CapStreet Group Announces Investment in Trinity Steel Fabricators

Tag : Structural Steel
CapStreet Group Announces Investment in Trinity Steel Fabricators

Released : Monday, July 21, 2008 1:09 PM
Business Editors/Steel Writers
HOUSTON--(BUSINESS WIRE)--July 21, 2008--The CapStreet Group, LLC(www.capstreet.com), a Houston-based private equity firm, announcedtoday that it has completed its recapitalization investment inTrinity Steel Fabricators, Inc. GulfStar Group, an investmentbanking firm also based in Houston, advised Trinity Steel and is aninvestor in the recapitalized company. Roy and Randy Karnes, theformer major shareholders in Trinity Steel, are also investors inthe new company and Roy Karnes, the chief executive officer ofTrinity Steel, will continue to lead the management team. AmegyBank provided financing for the transaction.
Trinity Steel, headquartered in Trinity, Texas, northeast ofHouston, is a leading provider of structural steel fabricationservices to the petrochemical, energy, diversified chemical, powerand construction and engineering industries. The company has beenin operation for more than 30 years and maintains three fabricationplants located in Trinity, Tomball, and Lufkin, Texas, with morethan 140,000 total square feet of fabrication space.
CapStreet has a long history of helping companies like TrinitySteel grow their business, said Roy Karnes, CEO of Trinity Steel.With the support of a strong financial partner, we are confidentwe can both increase our production capacity and enhance ourability to meet the increasing needs of our customers, he added.
Trinity Steels exceptional management team and established marketposition align well with CapStreets proven investment strategy,said George Kelly, chief executive officer of CapStreet. We viewthis partnership as an excellent opportunity to accelerate growthand improve profits for Trinity Steel.
About The CapStreet Group, LLC
The CapStreet Group is a Houston-based private equity firm withcommitted capital in excess of $450 million. CapStreet makescontrol investments in privately-held lower middle-market companieslocated primarily in Texas and other Sunbelt states. CapStreetslong-term strategy is to create value by assisting individualportfolio companies in accelerating revenue growth and improvingoperating efficiencies.
Copyright 2008 Business Wire
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Business Wire
Keywords:
Americas , North America , USA , Manufacturing , Metals & Mining , Metal Fabrication , Natural Resources , Steel & Iron , Texas