
family values with excellent food, fun, games,
and rides for all ages. IPC centers are the
only family entertainment concept that combines
an “all-you-can-eat” buffet with
video games, miniature golf, go karts, bumper
cars,
bowling alley and roller skating rink. |
Issued
$11,800,000
of Limited Partnership Units to
Rosewood Pizza, L.L.C. |
| Foodsource,
Inc. |
The FoodSource entities based in Monterry,
California, provide a variety of produce
sourcing and distribution services including
produce procurement, contract management,
private label brand management, new item
development, merchandising, packaging and
transportation of produce. |
Operations and certain assets have been
acquired by C.H. Robinson Worldwide, Inc. |
| Malachi
Mattress America, Inc. |
Malachi Mattress America, Inc. is one of
the largest and fastest growing franchises
of specialty sleep shops in the nation,
with 147 franchise stores in the United States. |
Obtained $10,000,000 of Subordinated Debt
with Warrants from Finova Financial Innovations |
| Promo
Works, L.L.C. |
A leading provider of in-store promotional
and sampling services. |
Follow-on Financing and Debt Reststructuring |
| Supercircuits,
Inc. |
Supercircuits, Inc., based in Austin, Texas,
is the largest direct distributor of video
surveillance components and systems. Supercircuits
generates product sales through its website
and through hundreds of thousands of catalogs
that are periodically distributed to corporations,
government organizations, law enforcement
agencies, retailers, schools, homeowners
and other end-users with security needs. |
Completed a majority recapitalization
with The Carlyle Group |
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to Top
| Technology/Software |
| Company |
Description |
Transaction |
| American
Auto Exchange, Inc. |
American Auto Exchange, Inc. (“AAX”)
is a leading software provider to the automotive
dealer marketplace. Founded in 2001 in Dallas,
TX, AAX’s systems provide automotive
dealers with decision support, analytical
tools and online trade functionality to optimize
management of pre-owned vehicle inventory. |
Sold a controlling interest in its equity
to JM Dealer Services, Inc., a subsidiary
of JM Family Enterprises, Inc. |
| Consumer
Credit Associates, Inc. |
Consumer Credit Associates is a repository
of consumer credit information. |
Acquired by First Data Corporation |
| FSV Payment Systems, Ltd. |
FSV Payment Systems, Ltd. is a leading
provider of stored-value solutions, including
payroll cards, healthcare cards, gift cards,
incentive cards and check cashing cards.
The Company is headquartered in Houston,
Texas. |
Privately issued $10,000,000 of Series A Convertible Preferred Stock to Berkley Capital Investors, L.P. |
| INTEREX,
Inc. |
INTEREX, Inc. is an international developer
and marketer of accessories, peripherals,
connectivity, surge suppression, power purification
and performance enhancement devices for PC
and MAC computers. |
Privately issued $2,500,000 Subordinated
Debt with Warrants to Stratford Capital |
| Acquired 100% of the assets and business
of XLR8, Inc. and has established an Austin,
Texas office |
| Netier
Technologies, Inc. |
Netier Technologies develops and delivers
customer-driven solutions focused on networked
devices and centralized management software. |
Privately issued $4,500,000 in Preferred
and Common Stock to a group of investors
led by Goff Moore Strategic Partners, L.P. |
| Nichols
Advanced Technologies, Inc. |
Nichols Advanced Technologies, Inc. develops
and markets PC-based library automation systems
to school, public, academic, business and
special libraries. |
Acquired by Sagebrush Technology, Inc. |
| ObjectSpace,
Inc. |
ObjectSpace provides technical
consulting, educational services and software
for designing distributed, object-oriented
computing systems. ObjectSpace Fab Solutions
provides factory level Advanced Process Control
software for yield enhancement to the global
semiconductor manufacturing industry. |
Privately issued $10,000,000 in Preferred
Stock to Galileo International, Inc. |
| Acquired by KLA-Tencor |
| Recompute Corporation |
Recompute™ Corporation remanufactures
and markets top-tier, commercial grade Intel® 486
and Pentium® class Microsoft® Windows-based
personal computer systems. The Company sells
these pre-owned, excess, and off-lease personal
computers from Dell®, Compaq®, IBM®,
AST®, etc., at prices from 20%-70%
below new systems, directly to schools, businesses,
and consumers. |
Privately issued
$3,100,000
of Subordinated Debt with Warrants
and
Common Stock
to Sirrom Capital Corporation |
| RenewData
Corporation |
RenewData Corporation is a leading provider
of electronic evidence, retention and data
recovery services for law firms and corporations
dealing with criminal, civil and regulatory
investigations. |
Privately issued $5,000,000 of Preferred
Stock to an undisclosed investor |
| SigmaTel,
Inc. |
SigmaTel, Inc. is a leading “fabless” semiconductor
company which designs and markets integrated
circuits for PC audio, infrared data transmission
and broadband modems for high-speed Internet
access. |
Privately issued $12,500,000 in Preferred
Stock to a group of investors led by Battery
Ventures |
| Tobin
International, Inc. |
Tobin International, Inc. is recognized
as the leading provider of geo-business information
systems technology to both the domestic and
international oil and gas industries. Tobin
offers a comprehensive array of land management
applications. |
Acquired by P2 Energy Solutions |
| U.S.
