Endurance Investment Partners Leads $1B Recapitalization of GulfTex Energy (GulfTex Energy V into GulfTex Energy VI)

Main Street Capital Recapitalizes Victory Energy Operations

October 8, 2024

Manufacturing

Main Street Capital Corporation invested $74.4 million to support a majority recapitalization of Victory Energy Operations, partnering with an unnamed co-investor and Victory's founder and management team. The transaction included first-lien senior secured term debt and a direct equity investment and facilitated the buyout of an institutional investor.

Farragut Capital Partners and Watervale Equity Partners Recapitalize EMX Industries

July 25, 2024

Manufacturing

Farragut Capital Partners provided senior subordinated debt and equity to support a recapitalization of EMX Industries alongside Watervale Equity Partners and members of EMX’s senior leadership, including CEO Joseph Williams. EMX, a Cleveland-based manufacturer of electronic sensors for access control and industrial automation, will use the transaction to support growth and future momentum under the new capital structure.

Edgewater Funds and Partners Invest in Turbine Engine Specialists (TES)

October 17, 2023

Aerospace & Defense

Edgewater Growth Capital Partners V, L.P. led an investment in Turbine Engine Specialists (TES), a Fort Worth, Texas–based aftermarket provider of turbine engine MRO, rental and parts distribution for the global private aviation market. The transaction includes co-investors Banbury Private Capital, HF Capital and existing investor Killick Capital; TES will retain its full leadership team as the investors provide capital to support the company’s growth initiatives.

Tailwater Capital Acquires NorTex Midstream Partners

February 17, 2021

Oil & Gas

Dallas-based private-equity firm Tailwater Capital agreed to acquire NorTex Midstream Partners LLC, a Houston-based natural-gas storage and midstream operator. The acquisition gives Tailwater ownership of NorTex’s underground storage capacity (about 36 billion cubic feet), a trading hub and roughly 83 miles of pipeline near the Dallas–Fort Worth area to support gas-fired power generation as a complement to renewable energy.

Linx Fund III Recapitalizes Transglobal Services

April 30, 2019

Energy

Linx Partners (Linx Fund III) completed a recapitalization of Transglobal Services, a Fort Worth-based provider of surveying, land acquisition, GIS, environmental permitting and right-of-way services to the energy pipeline infrastructure market. Founders John Ratliff and Jeff Colwell remain in their roles and retain significant ownership; Cadence Bank provided senior financing to support the transaction.

TRP Capital Partners Takes Controlling Interest in Endurance Dealer Services & Endurance Warranty Services

June 1, 2015

Insurance

Affiliates of TRP Capital Partners have acquired a controlling interest in Endurance Dealer Services, LLC and Endurance Warranty Services, LLC (together, Endurance). The transaction is a recapitalization: founders Paul Chernawsky and Jordan Batt will retain significant ownership and continue to operate the business as the company pursues further growth; Colonnade Securities served as exclusive financial adviser to Endurance.