Thompson Street Capital Partners (TSCP), a private equity firm based in St. Louis, announced today that it has partnered with management to acquire TriStar Global Energy Solutions, Inc., of Houston, Texas. TriStar (www.tristarges.com) is a provider of hydrocarbon decontamination, tank cleaning, degassing and other maintenance and turnaround services primarily to refineries and petrochemical facilities. Terms of the transaction were not disclosed.
TriStar offers a comprehensive suite of customized solutions to safely and quickly perform challenging maintenance and turnaround activities. TriStar’s solutions are customized to address the needs of its refinery and petrochemical clients worldwide. These customized solutions, in conjunction with TriStar’s constantly evolving intellectual property, result in increased operating efficiency and minimized downtime at client facilities.
Said Tom McQueary, TriStar President and founder, “Thompson Street’s investment positions us to accelerate the growth we have experienced in both our domestic and international markets over the past several years. We look forward to the partnership and the additional resources that Thompson Street brings to the table to accelerate our growth both organically and through strategic acquisitions.”
Said Jim Cooper, Senior Managing Partner, TSCP, “TriStar enjoys a well-deserved position as a worldwide leader in hydrocarbon decontamination, technical tank cleaning and degassing services. We’re very excited about this acquisition and pleased to partner with TriStar management to support even greater growth for this dynamic company. TriStar’s proprietary services and products and enormous technical know-how uniquely position the Company as the ideal partner for challenging maintenance and turnaround services.”