Turnbridge Capital Partners has recapitalized DeBusk Services Group LLC. Financial terms weren’t announced. DeBusk management founders and current investors also participated. Pasadena, Texas-based DeBusk is a mechanical and industrial cleaning services provider primarily serving domestic refining and petrochemical facilities. Brown Gibbons Lang & Company advised on the transaction.
CHICAGO and CLEVELAND, June 21, 2016 /PRNewswire/ — Brown Gibbons Lang & Company (BGL), a leading middle market investment bank, is pleased to announce the recapitalization of DeBusk Services Group, LLC (DeBusk) by Turnbridge Capital Partners along with management founders and current investors. BGL’s Environmental & Industrial Services team served as a financial advisor to DeBusk in the transaction. The specific terms of the transaction were not disclosed.
Headquartered in Pasadena, Texas and operating from 16 facilities across the country, DeBusk is a best-in-class mechanical and industrial cleaning services provider primarily serving domestic refining and petrochemical facilities. Specifically, DeBusk 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.
About Turnbridge Capital Partners
Turnbridge Capital (Turnbridge) 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 www.turnbridgecapital.com.
About Brown Gibbons Lang & Company
Brown Gibbons Lang & Company is a leading independent investment bank serving the middle market. BGL specializes in mergers and acquisitions advisory services, debt and equity placements, financial restructuring advice, and valuations and fairness opinions, with global industry teams in Business Services, Consumer, Environmental & Industrial Services, Healthcare & Life Sciences, Industrials, and Real Estate. BGL has offices in Chicago, Cleveland, andPhiladelphia and real estate offices in Chicago, Cleveland, Irvine, and San Antonio, in addition to Global M&A partner offices in more than 50 countries across 5 continents. BGL is able to deliver to our clients unparalleled access to strategic relationships, investors, and opportunities globally. For more information, please visit www.bglco.com.