M&A Deal Summary

New State Capital Partners Acquires Universal Plant Services - Rotating Equipment Segment

On August 14, 2024, private equity firm New State Capital Partners acquired energy services and equipment company Universal Plant Services - Rotating Equipment Segment from Universal Plant Services

Acquisition Highlights
  • This is New State Capital Partners’ 1st transaction in the Energy Services and Equipment sector.
  • This is New State Capital Partners’ 17th transaction in the United States.
  • This is New State Capital Partners’ 2nd transaction in Texas.

M&A Deal Summary

Date 2024-08-14
Target Universal Plant Services - Rotating Equipment Segment
Sector Energy Services and Equipment
Buyer(s) New State Capital Partners
Sellers(s) Universal Plant Services
Deal Type Divestiture

Target

Universal Plant Services - Rotating Equipment Segment

Deer Park, Texas, United States
Universal Plant Service's Rotating Equipment Segment is a specialty equipment service provider related to all rotating, reciprocating and machinery. Universal Plant Services' Rotating Equipment Segment is based in Deer Park, Texas.

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Buyer(S) 1

Buyer

New State Capital Partners

Larchmont, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2014
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

New State Capital Partners is a private investment group focused on middle-market opportunities in the business services, healthcare and industrial sectors. The Firm will consider both majority and minority investments in funding a variety of situations. New State can invest up to $100 million in transactions valued up to $250 million. The Firm was formed in 2013 and is based in New York City.


DEAL STATS #
Overall 18 of 19
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 2 of 2
State (Texas) 2 of 3
Country (United States) 17 of 18
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-08 NWN Carousel

Exeter, Rhode Island, United States

NWN Carousel is a provider of information systems services and solutions. These include unified communications services, data center and virtualization, network infrastructure, end user computing, applications and data services, IT staffing services, and managed services. NWN Carousel was founded in 1986 and is based in Exeter, Rhode Island.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-26 Expo Group

Irving, Texas, United States

Expo Group serves as an architects for connecting communities through the design and management of personalized, unforgettable tradeshows and events. The company helps its clients reimagine events by leveraging behavioral science to deliver customized brand experiences with valuable content, connections, and commerce. The Expo Group was established in 1991 and is based in Irving, Texas.

Buy -

Seller(S) 1

SELLER

Universal Plant Services

Deer Park, Texas, United States

Category Company
Founded 1986
Sector Energy Services and Equipment
DESCRIPTION

Universal Plant Services is a service provider for the energy industry, providing project management, installation, maintenance and repair services for rotating and fixed equipment for daily maintenance requirements, turnarounds, and capital projects. Universal Plant Services was founded in 1986 and is based in Deer Park, Texas.


DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-04 Houston Controls

Baytown, Texas, United States

Houston Controls, Inc. is an industrial electrical, instrument, and controls company offering specialty services to the oil and gas and petrochemical industries. Houston Controls was founded in 2005 and is based in Baytown, Texas.

Buy -