M&A Deal Summary

Elm Creek Partners and CornerPost Capital Partners Acquire TGEIS

On November 22, 2013, private equity firm Elm Creek Partners and CornerPost Capital Partners acquired construction company TGEIS from Texas Gulf Energy

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

M&A Deal Summary
Date 2013-11-22
Target TGEIS
Sector Construction
Buyer(s) Elm Creek Partners
CornerPost Capital Partners
Sellers(s) Texas Gulf Energy
Deal Type Divestiture

Target

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.

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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 3 of 7
Sector (Construction) 1 of 1
Type (Divestiture) 1 of 2
State (Texas) 2 of 4
Country (United States) 3 of 7
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-08 DG Publishing

Dallas, Texas, United States

DG Publishing, Inc. (Design Guide) is a publisher of local resource guides for the interior design, wedding and other markets.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-24 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.

Buy -
Buyer

CornerPost Capital Partners

Category Private Equity Firm
Size Small
Type Sector Agnostic
DESCRIPTION

DEAL STATS #
Overall 1 of 2
Sector (Construction) 1 of 1
Type (Divestiture) 1 of 2
State (Texas) 1 of 2
Country (United States) 1 of 2
Year (2013) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-24 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.

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 1 of 2
Sector (Construction) 1 of 1
Type (Divestiture) 1 of 2
State (Texas) 1 of 2
Country (United States) 1 of 2
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-09 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-24 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.

Sell -
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