Adams Resources & Energy Repurchases Shares From KSA Industries

Affiliate of Tres Energy Acquires Adams Resources & Energy

February 4, 2025

Energy

An affiliate of Tres Energy LLC acquired Adams Resources & Energy, Inc. in a take-private transaction that closed February 4, 2025, with Adams shareholders receiving $38.00 per share. The deal (approximately $138.9 million equity value) takes the Houston-based oil marketing, transportation and terminals operator private to consolidate its midstream, transportation and recycling operations under Tres Energy.

Kian Capital Majority Recapitalizes SPATCO; SPATCO Adds The Southern Co. (NLR) and Adams Tank & Lift

August 17, 2021

Energy

Kian Capital Partners completed a majority recapitalization of SPATCO Energy Solutions in September 2020 with co-investors RF Investment Partners and PA Capital, supporting SPATCO's buy-and-build strategy. SPATCO then closed two add-on acquisitions: The Southern Company of North Little Rock (Dec 2020) and Adams Tank & Lift (July 2021), expanding its fueling equipment, installation, maintenance and environmental compliance footprint across the Southeast.

United Bancorporation of Alabama Repurchases Common Stock from KSOP

November 18, 2024

Financial Services

United Bancorporation of Alabama, Inc. repurchased all 197,717 shares of its common stock held by its 401(k) Employee Stock Ownership Plan (KSOP) at $54.25 per share, for an aggregate purchase price of approximately $10.7 million. The transaction was negotiated between United and the KSOP Trustee, included fiduciary/financial guidance and an independent appraisal, and closed on November 15, 2024.

Kohlberg Acquires Majority Stake in RESA Power from Investcorp

April 29, 2025

Industrial Services

Kohlberg, a U.S. middle-market private equity firm, has acquired a majority stake in RESA Power from Investcorp. RESA's management team and employee shareholders will retain a minority interest; Kohlberg plans to support RESA's next phase of growth by expanding capabilities and geographic footprint to meet rising demand for critical power services.

Kadant Inc. Acquires KWS Manufacturing Company, Ltd.

January 24, 2024

Manufacturing

Kadant Inc. completed the acquisition of KWS Manufacturing Company, Ltd. for approximately $84 million in cash, financed primarily through borrowings under Kadant's revolving credit facility. KWS, based in Burleson, Texas, is a manufacturer of screw conveyors, screw feeders, slide gates, and bucket elevators serving food, chemical, and wood process industries; it has about 165 employees and reported $45 million in trailing twelve‑month revenue. The business will join Kadant's Material Handling reporting segment to expand product portfolios and internal capabilities.

Madison Energy Infrastructure Acquires Sun Tribe's Commercial and K-12 Solar Portfolio

April 16, 2024

Renewable Energy

Madison Energy Infrastructure has acquired Sun Tribe's commercial assets, project pipeline, and commercial development team (Sun Tribe Solar), including onboarding of the commercial development leadership. The divestiture lets Sun Tribe sharpen its focus on utility- and community-scale solar while enabling Madison to expand its municipal and K-12 solar footprint and continue the Solar Empowered Schools program nationally.