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CapStreet completes Eads Company majority recapitalisation

22 Jun 2012

Lower mid-market private equity firm CapStreet Group has completed a majority recapitalisation of Houston, Texas-based engineering firm The Eads Company.

The business, which was founded in 1953, provides engineered flow control, instrumentation and other products and services to process-type industries such as oil and gas production.

It currently has six branches and two sales offices throughout the state.

CapStreet Partner Mike Young said, “We are looking forward to partnering with Steve and his team to continue to expand their business.

“Eads is a very customer-driven sales organisation with excellent growth opportunities.”

Eads president Steve Albert said, “We have known members of their team for several years and were attracted by CapStreet’s experience in distribution, as well as in energy and its related industries.

“This new relationship will provide us with the financial resources and additional expertise to accelerate our growth, while continuing to provide outstanding service to our customers.”

Chamberlain, Hrdlicka, White, Williams & Aughtry represented Eads in the transaction while Willkie Farr & Gallagher represented CapStreet.

The private equity firm has raised about $700m in commitments, completed 33 portfolio investments and made more than 250 bolt-ons since it was founded in 1990.

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