CIC Partners Makes Growth Capital Investment in Tri-State Holdings LLC

TriState (CIC Portfolio Company) Acquires Saltwater Disposal Assets from Pilot Water Solutions

November 17, 2022

Oil & Gas

Tri-State Vacuum and Rental, LLC, a CIC Partners portfolio company, acquired certain saltwater disposal wells and associated equipment from Pilot Water Solutions SWD LLC, expanding its disposal capacity in the Haynesville Shale. The deal strengthens TriState's position in regional water management and logistics, supporting continued market share growth amid rising Haynesville production.

CIC Partners Makes Minority Investment in TSU One

April 6, 2021

Industrial Services

Dallas-based private equity firm CIC Partners made a minority equity investment in TSU One Holdings LLC, a Fort Worth-headquartered diversified utility services company serving gas and electric utilities in Texas and Oklahoma. The capital will support TSU One's next phase of growth, strengthening its safety, workforce, equipment and ability to serve infrastructure end markets.

NorthCurrent Partners Acquires Tri-State Water, Power & Air

December 23, 2020

HVAC & Mechanical

NorthCurrent Partners, a New York–based private investment firm backed by family office capital, acquired Tri-State Water, Power & Air as a platform company in the home services sector. The deal closed on December 23, 2020; NorthCurrent will partner with Tri-State's management to support organic growth and pursue add-on acquisitions across the Midwest.

CC Industries Acquires Southern Towing Company from Trive Capital

June 10, 2019

Transportation

Chicago-based CC Industries, Inc. has acquired Southern Towing Company, LLC, an inland tank barge operator based in Memphis, Tennessee, from Trive Capital. The transaction represents a strategic consolidation/expansion of CC Industries' industrial/marine transportation capabilities and a successful exit for Trive Capital.

Shorehill Capital Acquires Ownership Interest in Triad Technologies, LLC

November 7, 2019

Industrial Services

Shorehill Capital acquired an ownership interest in Triad Technologies, LLC in partnership with Triad's management team and the Wissman family. The Wissman family retained a significant ownership stake and Doug Wissman will join the company's board; Twin Brook Capital Partners and Maranon Capital provided financing. Triad is a Vandalia, Ohio-based value-added distributor of industrial fluid power and automation solutions, serving more than 7,000 active customers across 21 locations.

HCI Equity Partners' Driven Distribution Group Acquires Chicago Parts & Sound; HCI Recapitalizes Tri-State

November 19, 2024

Logistics & Distribution

HCI Equity Partners recapitalized Tri-State Enterprises in November 2023 and launched the HCI-backed platform Driven Distribution Group, which completed the acquisition of the auto parts and accessories distribution business of Chicago Parts & Sound in October 2024. Financial terms were not disclosed; Bob and Jackie Lederer are reinvesting in the platform and Tri-State will remain an operating brand within Driven Distribution. HCI also appointed Matt Johnson as CEO of Driven Distribution Group to lead platform growth and integration.