Energy Exemplar, an Australia-based global energy market simulation platform, has acquired Adapt2 Solutions, a Houston, Texas-based provider of operations and trading software for the wholesale power markets. The Adapt2 Solutions transaction was completed simultaneously with the acquisition of Energy Exemplar by Blackstone Energy Transition Partners and Vista Equity Partners.

Crutchfield Capital advised Adapt2 Solutions in this transaction, including initiating discussions with Blackstone and Vista, facilitating due diligence activities, negotiating transaction structure and terms, and reviewing all documentation prior to closing.

OnPoint Industrial Services, a provider of industrial plant support services, has acquired Amerisafe Group, a provider of safety consulting, rescue, and occupational health services.

Crutchfield Capital advised OnPoint in this transaction, including initiating discussions with Amerisafe, facilitating due diligence activities, and negotiating transaction structure and terms.

Avesi Partners, a Stamford, CT-based private equity firm, has completed a majority investment in Visante, a specialized provider of technology-enabled pharmacy consulting solutions for U.S. health systems.

Crutchfield Capital advised Avesi Partners in this transaction, including initiating discussions with Visante, facilitating due diligence activities, and negotiating transaction structure and terms.

Credit Bureau Connection, a leading provider of credit reporting and compliance solutions to automotive dealers, lenders, and other end markets, has acquired Dealer Safeguard Solutions, a provider of compliance and workflow software solutions for the automotive retail industry.

Crutchfield Capital advised Credit Bureau Connection in this transaction, including initiating discussions with Dealer Safeguard Solutions, facilitating due diligence activities, and negotiating transaction structure and terms.

The Capstreet Group, a Houston, Texas-based private equity firm, has completed a majority recapitalization of hh2 Cloud Services, a leading provider of operations management software for the construction industry.

Crutchfield Capital advised The Capstreet Group in this transaction, including initiating discussions with hh2 Cloud Services, facilitating due diligence activities, and negotiating transaction structure and terms.

Sterling Investment Partners, a Connecticut-based private equity firm, has completed a majority recapitalization of Camp Construction Services, one of the nation’s largest specialized providers of restoration, renovation, and maintenance services for multi-family apartment communities.

Crutchfield Capital advised Camp Construction Services in this transaction, including initiating discussions with Sterling Investment Partners, facilitating due diligence activities, negotiating transaction structure and terms, and reviewing all documentation prior to closing.

HungerRush, a leading provider of integrated software and solutions for the restaurant industry, has acquired Menufy, a Kansas City-based online food ordering platform.

Crutchfield Capital advised HungerRush in this transaction, including initiating discussions with Menufy, facilitating due diligence activities, and negotiating transaction structure and terms.

Hydraquip, a leading supplier of value-added fluid power solutions, has acquired Flint Hydraulics, a global distributor of hydraulic components for heavy mobile and industrial machinery. Hydraquip operates as a subsidiary of Employee Owned Holdings, a 100% employee-owned conglomerate offering fluid power and automation solutions.

Crutchfield Capital advised Employee Owned Holdings and Hydraquip in this transaction, including initiating discussions with Flint Hydraulics, facilitating due diligence activities, negotiating transaction structure and terms, and reviewing all documentation prior to closing.

The CapStreet Group, a Houston, Texas-based private equity firm, has completed a majority recapitalization of WIN-911, a leading provider of industrial monitoring, alerting, and notification software.

Crutchfield Capital advised The CapStreet Group in this transaction, including initiating discussions with WIN-911, facilitating due diligence activities, and negotiating transaction structure and terms.

Covetrus (NASDAQ: CVET), a global animal health technology and services company dedicated to empowering veterinary practice partners to drive improved health and financial outcomes, has acquired AppointMaster, a provider of the most widely used client relationship management and digital marketing software for veterinary practices.

In connection with the transaction, the sellers retained certain innovative technologies in a newly formed entity, VetPawer, LLC. These products include solutions for automating inbound calls, integrating telephone systems with practice databases, and processing online payments.

Crutchfield Capital advised AppointMaster in this transaction, including negotiating transaction structure and terms, facilitating due diligence activities, and reviewing all documentation prior to closing.

