Press Releases
Posted January 22, 2015

TriStar Global Energy Solutions Has Completed a Majority Recapitalization with Thompson Street

Energy, Power & Infrastructure
Transaction Type
Mergers & Acquisitions
Houston, Texas

HOUSTON, January 22, 2015 – GulfStar Group (“GulfStar”) is pleased to announce the majority recapitalization of TriStar Global Energy Solutions, Inc. (“TriStar” or the “Company”) with Thompson Street Capital Partners (“Thompson Street”). GulfStar served as the exclusive advisor to TriStar throughout the transaction, which closed on December 31, 2014.

Based in Houston, TriStar is the parent company of three industry leading specialty contractors: TriStar PetroServ™, Zyme-Flow® Decon Technology, and Global Vapor Control™. TriStar operates on a global basis and provides its customers with innovative and proven solutions for tank cleaning, waste processing, process unit decontamination, emissions control and degassing. These services are critical to the maintenance and operating efficiency of energy infrastructure in the downstream and midstream sectors, including refineries, petrochemical plants and midstream terminals.

“GulfStar’s leadership in this transaction was integral to a successful outcome for all parties involved,” said Tom McQueary, President of TriStar. “Our partnership with Thompson Street gives us an excellent foundation to continue to expand our platform of companies through both organic and acquisition growth.”

The GulfStar team included Managing Director Colt Luedde and Associate Caroline Incavo. “The team at TriStar has built a terrific business since founding the Company in 2002 and has established itself as a leading service provider in its sector. It’s new partnership with Thompson Street positions TriStar for continued growth and further expansion of its business,” said Luedde.

About Thompson Street Capital Partners
Thompson Street Capital Partners is a private equity firm that invests in service, distribution and manufacturing businesses through recapitalizations, management buyouts, corporate divestitures and family businesses in transition. The firm typically invests in platform companies with an EBITDA between $4 million and $15 million, which are headquartered in North America. The firm’s investment strategies include a focus on growth – both organic and via acquisition- and adding value by driving operating improvements.

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 32 states and 10 foreign countries across a variety of industries.

Securities offered through GulfStar Group I, Ltd. an affiliated entity, member FINRA – SIPC

GulfStar Group
700 Louisiana Street
Suite 3800
Houston, Texas 77002


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