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Capstreet sells Thorpe Specialty Services to KLH Capital

The Capstreet Group (Capstreet), a Houston-based lower middle market private equity firm, as sold Thorpe Specialty Services (Thorpe), a maintenance and engineering services and solutions provider in petrochemical and other industrial markets, to KLH Capital (KLH). Financial terms of the transaction have not been disclosed.

Thorpe, which can trace its roots back to 1954, provides critical, skilled craft services and custom fabricated products to companies operating in high temperature, severe services, caustic, acidic and highly corrosive environments. 

Headquartered in Houston, TX with additional branch locations across Texas, Louisiana, Oklahoma, Alabama, and Western Canada, Thorpe serves customers including Fortune 500 companies and independent producers across petrochemical, power, pulp & paper, oil & gas, mining and other energy-intensive industries throughout the US and internationally.

Under Capstreet’s ownership, the Thorpe platform grew through both organic and inorganic initiatives, including the completion and integration of several mergers and acquisitions. In addition, Capstreet made investments in Thorpe’s technology, business processes, and sales and marketing, helping to institutionalise the platform.

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