LKCM Headwater Investments Takes Distribution Solutions Group Private

Distribution Solutions Group to Acquire GradeEight Holdings

October 13, 2026

Logistics & Distribution

Distribution Solutions Group entered into a definitive agreement to acquire GradeEight Holdings, the parent company of Winzer Corporation and FastServ Supply. GradeEight’s nationwide MRO distribution network, franchise relationships, and Texas and Arkansas retail locations will expand DSG’s customer reach and geographic coverage.

Delek Logistics Partners Acquires H2O Midstream

September 12, 2024

Energy

Delek Logistics Partners, LP (NYSE: DKL) has closed the acquisition of H2O Midstream, a portfolio company of EIV Capital, for total consideration of $230 million ($160 million cash and $70 million in convertible preferred redeemable equity). The purchase expands Delek Logistics’ Midland Basin water midstream capabilities—water gathering, transportation, recycling, storage and disposal—and is expected to create operational synergies with its existing Permian Basin assets.

KLH Capital Completes Management Buyout of Miller Integrated Solutions

September 28, 2023

Industrial Services

KLH Capital has partnered with the management team of Miller Integrated Solutions in a management buyout, acquiring the Deer Park, Texas-based industrial cleaning, environmental, and mechanical services provider. Miller, founded in 1985 and operating six Gulf Coast facilities with 400+ field crewmembers and 100+ MSAs, was previously a portfolio company of Trinity Hunt Partners; MJ Olsson and senior leadership will remain shareholders in the new partnership.

LKCM Headwater Investments Acquires ERIKS North American Business

May 16, 2022

Industrial Services

LKCM Headwater Investments completed the acquisition of ERIKS’ North American business in a divestiture announced in 2022. The transaction transfers ERIKS North America (the regional distribution and industrial-services business) to the Texas-based private equity firm, which intends to grow the platform and its distribution capabilities in North America.

CenterOak Partners Majority Recapitalizes HK Solutions Group

July 14, 2021

Environmental Services

CenterOak Partners completed a majority recapitalization of HK Solutions Group, a Des Moines-based provider of water and wastewater infrastructure inspection, cleaning, repair and industrial services in the U.S. Midwest. The HK Solutions management team, led by CEO Wade Anderson, will remain in place as CenterOak plans to grow the business organically and via add-on acquisitions to expand service capabilities and market presence.

KLH Capital Recapitalizes D&H United Fueling Solutions

February 28, 2020

Oil & Gas

KLH Capital has completed a recapitalization of D&H United Fueling Solutions, partnering with the company's management team to provide liquidity and support growth. D&H United, based in San Antonio, Texas, is a turnkey service provider and distributor to the retail and commercial fueling industry with more than 230 employees; the transaction was financed with Oxer Capital and CIBC.