M&A Deal Summary

Elm Creek Partners and CornerPost Capital Partners Acquire Fishbone Solutions

On January 24, 2014, private equity firm Elm Creek Partners and CornerPost Capital Partners acquired business services company Fishbone Solutions from Texas Gulf Energy

Acquisition Highlights
  • This is Elm Creek Partners’ 1st and CornerPost Capital Partners’ 1st transaction in the Business Services sector.
  • This is Elm Creek Partners’ 4th and CornerPost Capital Partners’ 2nd transaction in the United States.
  • This is Elm Creek Partners’ 3rd and CornerPost Capital Partners’ 2nd transaction in Texas.

M&A Deal Summary

Date 2014-01-24
Target Fishbone Solutions
Sector Business Services
Buyer(s) Elm Creek Partners
CornerPost Capital Partners
Sellers(s) Texas Gulf Energy
Deal Type Divestiture

Target

Fishbone Solutions

Deer Park, Texas, United States
Fishbone Solutions, Inc. is a provider of project management and planning services to the energy industry. Fishbone Solutions was founded in 1999 and is based in Deer Park, Texas.

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Buyer(S) 2

Buyer

Elm Creek Partners

Dallas, Texas, United States

Investor


Category Private Equity Firm
Founded 2007
Size Small
Type Sector Agnostic
DESCRIPTION

Elm Creek Partners is a private equity firm that looks to partner with entrepreneurs and management teams to pursue niche opportunities with large market potential. Areas of interest include niche manufacturing (aerospace, defense, packaging equipment), industrial services (waste, recycling, logistics, testing services), healthcare, and transaction processing. Elm Creek looks to invest $3 to $6 million of equity capital in companies with annual revenues up to $50 million. Prospective transaction types can include recapitalizations, acquisition financings, and growth capital investments. Elm Creek will consider investments across the US, but focuses on transactions in the Southwest US and Texas. Elm Creek Partners was established in 2007 and is headquartered in Dallas, Texas.


DEAL STATS #
Overall 4 of 7
Sector: Business Services M&A 1 of 1
Type: Divestiture M&A Deals 2 of 2
State: Texas M&A 3 of 4
Country: United States M&A 4 of 7
Year: 2014 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-22 TGEIS

Houston, Texas, United States

TGEIS specializes in pipe fabrication and installation, structural fabrication and installation, turnaround, and small capital projects, as well as, instrumentation, electrical and civil work. We provide planning, design, and ground-up construction work with an emphasis on being able to provide a turnkey project for our clients. TGEIS is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-02 Care Group

Houston, Texas, United States

Care Group is a provider of in-home, pediatric respiratory therapy and enteral feeding services. The Care Group was founded in 1987 and is based in Houston, Texas.

Buy -
DESCRIPTION


DEAL STATS #
Overall 2 of 2
Sector: Business Services M&A 1 of 1
Type: Divestiture M&A Deals 2 of 2
State: Texas M&A 2 of 2
Country: United States M&A 2 of 2
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-22 TGEIS

Houston, Texas, United States

TGEIS specializes in pipe fabrication and installation, structural fabrication and installation, turnaround, and small capital projects, as well as, instrumentation, electrical and civil work. We provide planning, design, and ground-up construction work with an emphasis on being able to provide a turnkey project for our clients. TGEIS is based in Houston, Texas.

Buy -

Seller(S) 1

SELLER

Texas Gulf Energy

La Porte, Texas, United States

Category Company
Sector Energy Services and Equipment
Employees32
Revenue 10M USD (2013)
DESCRIPTION

Texas Gulf Energy, Inc. is a provider of construction, maintenance, turnaround, professional services, project management services and fabrication and field services.


DEAL STATS #
Overall 2 of 2
Sector: Business Services M&A 1 of 1
Type: Divestiture M&A Deals 2 of 2
State: Texas M&A 2 of 2
Country: United States M&A 2 of 2
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-22 TGEIS

Houston, Texas, United States

TGEIS specializes in pipe fabrication and installation, structural fabrication and installation, turnaround, and small capital projects, as well as, instrumentation, electrical and civil work. We provide planning, design, and ground-up construction work with an emphasis on being able to provide a turnkey project for our clients. TGEIS is based in Houston, Texas.

Sell -