Zapalac & Hudgins

​Acquistion Capital

The Principals of Zapalac & Hudgins Acquisition Capital  have closed 19 transactions with a combined enterprise value of $450+ million.

Revak, Keene Turbomachinery, LP and Industrial Storage Services, LLC – Management Buy-In/Leverage Recapitalization, December 2021.  Revak Keene Turbomachinery is the leading interdependent re-manufacturer of steam turbines, turbomachinery parts and accessories to the petrochemical industry in the US Gulf Coast.  Industrial Storage Services operates three facilities with a collective 180,000+ square feet of humidity-controlled storage for “critical” components spare parts for the petrochemical, power generation and food processing industry.  The simultaneous MBI/leverage recapitalization transaction of the two companies was led by Echo Holdings and financed by PNC Mezzanine Capital.

Petrochem Services Group – M&A Transaction, November 2018, Petrochem has grown to become a leader in providing industrial cleaning services to major chemical storage and terminals facilities located in the Gulf Coast United States.

KAP Project Services, Ltd. – Leverage Recapitalization, June 2017, is the leading provider of planners, schedulers and project coordinators to plan and execute shutdown, turnaround, maintenance and capital projects in the oil and gas industry.

Specialty Welding and Turnarounds  (SWAT) – Leverage Recapitalization, April 2017 is a full scale turnaround company that executes large scale specialty welding and general mechanical turnarounds.  The Company employs approximately 1,300 individuals.

Industrial Cooling Tower Services, Inc. – M&A Transaction, August 2016.  ICTS is as a full-service cooling tower contractor providing services to the industrial and power generation markets.  ICTS was acquired by the Midwest Cooling Towers.  

Creative Resource Group  - Leverage Recapitalization, April 2015.  CRG specializes in (i) plant logistic support and safety services, (ii) provides transportation and shuttle services that currently transports in excess of 3,000 people daily to and from petrochemical plants and offsite drop zones.  CapStreet Group was the equity sponsor to the transaction. 

Apache Industrial Services acquires Southern Insulation Inc., August 2014.  Southern Insulation operates in the Sulphur/Lake Charles, Louisiana market area for over 30 years with a focus on industrial insulation in the petrochemical markets.

Total Industrial Services, Inc. - M&A Transaction, July 2013. TIS provides turnkey mechanical services to the petrochemical industry such as field machining, specialty welding, bundle extraction, bolt torque/tensioning, heat exchanger maintenance and pipe fabrication and installation. TIS was acquired by the JV Driver Companies.

Lone Star Marine Shelters - Leverage Recapitalization, December 2012. Lone Star Marine is the leading “mid-tier” (projects that range from $5MM - $10MM in value) provider of constructing state of the art "single lift" offshore office / living quarters for the offshore oil & gas drilling and production industry.

FabEnCo., Inc. - Leverage Recapitalization, August 2012. Based in Houston, Texas, FabEnCo was founded in 1965 and has grown to become the market leader in the manufacturing of self-closing safety gates for ladder, stair and platform openings.

Flex Tank, LLC was acquired by Coast Energy Group which was funded by Targa Resources, March 2011.  Flex Tank operates a 541,400 barrel petroleum products facility that consist of 32 above ground storage tanks.

Wholesale Radio Rentals - Add-on acquisition by Total Safety Inc., December 2008.  Wholesale Radio rents 2-way radios to the refining, chemical, petrochemical and events industries in the greater Gulf Coast U.S. 

USA Environment, LP - $36 Million - Leverage Recapitalization, June 2008.  Founded in 1991, USA provides a full range of high end environmental services as well as owns and operates a transportation fleet licensed to haul hazardous and radioactive materials in 48 states.  The equity sponsor to the transaction was Wingate Partners, a $300 million private equity fund located in Dallas, Texas.

High Temperature Repair, Inc. - $5 Million - M&A Transaction, May 2008.  Founded in 1993, HRI is the leader in the high temperature industrial repair, maintenance and inspection industry.  HRI has developed a patented proprietary body suit and systems to prepare individuals to work within extreme heat environments up to 1300 degrees Fahrenheit.  HRI was acquired by the Timec Companies.

Revak Companies - $35 Million - M&A Transaction, January 2008.  Founded in 1981, the Revak Companies manufacture, distribute and sell turbomachinery parts and accessories to a global customer base in the petrochemical, processing, energy and utility industries.  The Revak Companies were acquired by Hoerbiger Services North America, the leading compressor services company in North America.

VLS Recovery Services - $17.5 Million - Management Led Buyout, December 2007.  VLS Recovery Services operates two industrial service businesses: specialized/technical railcar cleaning and non-hazardous waste management.  VLS Recovery Services was a wholly owned subsidiary of Vopak North America.  The MBO was led by a combination of Michael Dilick and other VLS managers.  The equity sponsor to the transaction was HSBC Private Equity, a $500 million private equity fund located in New York, New York.

Petroleum Services Inc. - M&A Transaction,  December 2007.  PSI is a provider of cleaning services to the petrochemical and refining industry in the United States.  PSI was acquired by Grupo Tradebe, a leader in several segments of the environmental sector in Spain, Europe, the United States, the Middle East and Asia.  IVS Investment Bank was the lead investment bank on the transaction.

Inter-Mountain Safety Company - Add-on acquisition by Total Safety Inc., August 2007.  Inter-Mountain is a provider of comprehensive safety services to the oil and gas industry in the Rocky Mountain region of the United States.  Total Safety is the leading outsourced provider of mission-critical safety services. 

Rotorcraft Leasing Company - $70 Million - Leveraged Recapitalization + 2 add-on acquisitions,.  Rotorcraft provides helicopter air transportation services to oil and gas companies that transport more than 10,000 people per month to offshore production and exploration platforms throughout the Gulf of Mexico.  HIG Capital was the equity sponsor.