MFG Partners, with PNC Mezzanine and Centerfield, Invests in CST Utilities (Chuck's Septic Tank & I-Bore)
November 17, 2022
MFG Partners has completed an investment in Chuck's Septic Tank and Drain Cleaning, Inc., CST Utilities, LLC, and I-Bore, LLC (collectively "CST"), in partnership with PNC Mezzanine Capital and Centerfield Capital Partners. CST, founded in 1969 and headquartered in Grove City, Ohio, is a turnkey underground infrastructure services provider offering excavation, boring, drain cleaning and related pumping services to public utilities, telecom providers and other businesses; the deal is positioned as a platform investment to support the company's long-term growth.
- Buyers
- MFG Partners, PNC Mezzanine Capital, Centerfield Capital Partners
- Targets
- Chuck's Septic Tank and Drain Cleaning, Inc. (CST Utilities, LLC; I-Bore, LLC)
- Industry
- Industrial Services
- Location
- Ohio, United States
- Transaction Type
- Buyout
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