The Eads Company, which is backed by CapStreet, has completed its buy of Jatasco Inc. Financial terms weren’t announced. Tulsa, Okla.-based Jatasco distributes engineered products, primarily serving the energy industry.
HOUSTON–(BUSINESS WIRE)–The Eads Company (eadslink.com), announced today it has completed the acquisition of Jatasco, Inc., a Tulsa, Oklahoma-based distributor of engineered products, primarily serving the energy industry.
Founded in 1953, Eads is a Houston-based provider of engineered flow control, instrumentation, filtration and related products and services to process-type industries, such as refining, petrochemical, oil and gas production and other industries utilizing highly specialized equipment.
Eads President Steve Albert said, “Jatasco is an ideal addition to the Eads portfolio and the first step in our company’s strategy of acquiring strong, well-positioned companies to better serve our customer base.”
“This acquisition allows us to expand into Oklahoma and to also cross-sell many of our respective product lines,” he added.
Jatasco specializes in customizable valving, dampers and indicating instrumentation, primarily serving the combustion industries and other energy markets.
“Jatasco, like Eads, has been in business over 50 years, and we have known and respected the owners, Steve Crahan and John Strauss, for many years. We are very excited to have them join our team,” said Albert.
CapStreet is a Houston-based private equity firm that invests in growing middle market companies in Texas and other Sunbelt states and partners with management to accelerate growth and improve profitability. CapStreet made its initial investment in The Eads Company in May 2012.