Press Releases
Posted May 30, 2023

Mat Tech Has Completed a Majority Recapitalization with Allied Industrial Partners

Industrial Services & Manufacturing
Transaction Type
Mergers & Acquisitions
Alvin, Texas

HOUSTON, May 30, 2023 – GulfStar Group (“GulfStar”) is pleased to announce the majority recapitalization of Mat Tech USA, LLC (“Mat Tech” or the “Company”) by Allied Industrial Partners LLC (“AIP”). GulfStar served as the exclusive financial advisor to Mat Tech throughout the transaction, which closed on April 19, 2023.

Founded in 2008 and based in Alvin, Texas, Mat Tech has a complementary rental and transportation fleet that offers customers along the Gulf Coast mission critical products and services in support of maintaining, repairing and constructing industrial assets. The Company maintains a large and diverse inventory of mats, skids, pads, liquid containment tanks, portable toilets and other products. Mat Tech also transports and disposes of liquids and chemicals.

“We chose GulfStar because of its focus on successfully serving entrepreneurs and family-owned businesses” said Mike Tinnin, CEO and owner of Mat Tech. “The GulfStar team did not disappoint as they exceeded our expectations from the start to the closing.”

Founded in 2019, AIP is a lower and middle market private equity firm that thematically invests in high-growth companies within various industrial subsectors, including industrial rentals, manufacturing, distribution, environmental services and critical infrastructure. AIP seeks to partner with experienced management teams that can benefit from its operational enhancement capabilities and its active, hands-on involvement, which allows the firm to execute buy and build strategies.

“We greatly enjoyed working with Mike and Annie Tinnin who have built a very successful business and now have the opportunity with AIP to take it to the next level,” said Kent Kahle, Managing Director of GulfStar.

The GulfStar team was led by Managing Directors Kent Kahle and Ben Stanton along with support from Associate Jack Brady. In addition, Ewing & Jones served as legal counsel to Mat Tech while Jain & Jane provided accounting and tax advice.

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 750 transactions in 37 states and 17 foreign countries across a variety of industries.

GulfStar Group
700 Louisiana Street
Suite 3800
Houston, Texas 77002


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