Supreme Integrated Technology, a leading provider of engineered solutions for complex and heavy movable structures, has acquired C.S. Controls, a Louisiana-based manufacturer of specialized systems for military and marine applications. Supreme Integrated Technology operates as a subsidiary of Employee Owned Holdings, a 100% employee-owned conglomerate offering fluid power and automation solutions.

Crutchfield Capital advised Employee Owned Holdings and Supreme Integrated Technology in this transaction, including initiating discussions with C.S. Controls, facilitating due diligence activities, negotiating transaction structure and terms, and reviewing all documentation prior to closing.

HungerRush, an integrated restaurant management system provider, has acquired 9Fold, a New York-based online ordering and digital marketing software company.

Crutchfield Capital advised HungerRush in this transaction, including initiating discussions with 9Fold, facilitating due diligence activities, and negotiating transaction structure and terms.

Incentive Solutions, a provider of B2B channel management and incentive program technology, has acquired OneAffiniti, a channel marketing solutions business.

Crutchfield Capital advised Incentive Solutions in this transaction, including initiating discussions with OneAffiniti, facilitating due diligence activities, and negotiating transaction structure and terms.

PCS Software, a provider of integrated transportation management software for the North American inland trucking industry, has acquired UltraShipTMS, a provider of supply chain management and logistics technology solutions.

Crutchfield Capital advised PCS Software in this transaction, including initiating discussions with UltraShipTMS, facilitating due diligence activities, and negotiating transaction structure and terms.

Warren Equity Partners, a Florida-based private equity firm, has partnered with a team of water industry executives to form USA Water Holdings, LLC and acquire Si Environmental, LLC, a Texas-based provider of water and wastewater operations and maintenance services.

Crutchfield Capital advised the USA Water executive team in this transaction, including executing a letter of intent with Si Environmental, initiating discussions with Warren Equity and other potential equity providers, facilitating due diligence activities, negotiating transaction structure and terms, and reviewing all documentation prior to closing.

HungerRush, an integrated restaurant management system provider, has acquired OrdrAi, a provider of digital ordering systems based on conversational artificial intelligence.

Crutchfield Capital advised HungerRush in this transaction, including initiating discussions with OrdrAi, facilitating due diligence activities, and negotiating transaction structure and terms.

OnPoint Industrial Services, a provider of support services for industrial facility capital projects, has acquired Scope Management Solutions, a materials management service provider for industrial facility projects and turnarounds.

Crutchfield Capital advised OnPoint in this transaction, including initiating discussions with Scope Management, facilitating due diligence activities, and negotiating transaction structure and terms.

CRS Solutions, a provider of integrated point-of-sale solutions for restaurants and other hospitality end markets, has acquired Austin POS, Inc., a point-of-sale solutions provider serving hospitality merchants throughout Central Texas.

Crutchfield Capital advised CRS Solutions in this transaction, including initiating discussions with Austin POS and facilitating due diligence activities.

RCap Equity, a Pennsylvania-based private equity firm, has completed a majority recapitalization of Douglas-Guardian Services Corporation, a provider of loan collateral risk mitigation solutions for asset-based lenders throughout the U.S. and Canada.

Crutchfield Capital advised Douglas-Guardian in this transaction, including initiating discussions with RCap Equity, facilitating due diligence activities, negotiating transaction structure and terms, and reviewing all documentation prior to closing.

OnPoint Industrial Services, a provider of industrial facility turnaround and capital project support services, has acquired Taylor Bus Sales, an industrial transportation business with locations in Kentucky, Tennessee, Louisiana, and Texas.

Crutchfield Capital advised OnPoint Industrial Services in this transaction, including initiating discussions with Taylor Bus Sales, facilitating due diligence activities, and negotiating transaction structure and terms.

The CapStreet Group, a Houston, Texas-based private equity firm, has completed a majority recapitalization of PCS Software, a provider of integrated transportation management software for the North American inland trucking industry.

Crutchfield Capital advised The CapStreet Group in this transaction, including initiating discussions with PCS Software, facilitating due diligence activities, and negotiating transaction structure and terms.

Marco Group International, an integrated provider of surface preparation products and equipment, has acquired Manus Abrasive Systems, a Canadian manufacturer and distributor of surface preparation equipment, abrasive materials, and consumables.

