Capstreet (a Houston-based lower middle market private equity firm) has acquired Analytic Stress Relieving (ASR), a provider of on-site heat-treating services. The terms of the transaction were not disclosed.
Established in 1979, ASR provides heat treatment services to customers that span the industrial sector, with a particular focus on the petrochemical, refining, power, and other industrial markets. And ASR helps ensure the integrity of metal infrastructure through a variety of heat-treating methods.
The company operates out of 14 locations in North America and has an expansive fleet of heat treatment consoles, mobile rigs, induction and combustion equipment, and fixed-base furnaces. Plus, ASR’s deep expertise and large fleet enable it to deliver safe and high-quality heat treatment to its customers.
KEY QUOTES:
“ASR has an excellent reputation for technical capability, quality and safety, and we believe that the Company can further expand both geographically and into ancillary services. We look forward to working with the management team as ASR evolves to support the unique needs of its customers.”
- Capstreet Partner Paul De Lisi
“For more than 40 years, we have held fast to our core principles that place safety, customer quality and respect for our fellow workers at the forefront of everything we do. Capstreet shares our commitment to these principles, and we are excited about the organic and strategic growth possibilities generated by the additional resources at our disposal.”
- ASR COO Dalton Meaux
“ASR is known for delivering quality heat-treating services to its customers. Supported by a talented team, ASR has built a strong foundation that we believe makes them well-positioned to accelerate execution on several attractive expansion opportunities in the market. We are incredibly excited to partner with the ASR team to help enable the company’s future growth.”
- Capstreet Principal Chas Richard
