- Thorpe is headquartered in Houston
- Founded in 1990, Capstreet invests in lower middle market software, tech-enabled services, and industrial business services companies
- Based in Tampa, KLH targets lower middle-market companies
The Capstreet Group has sold Thorpe Specialty Services, a maintenance and engineering services and solutions provider in petrochemical and other industrial markets, to KLH Capital. No financial terms were disclosed.
Thorpe is headquartered in Houston with additional branch locations across Texas, Louisiana, Oklahoma, Alabama, and Western Canada, Thorpe serves customers including Fortune 500 companies and independent producers across petrochemical, power, pulp & paper, oil & gas, mining and other energy-intensive industries throughout the U.S. and internationally.
“Through our partnership with management, Capstreet helped Thorpe transform its business by strengthening its leadership team, improving operations, and expanding its service offerings, ultimately enabling the Company to better serve its customers,” said George Kelly, a managing partner at Capstreet, in a statement. “We’re pleased with this positive outcome and wish the Thorpe team the best of luck as they seek further growth.”
Willkie Farr & Gallagher LLP served as legal counsel and GulfStar Group was the financial advisor for Capstreet.
Founded in 1990, Capstreet invests in lower middle market software, tech-enabled services, and industrial business services companies.
Based in Tampa, KLH targets lower middle-market companies.