Amberjack Capital Partners has acquired Industrial Thermal Services, a provider of industrial field services.
Industrial Thermal Services (ITS) provides on-site and shop-based equipment integrity and operational services including heat treating, bolting, torquing, cold cutting, and hydrostatic testing for customers operating in the refining, liquefied natural gas (LNG), petrochemical, power generation, and broader industrial sectors.
ITS operates from seven facilities located across Texas, Louisiana, Arkansas, and Montana. The company was founded in 2006 by CEO Ryan Aras and is headquartered 90 miles east of Houston in Nederland, Texas.
“Our partnership with Amberjack begins an exciting new chapter for ITS,” said Mr. Aras. “Their thoughtful support of founder-led businesses and industry expertise make Amberjack an ideal partner as we grow and invest in new opportunities.”
“We are thrilled to partner with Ryan and the ITS team,” said Jason Turowsky, a managing partner at Amberjack. “ITS has built an exceptional business with a strong culture of safety, quality, and customer focus. We look forward to supporting the continued growth of the platform through our investment and partnership.”
Amberjack Capital Partners invests from $20 million to $75 million of equity in companies that have enterprise values between $20 and $175 million, minimum revenues of $20 million, and minimum EBITDA of $5 million. The firm’s sectors of interest include industrial products and services, infrastructure products and services, and environmental products and services.
Houston-headquartered Amberjack has raised $2.1 billion of committed capital since its founding in 2006 and has invested in over 50 companies.
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