Thompson Street Capital Partners has partnered with management to acquire TriStar Global Energy Solutions, a provider of hydrocarbon decontamination, tank cleaning, degassing and other maintenance and turnaround services primarily to refineries and petrochemical facilities.
“TriStar enjoys a well-deserved position as a worldwide leader in hydrocarbon decontamination, technical tank cleaning and degassing services. We’re very excited about this acquisition and pleased to partner with TriStar management to support even greater growth for this dynamic company,” said Jim Cooper, Senior Managing Partner at TSCP. “TriStar’s proprietary services and products and enormous technical know-how uniquely position the company as the ideal partner for challenging maintenance and turnaround services.”
“Thompson Street’s investment positions us to accelerate the growth we have experienced in both our domestic and international markets over the past several years,” said Tom McQueary, TriStar President and founder. “We look forward to the partnership and the additional resources that Thompson Street brings to the table to accelerate our growth both organically and through strategic acquisitions.”
Thompson Street Capital Partners (TSCP) makes investments in manufacturing, service and distribution businesses with annual revenues between $20 million and $200 million and a minimum EBITDA of $5 million. Founded in 2000, the firm has managed more than $800 million in private equity capital and is currently investing its third fund. TSCP is based in St. Louis (www.tscp.com).
TriStar Global is headquartered in Houston (www.tristarges.com).
© 2015 PEPD • Private Equity’s Leading News Magazine • 1-16-15