MML Capital Partners Completes an Investment in UPS/Jones Industrial Holdings
Houston [August 2, 2016] GulfStar Group ("GulfStar") is pleased to announce that MML Capital Partners ("MML") has completed an investment in Universal Plant Services/Jones Industrial Holdings, Inc. ("UPS" or the "Company"). GulfStar served as the exclusive financial advisor to MML throughout the transaction, which closed in July 2016.
MML Capital Partners is a leading transatlantic independent investment firm with over $2 billion invested in more than 100 platform businesses since 1988. MML backs leading management teams in companies that require capital for expansion, acquisitions, refinancing or recapitalizations. MML brings international resources and perspective to each market it serves through its investment teams in the UK, France and United States. MML's investment was made from its sixth fund.
"MML is delighted to partner with the UPS team as they pursue significant growth opportunities over the next few years, both organically and via selective acquisitions," said Mark A. Evers, partner with MML.
Headquartered in Houston, TX, UPS provides maintenance, repair and overhaul services for industrial equipment in the refining, petrochemical, midstream and power end markets. Within these end markets, the Company services mission critical equipment such as industrial compressors, heat exchangers, turbines, pumps, towers and valves.
"We have known both MML and the UPS management team for a long time," said Cliff Atherton, managing director of GulfStar. "We were delighted to assist MML in arranging this investment in and partnership for growth with an outstanding management team."
The GulfStar team consisted of Managing Directors Cliff Atherton and Tom Hargrove, along with Senior Vice President Pam Reiland, Associate Robert Willis and Analyst Alex Pette.
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 more than 630 transactions in 32 states and 14 foreign countries across a variety of industries.