MML Capital Acquires OnPoint Industrial Services from Capstreet and HCI
December 6, 2022
MML Capital Partners has acquired OnPoint Industrial Services, a Deer Park, Texas-based provider of safety, logistics and planning services for refinery and petrochemical turnarounds, from Capstreet (with minority involvement from HCI Equity Partners). Financial terms were not disclosed; Stellus Capital provided senior debt financing and an equity co-investment to support the transaction. MML said it will invest in technology and expand OnPoint's capabilities to accelerate growth.
- Buyers
- MML Capital Partners
- Targets
- OnPoint Industrial Services
- Sellers
- Capstreet, HCI Equity Partners
- Industry
- Industrial Services
- Location
- Texas, United States
- Transaction Type
- Buyout
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