Hastings Equity Partners Mergers and Acquisitions Summary

Private Equity Profile

In the last 3 years, Hastings Equity Partners has acquired 2 companies. It has also invested in 3 others.

Hastings Equity Partners’ most common sectors for investment are energy services and equipment (29%) and manufacturing (11%). The Firm’s most common investment types include buyout (lbo, mbo, mbi) (43%) and growth capital (36%). In total, Hastings Equity Partners has invested in 10 US states and 2 different countries. Its largest (disclosed) acquisition occurred in 2012 when it acquired Wright Trucking for $11M.

In the last 3 years, Hastings Equity Partners has exited 5 companies. The Firm’s most common exit type is trade sale (34%). Hastings Equity Partners’ largest (disclosed) exit occurred in 2013 when it sold CP Energy Services for $105M.

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M&A Summary

  • M&A Total Activity46
    • M&A Buy Activity28
    • M&A Sell Activity18
  • Total Sectors Invested 14
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 12
  • M&A Advisors 4

Hastings Equity Partners

1221 McKinney Street, Suite 3650,
Houston, Texas 77010
United States
(281) 407-4845
www.hastingsequity.com

Hastings Equity Partners is a private investment firm focused on small to mid-sized enterprises in the industrial and energy services sector. Hastings looks to invest in and acquire North American companies with trailing EBITDA of $4 to $20 million. Hastings looks for control situations only and will consider funding buyouts (LBOs, MBOs), recapitalizations, and growth capital financings. Hastings Equity Partners was formed in 2002 and is based in Houston, Texas.


Investment Criteria

Sectors of Interest: Chemicals, Energy Services and Equipment, Manufacturing

Target Transaction Types: Buyout (LBO, MBO, MBI), Growth Capital, Recapitalization, Stake Purchase

Geographic Preferences: East US, Midwest US, South US, West US, Canada

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA 4 20
Investment Size - -
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '16 '17 '18 '19 '20 '21 T
Buy (1.6/yr) # 20 3 2 1 - 2 28
vol $11M $11M
Sell (1.0/yr) # 13 - 2 1 2 - 18
vol $150M $150M
  46

Most Recent M&A

Company Date Value Type
Celerity Consulting Group LLC 2021-07-12 - Growth Capital
San Francisco, California · www.consultcelerity.com
MKD Electric 2021-02-03 - Recapitalization
Elgin, Illinois · www.mkdelectric.com
A&L Industrial Services, Inc. 2020-06-05 - Merger
La Porte, Texas · www.anlindustrial.com
Specialty Welding and Turnarounds LLC 2020-01-31 - Secondary Buyout
Gonzales, Louisiana · www.swatservice.com
COYOTE Industrial Holdings 2019-07-31 - Buyout (LBO, MBO, MBI)
Houston, Texas
Cactus Fuel LLC 2019-04-03 - Add-on Acquisition
Midland, Texas · www.cactusfuels.com
A&L Industrial Services, Inc. 2018-12-28 - Growth Capital
La Porte, Texas · www.anlindustrial.com
Refractory Construction Services, Co. 2018-11-13 - Stake Purchase
Deer Park, Texas · www.refconserv.com
IMPACT! Chemical Technologies, Inc. 2018-10-26 - Merger
Midland, Texas · www.impactchem.com
FloCap Injection Services LLC 2018-10-26 - Merger
Midland, Texas
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Energy Services and Equipment 2 (29%) - 8 (29%) -
Chemicals 1 (14%) - 3 (11%) -
Manufacturing - - 3 (11%) -
Transportation - - 2 (7%) 11M (100%)
Construction 1 (14%) - 2 (7%) -
Engineering 1 (14%) - 2 (7%) -
Aerospace - - 1 (4%) -
Business Services - - 1 (4%) -
Distribution - - 1 (4%) -
Electronics - - 1 (4%) -
Information Services 1 (14%) - 1 (4%) -
Machinery - - 1 (4%) -
Marine - - 1 (4%) -
Safety/Security 1 (14%) - 1 (4%) -
Total 7 - 28 $11M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 7 (100%) - 27 (96%) 11M (100%)
  Texas 4 (57%) - 11 (39%) 11M (100%)
  Oklahoma 1 (14%) - 4 (14%) -
  Massachusetts - - 4 (14%) -
  California 1 (14%) - 2 (7%) -
  Illinois 1 (14%) - 1 (4%) -
  West Virginia - - 1 (4%) -
  Rhode Island - - 1 (4%) -
  Ohio - - 1 (4%) -
  Louisiana - - 1 (4%) -
  Arkansas - - 1 (4%) -
Canada - - 1 (4%) -
  Newfoundland - - 1 (4%) -
Total 7 - 28 $11M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 2 (29%) - 12 (43%) 11M (100%)
Growth Capital 3 (43%) - 10 (36%) -
Recapitalization 1 (14%) - 4 (14%) -
Stake Purchase 1 (14%) - 2 (7%) -
Total 7 - 28 $11M

Exits by Deal Type

Type Total # Value
Secondary Sale 7 (39%) 105M (70%)
Trade Sale - Public Company 3 (17%) 45M (30%)
Merger 3 (17%) -
Trade Sale 3 (17%) -
Bankruptcy 1 (6%) -
Sold to Management 1 (6%) -
Total 18 $150M

Top M&A Advisors

Financial Deals
Riveron Consulting LLC
 2
Quarton Partners LLC
 1
Harris Williams & Co.
 1
Legal Deals
Locke Lord LLP
 10

Deal Values

buy # Total
< $100M 1 $11M
TOTAL $11M
Largest Wright Trucking, Inc.
$11M (2012-05-01)
sell # Total
$100M to $1B 1 $105M
< $100M 2 $45M
TOTAL $150M
Largest CP Energy Services, Inc.
$105M (2013-08-05)

M&A Connections

Deals
Exited to
Investor(s)
33%
6 (33%)
Strategic(s)
50%
9 (50%)

Investor Summary

Size

Middle-Market

Established

2002

Specialist/Generalist

Specialist

Leadership

Edward (Ted) Patton

Founder & Managing Director

Joe Conlon

Managing Director

Tanner Moran

Managing Director

Katrina Starr-Frederick

CFO & CCO

Marco Rodriguez

Director

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