Energy Maintenance Services USA, Inc. Has Completed a Divestiture to Brand Energy and Infrastructure
HOUSTON - GulfStar Group, Inc. ("GulfStar") is pleased to announce the divestiture of the Leak Detection and Repair and Environmental Analytics divisions (“LDAR”) of Energy Maintenance Services USA, Inc. (“EMS”), a portfolio company of Victory Park Capital Advisors, to Brand Energy and Infrastructure Services (“Brand”). GulfStar served as exclusive financial advisor to EMS throughout the transaction, which closed on February 4, 2013.
Headquartered in Lake Charles, Louisiana, LDAR offers inspection and monitoring, leak detection, sampling and analysis, and information management to the petroleum refining, gas processing, chemical, and pulp and paper industries throughout the United States. LDAR provides its services at more than 140 customer facilities in 23 states across the United States, with a leading presence in the Gulf Coast region. The divisions will continue to be run by their existing management teams.
The GulfStar team included Managing Director Colt Luedde, Vice President Brian Lobo and Analyst Kristie Ganss. “We are pleased to have represented EMS on this important transaction,” said Luedde. “The outcome satisfies strategic initiatives of both parties involved, allowing EMS more ability to focus on its core business and enabling Brand to enter two new service lines while expanding its customer base and footprint.”
About Victory Park Capital Advisors
Victory Park Capital Advisors is a private equity firm specializing in providing direct financing solutions to small cap and middle market companies across a wide range of industries. Victory Park Capital Advisors, LLC was founded in 2007 and is based in Chicago, Illinois with additional offices in Boston, Massachusetts and San Francisco, California.
About GulfStar Group
GulfStar is a leading middle market investment bank headquartered in Houston. GulfStar specializes in providing merger and acquisition advisory services, institutional private placements of equity and debt, and general corporate finance advisory services to companies with revenues or enterprise values generally ranging from $25 million to $350 million. Since its formation in 1990, GulfStar has completed approximately 600 transactions in more than 30 states and ten foreign countries across a variety of industries. Through its merchant banking affiliate, the firm also makes equity and subordinated debt co-investments.
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