KLH Capital Recapitalizes Thorpe Specialty Services
August 31, 2022
KLH Capital has completed a recapitalization of Thorpe Specialty Services, partnering with Thorpe management while prior sponsor The Capstreet Group sold its stake. Thorpe, a Houston-based provider of refractory, corrosion, scaffolding and insulation maintenance and engineering services with ~1,250 employees, will use the partnership to accelerate growth and scale across petrochemical, power, mining and other industrial end markets.
- Buyers
- KLH Capital
- Targets
- Thorpe Specialty Services
- Sellers
- The Capstreet Group
- Industry
- Industrial Services
- Location
- Texas, United States
- Transaction Type
- Recapitalization
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