Turnbridge Capital has recapitalized Pasadena, Texas-based DeBusk Services Group, a mechanical and industrial cleaning services provider. No financial terms were disclosed for the transaction that was done in partnership with DSG management and current backers.
Turnbridge Capital, LLC (“Turnbridge”), together with the management founders and current investors of DeBusk Services Group, LLC (“DSG” or the “Company”) are pleased to announce the equity recapitalization of DSG and the expansion of its capital resources to facilitate future growth.
Headquartered in Pasadena, TX and operating from 16 facilities across the country, DSG is a best-in-class mechanical and industrial cleaning services provider primarily serving domestic refining and petrochemical facilities. Specifically, DSG provides a comprehensive suite of maintenance and turnaround services including hydroblasting, hydrocutting, specialty FCC catalyst handling, chemical cleaning, transportation, tank cleaning, and vacuum services. The business was founded and is led by Andrew DeBusk, who has spent the majority of his 24 year career leading successful businesses in the industrial cleaning and mechanical services market.
“Fundamentally, it comes down to partnering with quality people. With that top of mind, the DeBusk Services family is pleased to be joining forces with Turnbridge Capital,” said Andrew DeBusk, CEO and Founder of DSG. “Over the past nine months, we have had the opportunity to lay the foundation for a partnership that will allow the company to meet and exceed the growth targets we have set. It has been a pleasure developing this relationship and we look forward to benefiting from Turnbridge’s wealth of strategic knowledge.”
“Our investment in DeBusk Services Group places us in partnership with an exceptional management team with a proven track record of value creation through organic and strategic growth initiatives. DSG’s industry-leading reputation for being a reliable, skilled, and safe provider of both routine and mission critical industrial cleaning and mechanical services has allowed the Company to build a blue-chip customer base and experience significant growth that we expect to continue in the future,” said Mitch Cox, Partner at Turnbridge Capital.
About DeBusk Services Group, LLC
Founded in 2012, DSG is an industrial services company focused on delivering efficient, safe mechanical and industrial cleaning services primarily to the domestic downstream energy market. For more information, please visit the Company’s website at http://www.debusksg.com.
About Turnbridge Capital
Turnbridge Capital is an energy-focused private equity firm with offices in Dallas and Houston, Texas.
Turnbridge seeks to invest alongside experienced management teams in companies that provide products and services to the upstream, midstream and downstream energy market segments. For more information, please visit the firm’s website at http://www.turnbridgecapital.com.