Miller Integrated Solutions Has Been Acquired By KLH Capital

HOUSTON, November 29, 2023 – GulfStar Group (“GulfStar”) is pleased to announce the acquisition of MES Partners, Inc. (“Miller Integrated Solutions” or the “Company”), a portfolio company of Trinity Hunt Partners, by KLH Capital (“KLH”). GulfStar served as the exclusive financial advisor to Miller Integrated Solutions throughout the transaction.

Founded in 1985 and based in Deer Park, Texas, Miller Integrated Solutions is a leading industrial cleaning, environmental, and mechanical services company that operates within the downstream, midstream, and upstream hydrocarbon processing markets. With six strategically located facilities across its Gulf Coast footprint, Miller Integrated Solutions leverages its 400+ field-based crewmembers to support over 100 master service agreements across multiple recurring, maintenance-driven, service disciplines including tank cleaning, unmanned hydroblasting, vacuum truck services, spill cleanup, air mover & hydro excavation, chemical cleaning, vapor control, rubber lining & coating services, field specialty welding, mechanical maintenance and fabrication. The Company also has extensive experience in the environmental spill response industry and can build, clean and demolish equipment and structures, as well as support any environmental needs throughout the lifecycle of its customers.

“Our successful outcome was a direct result of the invaluable advice and guidance provided by the GulfStar team,” said MJ Olsson, CEO of Miller Integrated Solutions. “Their expertise, responsiveness and patience throughout the process all contributed to closing this transaction.” MJ Olsson and the senior leadership team will be shareholders in the new partnership with KLH.

Founded in 2005, KLH is a private equity firm serving management teams of lower middle-market companies in the specialty services, value-added distribution and niche manufacturing industries. The firm makes majority and minority equity investments in United States-based businesses to support the firm’s growth plans, provide ownership opportunities for key managers and allow owners to harvest the value in their businesses. Miller Integrated Solutions is the latest investment in KLH Capital Fund V, L.P. which raised $400 million in June 2023 to help founders, managers, and families create liquidity, solve succession planning and build great companies. Since its founding, KLH has raised $935 million.

“We very much appreciated the opportunity to work with the teams of Miller Integrated Solutions and Trinity Hunt Partners on this transaction and believe the Company has found an excellent next partner in KLH,” said Bryan Frederickson, managing director of GulfStar. “Miller Integrated Solutions’ depth and breadth of capabilities, and high-quality management team, position it well as a platform for continued growth.”

The GulfStar team was led by Managing Director Bryan Frederickson with support from Senior Vice President Alex Pette and Associate Gaddis House. Katten Muchin Rosenman LLP served as legal counsel to Miller Integrated Soutions, and SCA Transaction Services provided accounting advice.

About Trinity Hunt Partners
Trinity Hunt Partners is a growth-oriented private equity firm with over $1.7 billion of assets under management focused on building leading business, healthcare and consumer services companies. Trinity Hunt Partners has earned a reputation for providing the strategic, operational and financial capabilities needed to take entrepreneurial services companies to the next level.

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 strategic advisory to companies with revenues ranging from $25 million to $350 million. Since its formation in 1990, GulfStar has completed more than 750 transactions in 38 states and 18 foreign countries across a variety of industries.