M&A Deal Summary

Taurus Industrial Group Acquires Hi-Tech Industrial Services

On August 14, 2019, Taurus Industrial Group acquired business services company Hi-Tech Industrial Services from SCF Partners

Acquisition Highlights
  • This is Taurus Industrial Group’s 1st transaction in the Business Services sector.
  • This is Taurus Industrial Group’s 1st transaction in the United States.
  • This is Taurus Industrial Group’s 1st transaction in Texas.

M&A Deal Summary

Date 2019-08-14
Target Hi-Tech Industrial Services
Sector Business Services
Buyer(s) Taurus Industrial Group
Sellers(s) SCF Partners
Deal Type Merger

Target

Hi-Tech Industrial Services

Deer Park, Texas, United States
Hi-Tech Industrial Services is a provider of integrated specialty services to the downstream energy, infrastructure, and industrial market. Hi-Tech Industrial Services was founded in 1985 and is based in Deer Park, Texas.

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Buyer(S) 1

Buyer

Taurus Industrial Group

La Porte, Texas, United States

Category Company
Sector Electrical Equipment
DESCRIPTION

Taurus Industrial Group provides services for electrical and power systems, automation, and control instrumentation, civil and mechanical projects, rotating and reciprocating equipment maintenance, refractory, scaffolding, insulation, paint and plant turnarounds. Taurus Industrial Group is based in La Porte, Texas.


DEAL STATS #
Overall 1 of 3
Sector: Business Services M&A 1 of 2
Type: Merger M&A Deals 1 of 1
State: Texas M&A 1 of 2
Country: United States M&A 1 of 3
Year: 2019 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-17 Amber

La Porte, Texas, United States

Amber is an electrical and instrumentation services provider to the downstream and industrial sectors. Amber’s projects range in size from small capital projects and maintenance contracts to multi-million dollar grassroots plants. Amber was founded in 1978 and is based in La Porte, Texas.

Buy -

Seller(S) 1

SELLER

SCF Partners

Houston, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 2.0B USD
Size Large
Type Sector Focused
DESCRIPTION

SCF Partners Ltd. is a specialist private equity firm that targets investments in energy service and equipment companies with operations around the world. SCF provides both equity capital and strategic guidance over the life of the investment which typically lasts five years. The Firm's target investment size is $10 to $100 million. SCF looks to grow portfolio companies through internal growth initiatives and through acquisitions. SCF Partners was formed in 1989 and is based in Houston, Texas, with additional offices in Aberdeen, Scotland and Calgary, Alberta.


DEAL STATS #
Overall 22 of 26
Sector: Business Services M&A 2 of 4
Type: Merger M&A Deals 2 of 2
State: Texas M&A 13 of 13
Country: United States M&A 14 of 14
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-10 ProDirectional

Conroe, Texas, United States

ProDirectional is an independent provider of directional and horizontal drilling services to oil and natural gas exploration and production companies. Professional Directional provides a complete suite of directional drilling services including well planning and engineering, downhole motor technology and guidance, and measurement while drilling services. ProDirectional was founded in 2001 and is based in Conroe, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-20 Score Group

Peterhead, United Kingdom

Score Group is an engineering solutions company, providing a full-spectrum of services to multiple 1market sectors, underpinned by a proven track record based on more than four decades of experience and innovation. Score Group was founded in 1982 and is based in Peterhead, United Kingdom.

Buy £120M