Crutchfield Capital advised Marco Group International in this transaction, including initiating discussions with Manus Abrasive Systems, facilitating due diligence activities, and negotiating transaction structure and terms.

The CapStreet Group, a Houston, Texas-based private equity firm, has completed a majority recapitalization of Revention, a provider of restaurant point-of-sale and management software.

Crutchfield Capital advised The CapStreet Group in this transaction, including initiating discussions with Revention, facilitating due diligence activities, and negotiating transaction structure and terms.

Warren Equity Partners, a Florida-based private equity firm, has completed a majority recapitalization of M&D Distributors, an aftermarket distributor of parts and components for maintaining and repairing diesel-powered engines.

Crutchfield Capital advised M&D Distributors in this transaction, including initiating discussions with Warren Equity Partners, facilitating due diligence activities, negotiating transaction structure and terms, and reviewing all documentation prior to closing.

Marco Group International, an integrated provider of surface preparation products and equipment, has acquired Bell & Mackenzie, a Canadian distributor of specialty abrasives, surface preparation equipment, and related parts and accessories.

Crutchfield Capital advised Marco Group International in this transaction, including initiating discussions with Bell & Mackenzie, facilitating due diligence activities, and negotiating transaction structure and terms.

The CapStreet Group, a Houston, Texas-based private equity firm, has completed a majority recapitalization of Incentive Solutions, a leading B2B incentive management company.

Crutchfield Capital advised The CapStreet Group in this transaction, including initiating discussions with Incentive Solutions, facilitating due diligence activities, and negotiating transaction structure and terms.

Verolme Special Equipment (VSE) has acquired the U.S. operations of Logan Industries from Doedijns Group International.

VSE, headquartered in Moerdijk, The Netherlands, is a world leader in manufacturing high-end process equipment. Its core expertise is building state-of-the-art heat exchangers, pressure vessels, and reactors in the high temperature, high pressure, and high corrosion resistance areas.

Logan Industries is a manufacturer of innovative mechanical and hydraulic systems serving the global oil and gas industry and the U.S. steel and dredging industries.

Crutchfield Capital served as the exclusive North American advisor to VSE.

The CapStreet Group, a Houston, Texas-based private equity firm, has completed a majority recapitalization of CRS Texas, a technology-enabled provider of point-of-sale solutions to restaurant, retail, and hospitality end markets.

Crutchfield Capital advised The CapStreet Group in this transaction, including initiating discussions with CRS Texas, facilitating due diligence activities, and negotiating transaction structure and terms.

T.F. Hudgins, Inc., a provider of engineered product and service solutions for compressors, engines, and other machinery, has acquired Texas Rotating Equipment, a provider of industrial steam turbine and pump maintenance and upgrade services.

Crutchfield Capital advised T.F. Hudgins in this transaction, including initiating discussions with Texas Rotating Equipment, facilitating due diligence activities, and negotiating transaction structure and terms.

Rail Partners Management Group, Seneca Partners, and Uniprop affiliate AllTrans Terminal Cos. LLC have acquired AllTrans Port Services, a break-bulk steel import handler located in the Port of Houston, and Texas Transloaders, an operator of rail-car transloading terminals.

Crutchfield Capital advised AllTrans Port Services and Texas Transloaders in these transactions, including initiating discussions with the buyer group, facilitating due diligence activities, negotiating transaction structure and terms, and reviewing all documentation prior to closing.

The Eads Company, an industrial distributor and manufacturers’ representative, has acquired The Massey Company, a distributor of specialty flow control products.

Crutchfield Capital advised The Eads Company in this transaction, including initiating discussions with The Massey Company, facilitating due diligence activities, and negotiating transaction structure and terms.

Lowe’s Companies, Inc. (NYSE: LOW), a hardware and home improvement retailer, has acquired Maintenance Supply Headquarters, LP, a distributor of maintenance, repair, and operations products to the multifamily housing industry.

Crutchfield Capital advised Maintenance Supply Headquarters in this transaction, including engaging in discussions with Lowe’s, facilitating due diligence activities, negotiating transaction structure and terms, and reviewing all documentation prior to closing.

L.B. Foster Company (NASDAQ: FSTR), a provider of transportation and construction materials, has acquired Chemtec Energy Services, LLC, a manufacturer and service provider of oil and gas measurement solutions.