Creative |
U.S. Creative has become the largest and
most extensive on-line resource for the creative
services industry. Uscreative.com is a unique
portal and infomediary servicing multiple
creative industry verticals by connecting
marketing and communications professionals
with suppliers of creative services, and
serving as a comprehensive on-line tool for
community information, interaction and e-commerce. |
Privately issued $5,000,000 in Preferred
Stock to Convergence Partners |
| iDirect,
Inc. / dba World.Hire |
World.Hire, based in Austin, Texas, develops
and markets Internet and intranet recruiting
software and services. |
Privately issued $1,500,000 of Preferred
Stock to a group of private investors |
| Privately isuued $6,000,000 of Preferred
Stock to TL Ventures, Crosspoint Ventures
and Kleiner Perkins Canfield and Byers |
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to Top
| Healthcare |
| Company |
Description |
Transaction |
| Ambion, Inc. |
Ambion, Inc., “The RNA
Company,” is a market leader in the
development and supply of innovative RNA-based
life science research, diagnostic and therapeutic
products. |
Privately issued $10,000,000
of Preffered Stock to Telegraph Hill Partners |
| Privately issued Preffered
Stock to The Austin High-Tech Trust |
| R.P.
Kincheloe Co. |
Founded in 1919, Dallas, Texas based R.P.
Kincheloe Company is the largest and oldest
distributor of medical imaging equipment
in North America. |
Acquired by the Medical Systems Division
of Philips Electronics North America Corporation,
a member of the group of companies of Koninklijke
Philips Electronics NV |
| The
Meadows of Wickenburg |
The Meadows of Wickenburg specializes
in the treatment of affective disorders and
compulsive behaviors. |
Substantially all of the assets
of The Meadows of Wickenburg have been acquired
by American Capital Strategies, a NASDAQ
Stock Exchange listed company |
| The
SCOOTER Store |
The SCOOTER Store, Inc. (“TSS”)
is a sales, distribution and service business
whose primary focus is providing mobility
equipment primarily power wheelchairs and
scooters to Medicare dependent elderly and
disabled patients throughout the United States.
TSS was founded in 1991 and is headquartered
in New Braunfels, Texas. |
Obtained a $30,000,000 Revolving
Credit Facility from Healthcare Business
Credit Corporation |
| Surgimedics,
Inc. |
The proceeds raised were used to reduce
debt incurred by the acquisition of Denver
Biomaterials, Inc. |
Privately issued $2,000,000 Subordinated
Note with Warrants |
| Trinity Hospice, L.L.C. |
Trinity Hospice L.L.C. is one of the nation’s
largest independent providers of healthcare
services to the terminally ill. |
Completed a majority recapitalization with
KRG Capital Partners, L.L.C. |
| Obtained $6,000,000 Revolving Credit Facility
and a $3,000,000 Subordinated Debt with Warrants
from Finova Financial Innovations |
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