Stellus Capital Management, a provider of middle market direct lending, provided senior debt financing and an equity co-investment to support MML Capital Partners’ acquisition of OnPoint Industrial Services.
Headquartered near Houston, OnPoint specializes in industrial safety and maintenance support across the United States. The company helps its customers manage complex maintenance projects more safely and efficiently by providing safety and logistics, project planning and coordination, materials management, transportation and confined space technology products and services.
“We enjoyed working with Stellus and valued their sector experience and knowledge of the company as an existing lender and investor,” Sean Quinn, managing director at MML, said. “Stellus was thoughtful in providing a flexible financing structure that allows for OnPoint’s continued growth and execution of our investment thesis. We look forward to building a strong relationship with Stellus going forward.”
“Our relationship with the OnPoint management team began in 2021 in connection with their merger with CertifiedSafety,” Gavin Roseman, managing director at Stellus, said. “We look forward to continuing that relationship and appreciate the opportunity to partner with MML to support the company’s next phase of growth. We believe OnPoint’s leading market position, unique value proposition, and favorable industry tailwinds position the company for continued long-term success.”
