Capstreet, a Houston-based lower middle market private equity firm, has acquired Analytic Stress Relieving, a provider of on-site heat-treating services. Terms of the transaction have not been disclosed.
Founded in 1979, ASR provides heat treatment services to customers that span the industrial sector, with a particular focus in the petrochemical, refining, power and other industrial markets. ASR helps ensure the integrity of metal infrastructure through a variety of heat-treating methods.
The company operates out of 14 locations in North America and has an expansive fleet of heat treatment consoles, mobile rigs, induction and combustion equipment, and fixed-base furnaces. ASR’s deep expertise and large fleet enable it to deliver safe and high-quality heat treating to its customers.
Capstreet Partner Paul De Lisi said, “ASR has an excellent reputation for technical capability, quality and safety, and we believe that the Company can further expand both geographically and into ancillary services. We look forward to working with the management team as ASR evolves to support the unique needs of its customers.”
