M&A Deal Summary

Pennzoil-Quaker State Co. Acquires Allied Reliability

On December 22, 2022, Pennzoil-Quaker State Co. acquired business services company Allied Reliability from The CapStreet Group

Acquisition Highlights
  • This is Pennzoil-Quaker State Co.’s 1st transaction in the Business Services sector.
  • This is Pennzoil-Quaker State Co.’s 2nd transaction in the United States.
  • This is Pennzoil-Quaker State Co.’s 2nd transaction in Texas.

M&A Deal Summary

Date 2022-12-22
Target Allied Reliability
Sector Business Services
Buyer(s) Pennzoil-Quaker State Co.
Sellers(s) The CapStreet Group
Deal Type Add-on Acquisition

Target

Allied Reliability

Houston, Texas, United States
Allied Reliability provides reliability and maintenance services that help industrial companies and government agencies reduce maintenance costs and increase equipment uptime and throughput. Allied Reliability Group was established in 1997 and is based in Houston, Texas.

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Buyer(S) 1

Buyer

Pennzoil-Quaker State Co.

Houston, New Jersey, United States

Category Company
Founded 1998
Sector Chemicals
Employees5,150
DESCRIPTION

Pennzoil-Quaker State Co. produces motor oils.


DEAL STATS #
Overall 2 of 2
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: Texas M&A 2 of 2
Country: United States M&A 2 of 2
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-01 Auto Expressions

Moorpark, California, United States

Auto Expressions is a branded line of quality automotive air care and accessories products, available in the auto section of many major retail chains around the world.

Sell -

Seller(S) 1

SELLER

The CapStreet Group

Houston, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1990
PE ASSETS 650M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

The CapStreet Group is a private equity firm that primarily invests in businesses that were previously owned by entrepreneurs, families or other non-institutional investors. CapStreet typically looks for control investment situations, and has a preference for businesses located in the Southwest US. CapStreet typically invests between $10 million and $25 million of equity in companies valued less than $150 million. The CapStreet Group was formed in 1990 and is based in Houston, Texas.


DEAL STATS #
Overall 29 of 31
Sector: Business Services M&A 5 of 6
Type: Add-on Acquisition M&A Deals 10 of 12
State: Texas M&A 23 of 25
Country: United States M&A 29 of 31
Year: 2022 M&A 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-28 Onpoint Industrial Services

Deer Park, Texas, United States

Onpoint Industrial Services provides turnaround and capital project support services, which include planning and scheduling personnel, safety professional and attendant services, and workforce transportation and logistics services. Onpoint Industrial Services is based in Deer Park, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-12 PlanetBids

Studio City, California, United States

PlanetBids is a provider of eProcurement software as a service (SaaS) solutions. PlanetBids was founded in 2000 and is based in Studio City, California.

Buy -