Trinity Steel Fabricators Has Acquired Triton Vessel Manufacture
HOUSTON, January 4, 2013 — GulfStar Group (“GulfStar”) is pleased to announce the acquisition of Triton Vessel Manufacture (“Triton”) by Trinity Steel Fabricators (“Trinity”), a portfolio company of The CapStreet Group (“CapStreet”). GulfStar served as exclusive financial advisor to Trinity throughout the transaction, which closed on November 16, 2012.
Located in Houston, Triton provides fabricated products including code vessels, non-code vessels, mud gas separators, pulsation dampeners, compression bottles, fuel filters, test separators and skids.
Trinity is a leading provider of steel fabrication services to the petrochemical, energy, diversified chemical, power, and construction and engineering industries. The Company’s fabrication services include the cutting, drilling, welding, punching, burning and shearing of structural steel beams and plates.
The GulfStar transaction team included Managing Director Kent Kahle, Senior Vice President John O’Brien and Associate Bobby Bryan. “We are extremely pleased to assist CapStreet and Trinity as they pursue an additional market segment providing vessel design and fabrication,” said Kahle.
Founded in 1990, The CapStreet Group focuses on control investments in lower middle market, privately-held businesses headquartered in Texas and other Sunbelt states. Since inception, the firm has raised more than $700 million of private equity, made over 30 portfolio company investments, and has completed more than 250 add-on acquisitions for these companies.About GulfStar Group
GulfStar is a leading middle market investment and merchant 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 over 575 transactions in more than 30 states and seven 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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