M&A Deal Summary

HydroChemPSC Acquires TriStar Global Energy Solutions - Two Business Units

On January 2, 2020, HydroChemPSC acquired energy services and equipment company TriStar Global Energy Solutions - Two Business Units from ZymeFlow

Acquisition Highlights
  • This is HydroChemPSC’s 2nd transaction in the Energy Services and Equipment sector.
  • This is HydroChemPSC’s 4th transaction in the United States.
  • This is HydroChemPSC’s 3rd transaction in Texas.

M&A Deal Summary

Date 2020-01-02
Target TriStar Global Energy Solutions - Two Business Units
Sector Energy Services and Equipment
Buyer(s) HydroChemPSC
Sellers(s) ZymeFlow
Deal Type Divestiture

Target

TriStar Global Energy Solutions - Two Business Units

Houston, Texas, United States
TriStar Global Energy Solutions, Inc. - Two Business Units are PetroServ tank cleaning and Global Vapor Control degassing provides industrial cleaning solutions to the petrochemical and other energy end markets.

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Buyer(S) 1

Buyer

HydroChemPSC

Deer Park, Texas, United States

Category Company
Founded 1977
Sector Business Services
DESCRIPTION

HydroChemPSC is a national provider of industrial cleaning, specialty maintenance services, and technology solutions to the critical energy infrastructure in the United States. The company has built a strong business platform by partnering with clients who value safety, the most modern and productive equipment in the industry, a deep bench of engineering talent, and the highest standards for environmental compliance. It works as partners to transparently identify ways to reduce wastes, costs, and liabilities. HydroChemPSC was formed in 1977 and is based in Deer Park, Texas.


DEAL STATS #
Overall 4 of 4
Sector: Energy Services and Equipment M&A 2 of 2
Type: Divestiture M&A Deals 2 of 2
State: Texas M&A 3 of 3
Country: United States M&A 4 of 4
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-17 CARBER

Houston, Texas, United States

CARBER provides a full line of Inspection & Specialty Mechanical Service solutions integrated with a Health, Safety, and Environmental program, reflecting the company’s commitment to the people, communities, and markets the company serves. CARBER’s services increase safety, decrease downtime, reduce environmental impact and increase operational efficiency at customers’ facilities. CARBER was founded in 1995 and is based in Houston, Texas.

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Seller(S) 1

SELLER

ZymeFlow

Houston, Texas, United States

Category Company
Founded 2002
Sector Energy Services and Equipment
DESCRIPTION

ZymeFlow engages in the decontamination of hydrocarbon process equipment for entry, inspection, and maintenance including hot work. The exclusive ZymeFlow Process uses proprietary chemistry and application to achieve vessel entry in 8-12 hours. This unparalleled process prepares equipment for entry by simultaneously de-oiling while eliminating pyrophoric iron sulfide (FeS), hydrogen sulfide (H2S), benzene, and other explosive gases (LELs). ZymeFlow was founded in 2002 and is based in Houston, Texas.


DEAL STATS #
Overall 1 of 1
Sector: Energy Services and Equipment M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2020 M&A 1 of 1