M&A Deal Summary

KLH Capital Acquires Thorpe

On August 26, 2022, private equity firm KLH Capital acquired engineering company Thorpe from The CapStreet Group

Acquisition Highlights
  • This is KLH Capital’s 2nd transaction in the Engineering sector.
  • This is KLH Capital’s 63rd transaction in the United States.
  • This is KLH Capital’s 4th transaction in Texas.

M&A Deal Summary

Date 2022-08-26
Target Thorpe
Sector Engineering
Buyer(s) KLH Capital
Sellers(s) The CapStreet Group
Deal Type Recapitalization

Target

Thorpe

Houston, Texas, United States
website
Thorpe is a multi-craft industrial service provider and manufacturer, specializing in refractory, linings, insulation and non-metallic corrosion piping systems, flanges and vessels. Thorpe is based in Houston, Texas.

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Buyer(S) 1

Buyer

KLH Capital

Tampa, Florida, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2005
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

KLH Capital is a private investment firm focused on smaller company investments in a variety of growing industry sectors. KLH helps provide management teams with capital to facilitate recapitalizations, management buy-outs/buy-ins, family successions, and other ownership transitions. KLH generally pursues companies with $4 to $20 million in pre-tax earnings and will consider opportunities across the US. KLH will not invest in start-ups, high technology, software, biotech, restaurants, retail, real estate development, oil and gas operations, or new construction businesses. KLH Capital is based in Tampa, Florida.


DEAL STATS #
Overall 63 of 67
Sector (Engineering) 2 of 2
Type (Recapitalization) 37 of 38
State (Texas) 4 of 7
Country (United States) 63 of 67
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-12 Warehouse Rentals & Supplies

Greensburg, Pennsylvania, United States

Warehouse Rentals & Supplies is a surface preparation equipment rental and value-added distribution company, offering abrasive blasting, painting, and safety equipment, consumables, and supplies to blue-chip customers in the industrial, commercial, infrastructure, transportation, and energy industries. Warehouse Rentals & Supplies is based in Greensburg, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-22 D&H United Fueling Solutions

Humble, Texas, United States

D&H United Fueling Solutions is a provider of retail and commercial vehicle fueling facilities. D&H United Fueling Solutions provides service, equipment, installation, and environmental services. D&H United Fueling Solutions was founded in 2015 and is based in Humble, Texas.

Sell -

Seller(S) 1

SELLER

The CapStreet Group

Houston, Texas, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1990
PE ASSETS 650M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

The CapStreet Group is a private equity firm that primarily invests in businesses that were previously owned by entrepreneurs, families or other non-institutional investors. CapStreet typically looks for control investment situations, and has a preference for businesses located in the Southwest US. CapStreet typically invests between $10 million and $25 million of equity in companies valued less than $150 million. The CapStreet Group was formed in 1990 and is based in Houston, Texas.


DEAL STATS #
Overall 26 of 29
Sector (Engineering) 1 of 1
Type (Recapitalization) 2 of 2
State (Texas) 20 of 23
Country (United States) 26 of 29
Year (2022) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-01 HungerRush

Houston, Texas, United States

HungerRush is a provider of integrated point of sale (“POS”) software solutions for restaurants and other hospitality merchants. The all-in-one system integrates digital ordering, delivery, customer engagement, restaurant management, and payment processing features with flexible software designed to give operators of all sizes more insight into their customers, more control over their operations, and more power to profitably grow their business. HungerRush was founded in 2003 and is based in Houston, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-21 PCS Software

Shenandoah, Texas, United States

PCS Software develops and directly markets an integrated transportation management software solution for the inland trucking industry in the United States and Canada. PCS Software was established in 1997 and is based in Shenandoah, Texas.

Sell -