T.F. Hudgins, a portfolio company of The CapStreet Group, has acquired Texas Rotating Equipment, which specializes in the maintenance and repair of industrial steam turbines and pumps. No financial terms were disclosed.
HOUSTON–(BUSINESS WIRE)–Texas-based T.F. Hudgins, Inc. announced today the acquisition of Texas Rotating Equipment, Inc. Founded in 1947, T.F. Hudgins is a reliability-centered manufacturer, distributor and service provider operating in a variety of industrial processing, oil & gas and petrochemical end-markets. After merging with Allied Reliability Group in 2016, T.F. Hudgins delivers best-in-industry operational reliability solutions that improve productivity and reduce operating costs.
Texas Rotating Equipment, headquartered in Dayton, Texas, specializes in the maintenance and repair of industrial steam turbines and pumps that are utilized in a wide array of industrial applications. As an integral part of the company’s service delivery, Texas Rotating Equipment provides upgraded components and ancillary systems that increase the operational reliability of equipment. The acquisition will add to the T.F. Hudgins and Allied Reliability portfolio of predictive and reliability-centered maintenance services.
Jay Burnette, CEO of T.F. Hudgins commented, “Texas Rotating Equipment has built a reputation for exceptional quality and service delivery in the repair and upgrade of critical rotating equipment. The TRE team brings industry-specific knowledge and experience that creates significant value for customers and aligns with our broader machinery reliability portfolio.”
T.F. Hudgins is a portfolio company of The CapStreet Group.
The CapStreet Group is a Houston, Texas based private equity firm that invests in entrepreneur, family or employee-owned, lower middle market companies. We take a partnership approach and target companies operating in the industrial and business services sectors. We provide expertise, resources and capital to accelerate growth, creating long term sustainable businesses. For more information, visit our website, www.capstreet.com.