Gullett and Associates, a provider of pipeline surveying services, has been acquired by Linx Partners.
Gullett and Associates is a provider of pipeline surveying, right-of-way acquisition and drafting services to the oil and gas industry and municipal governments. The company is based in Houston (www.gulonline.com).
TCF Capital Funding provided $13.5 million in senior secured credit facilities to support the acquisition of Gullett and Associates. “We have developed a great relationship with the Linx team,” said Joe Gaffigan, President of TCF Capital Funding. “The Linx team has a proven track record and we are excited to be the senior debt provider for their acquisition of Gullett.”
TCF Capital Funding provides asset-based loans and private equity sponsor-backed cash flow loans to companies with less than $100 million in revenue and between $2 million and $10 million in EBITDA. The firm is based in Burr Ridge, IL (www.tcfcapitalfunding.com).
Linx Partners is a lower middle market private equity firm that partners with family and entrepreneur-led, industrial businesses. The firm focuses primarily on light industrial manufacturers, industrial services and specialty distributor companies with annual revenues between $20 million and $200 million. Linx Partners has offices in Atlanta and New York (www.linxpartners.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 1-29-13