New State Capital Partners Acquires Universal Plant Services' Rotating Equipment Segment
August 14, 2024
New State Capital Partners, with partner APEX Capital Partners, acquired the rotating equipment segment of Universal Plant Services from Jones Industrial Holdings. The rotating segment will continue to operate under the Universal Plant Services brand and remain headquartered in Deer Park, Texas, with current management remaining in place. New State said the business will serve as an anchor investment for a broader industrial aftermarket platform while JIH retains the non-rotating, instrument & electrical, and manufacturing installation segments.
- Targets
- Universal Plant Services (rotating equipment segment)
- Sellers
- Jones Industrial Holdings
- Industry
- Industrial Services
- Location
- Texas, United States
- Transaction Type
- Divestiture
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