Allied Industrial Partners Makes Majority Recapitalization of Mat Tech Industrial Services
June 1, 2023
Allied Industrial Partners (AIP) completed a majority recapitalization investment in Mat Tech Industrial Services, a Houston-area provider of specialty rental equipment and industrial waste management services. Mat Tech’s founder and CEO Mike Tinnin will remain in leadership as AIP plans to support the company’s buy-and-build growth and organic expansion across downstream petrochemical and industrial end markets. Terms were not disclosed; GulfStar acted as Mat Tech’s financial advisor.
- Buyers
- Allied Industrial Partners LLC
- Targets
- Mat Tech Industrial Services, Mat Tech USA, LLC
- Sellers
- Mike Tinnin, Annie Tinnin
- Industry
- Industrial Services
- Location
- Texas, United States
- Transaction Type
- Recapitalization
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