Freestone Partners Acquires Assets of Warfab Industries, Inc.

Freestone Partners Acquires Formwork Services and Supply (with GP Capital Partners)

April 7, 2022

Construction

Freestone Partners completed an acquisition of the assets of Formwork Services and Supply in partnership with management and investor GP Capital Partners. GP Capital Partners provided $10.9 million of financing (approximately $8.0M senior secured term debt and $2.9M common equity) and Texas Capital Bank provided a revolving credit facility to support working capital as Formwork pursues its next phase of growth.

Warminster Fiberglass LLC Acquires Warminster Fiberglass

January 26, 2021

Manufacturing

Warminster Fiberglass, LLC, headquartered in Decatur, Alabama and led by President Ty Batchelor, has acquired Warminster Fiberglass, a 1958-founded manufacturer of fiberglass products headquartered in Southampton, Pennsylvania with operations in Jacksonville, Texas. The new owners plan to expand the company's product portfolio, geographic reach and distribution while building on its engineering capabilities and wastewater-management market presence.

Petrosmith Acquires Wellflex Energy Solutions

November 23, 2020

Energy

Petrosmith has acquired the assets of Wellflex Energy Solutions, a Fort Worth-based engineering, fabrication and EPC specialist for oil and gas production equipment. The acquisition adds Wellflex's engineering, modular fabrication and project management capabilities to Petrosmith's manufacturing and tubular goods business, supporting expanded service offerings for energy operators.

Quiltcraft Industries Acquires Fabtex Inc. After Willistown Capital Recapitalization

April 16, 2025

Manufacturing

Quiltcraft Industries, newly recapitalized by Houston-based private equity firm Willistown Capital, has acquired competitor Fabtex Inc. The deal creates a larger hospitality-focused textiles platform with expanded geographic reach, manufacturing and sourcing capabilities, and a combined workforce of more than 300 employees across the United States and Mexico.

Tide Rock Holdings Acquires Fabcon

July 26, 2022

Manufacturing

Tide Rock Holdings has acquired Fabcon, a Santa Ana, California–based contract manufacturer specializing in precision sheet metal, machining and electronic assembly, to expand its metals division alongside existing portfolio companies Bayless Manufacturing and Accu-Fab. The deal adds vertically integrated manufacturing capabilities and capacity in the Western U.S. to Tide Rock's metals portfolio to support growth across industrial and electronics end markets.

Heater Specialists Acquires ParFab Industries' Fabrication Business

September 1, 2024

Manufacturing

Tulsa-based Heater Specialists (HSI), a subsidiary of Energy Process Technologies Inc., acquired the assets comprising ParFab Industries' fabrication business in Inola, Oklahoma. The deal adds roughly 170,000 square feet of fabrication capacity, expands HSI's footprint in refinery, petrochemical and power-generation equipment manufacturing, and reflects ParFab's strategic decision to reallocate capital toward its Field Services division.