CapStreet Acquires Creative Resource Group
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CapStreet Acquires Creative Resource Group

crg nf1The CapStreet Group has completed a majority recapitalization of Creative Resource Group, a provider of transportation and facility services.

Creative Resource Group provides facility maintenance, logistics, safety and transportation services to companies operating in the refining, chemical, pipeline and terminals, power, pulp and paper, and pharmaceutical sectors. The company was founded in 2005 by Bill Taylor (CEO) and his daughter Brandi Taylor and is based northeast of Houston in Dayton, TX (www.crg-us.net).

“We are delighted about our new partnership with CapStreet. CapStreet has a great reputation and a significant amount of experience in successfully growing companies like ours. We look forward to working with the CapStreet team and leveraging their expertise as we enter into our next phase of growth,” said Mr. Taylor.

This acquisition represents the second investment for CapStreet IV, the firm’s most recent fund, which has $340 million of committed capital.  CapStreet makes control investments in privately held, lower middle market companies that are headquartered in Texas and surrounding states. CapStreet targets industrial and diversified business service companies with annual EBITDA between $5 million and $20 million.  The firm was founded in 1990 and is headquartered in Houston (www.capstreet.com).

As part of this transaction, Brian Bourque has joined the company as Chief Operating Officer. Mr. Bourque has experience working with industrial service companies and was previously the CFO and Executive Vice President of Sprint Industrial Holdings, a former CapStreet portfolio company.

Paul De Lisi nf1“We are excited to partner with the Taylor family. Bill and Brandi have built a high quality business and we look forward to working with them to accelerate growth. We are also excited to have recruited Brian to the team. Brian is a highly experienced executive in the industrial space and we look forward to working with him again,” said Paul De Lisi, a partner at CapStreet.

Houston-based IVS Investment Banking (www.bicivs.com) served as financial adviser to Creative Resource Group and financing was provided by Houston-based Amegy Bank (www.amegybank.com).

© 2015 PEPD • Private Equity’s Leading News Magazine • 4-21-15

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