CapStreet invests in Austin industrial tech firm
Houston-based CapStreet Group has completed its majority recapitalization of Specter Instruments, an Austin company doing business as WIN-911.
WIN-911 is an industrial monitoring, alerting and notification software company that helps protect more than 18,000 facilities in 80 countries on six continents by delivering machine alarms via smartphone app, voice, text, email and in-plant announcer.
Terms were not disclosed.
WIN-911 is the fourth investment for CapStreet V, which has $500 million of committed capital.
Former WIN-911 majority owner Robert Brooker will continue in an advisory role with the company as a director.
Teachers program sells majority stake
The Rise Fund, TPG’s multi-sector global impact investing strategy, has agreed to acquire a majority stake in Houston-based Teachers of Tomorrow, an alternative certification program from Gauge Capital.
Terms were not disclosed.
Teachers of Tomorrow provides accredited pre-certification training, research-based test preparation and ongoing professional development.
It has expanded from one to nine states over the past five years with plans to continue its market expansion.
The investment adds to Rise Funds’ education portfolio.
Republic Capital invests in Nesvold
Republic Capital Group, an investment bank focusing on the investment management, securities and fintech industries, received a minority investment from Nesvold Capital Partners, a merchant bank specializing in the financial services industry.
The deal with Republic Capital, with offices in Houston and New York, is NCP's fifth since the merchant bank launched in September 2020.
As part of the transaction, NCP founder Peter Nesvold will join Republic Capital's New York office as a partner and managing director and will take an active, day-to-day role in Republic Capital's management and investment banking mandates.
He will offer advisory services through Republic Capital and will continue to make strategic, minority investments through NCP.
Hi-Tech Concrete acquired by CPH
Concrete Pumping Holdings Inc., a provider of concrete pumping services and concrete waste management services in the U.S. and U.K., completed the acquisition of Hi-Tech Concrete Pumping Services of Houston.
CPH acquired Hi-Tech for $12.3 million in cash.
The purchase includes all of Hi-Tech’s concrete pumping service equipment, which includes 32 boom pumps and two placing booms.
Tulsa investor buys into FABco
Argonaut Private Equity, a Tulsa, Okla.based private equity fund, announced its partnership with Houston-based FABco, a provider of concrete construction materials and supplies including engineered steel rebar and associated construction products.
Terms of the investment were not disclosed.
The investment will allow FABco to grow each segment, including its engineered rebar platform, the on-demand concrete products and services line and its project install service.
Founders Martin Paul, Matthew Paul and Mark Paul, who are brothers, will remain with the business.
Rice & Gardner now a division
Houston-based Rice & Gardner Consultants Inc. is now a division of Project Control, the project management division of Raba Kistner Inc.
Terms of the transaction were not disclosed.
Led by Jim Rice, Rice & Gardner was established in 2005 with core competencies of program management and building commissioning.
Rice & Gardner staff will help grow Project Control’s project management services in Houston, as well as bring expanded service offerings with building commissioning services across Texas.
Logistics firm unites holdings
A&R Logistics, a supply chain services company serving the chemical industry, has rebranded to Quantix.
The name unites the A&R Logistics family of companies, including A&R Logistics, Blue Water Plastic Transport, Plantgistix, First Choice Logistics, L.T. Harnett Trucking Inc., Luckey Trucking and RJ’s Transportation, into a single brand.
Since being acquired by private equity firm Wind Point Partners in May 2019, Quantix has more than doubled in size and now has annual revenue of more than $500 million.