Daily News: June 22, 2012

CapStreet Announces Recapitalization of The Eads Company


The CapStreet Group, LLC announced it has completed a majority recapitalization of The Eads Company, in partnership with the Eads management team.

Founded in 1953, The Eads Company is a Houston-based industrial provider of engineered flow control, instrumentation and other products and services, primarily marketed to process-type industries, such as refining, petrochemical, oil and gas production, and other industries utilizing highly specialized technical knowledge and equipment. Eads currently has six branches and two sales offices located throughout Texas.

“We are very excited about our new partnership with CapStreet,” said Eads president Steve Albert. “We have known members of their team for several years and were attracted by CapStreet’s experience in distribution, as well as in energy and its related industries. This new relationship will provide us with the financial resources and additional expertise to accelerate our growth, while continuing to provide outstanding service to our customers,” he added.

CapStreet partner Mike Young said, “We are looking forward to partnering with Steve and his team to continue to expand their business. Eads is a very customer-driven sales organization with excellent growth opportunities.”

Led by partner James J. Spring III, Chamberlain, Hrdlicka, White, Williams & Aughtry represented Eads in the transaction, and Willkie Farr & Gallagher LLP represented CapStreet, led by Bruce C. Herzog, Partner.

Founded in 1990, CapStreet focuses on investing in lower middle-market, privately held businesses headquartered in Texas and other Sunbelt states.