Crutchfield Capital advised Chemtec in this transaction, including initiating discussions with L.B. Foster, facilitating due diligence activities, negotiating transaction structure and terms, and reviewing all documentation prior to closing.

Gulf Stream Marine, Inc. is the largest nonunion stevedore in the Port of Houston and one of the largest privately owned stevedores in the U.S. Gulf Coast region. Operating at seven terminals in four Texas ports, Gulf Stream specializes in marine terminal operations and break bulk, heavy lift and container cargo.

Crutchfield Capital advised Gulf Stream in this recapitalization transaction, including performing a comprehensive marketing process, negotiating transaction structure and terms, facilitating due diligence activities, and reviewing all documentation prior to closing.

The CapStreet Group, a Houston, Texas-based private equity firm, has completed a majority recapitalization of Marco Group International, a manufacturer and distributor of surface preparation products and equipment.

Crutchfield Capital advised The CapStreet Group in this transaction, including initiating discussions with Marco Group International, facilitating due diligence activities, and negotiating transaction structure and terms.

Chemcentral Corporation, the world’s largest privately held distributor of industrial chemicals, has acquired Southwest Solvents & Chemicals, a Houston-based chemical distribution company with multiple terminals in Texas and California.

Crutchfield Capital advised Southwest Solvents in this transaction, including negotiating transaction structure and terms, facilitating due diligence activities, and reviewing all documentation prior to closing.

Schlumberger Limited, the world’s largest oilfield services company, has acquired K&M Technology Group, LLP, an engineering, training and consulting firm specializing in extended reach oil and gas drilling.

Crutchfield Capital advised K&M in this transaction, including initiating discussions with Schlumberger, facilitating due diligence activities, negotiating transaction structure and terms, and reviewing all documentation prior to closing.

Doedijns International, a Netherlands-based supplier of hydraulic equipment for the energy and maritime industries, has acquired Logan Industries, a Houston-based heavy hydraulic equipment supplier for the offshore oil and gas industry.

Crutchfield Capital advised Doedijns International in the transaction, including facilitating due diligence activities, negotiating transaction structure and terms, and reviewing all documentation prior to closing.

GHX, Incorporated is a fabricating distributor of industrial fluid sealing and transfer products. The company’s product lines include rubber, metal, composite and hydraulic hose assemblies; metallic and non-metallic gaskets; couplings; and fasteners.

Crutchfield Capital advised GHX in a majority recapitalization transaction, including negotiating transaction structure and terms with the institutional investor, facilitating due diligence activities, and reviewing all documentation prior to closing.

T.F. Hudgins, Inc., a provider of engineered product and service solutions for compressors, engines, and other machinery, has merged with Allied Reliability, Inc., a provider of reliability solutions, maintenance and reliability engineering, asset health management, and condition monitoring.

Crutchfield Capital advised T.F. Hudgins in this transaction, including initiating discussions with Allied Reliability and facilitating due diligence activities.

Wood Group, an international energy services firm headquartered in Aberdeen, Scotland, has acquired Multiphase Solutions, Inc., a Houston-based engineering, consulting, and software development company focused on the monitoring, control, and optimization of oil and gas pipelines and production facilities.

Crutchfield Capital advised Multiphase Solutions in this transaction, including initiating discussions with Wood Group, facilitating due diligence activities, negotiating transaction structure and terms, and reviewing all documentation prior to closing.

PGI International, Inc., a manufacturer of precision machined parts and electronic systems for the energy and agricultural industries, has acquired Drilling & Production Resources, Inc. (“DPR”), a designer and manufacturer of high-pressure manifold and piping systems for the oil and gas drilling industry.

Crutchfield Capital advised DPR in the transaction, including initiating discussions with PGI, facilitating due diligence activities, negotiating transaction structure and terms, and reviewing all documentation.

The Eads Company, an industrial distributor and manufacturers’ representative, has acquired JB Systems, a distributor of oil and fuel filtration products.

Crutchfield Capital advised The Eads Company in this transaction, including initiating discussions with JB Systems, facilitating due diligence activities, and negotiating transaction structure and terms.

NATCO Group, Inc., a publicly traded provider of oil and gas well head process equipment, has acquired Linco-Electromatic, Inc., a designer, manufacturer and distributor of equipment used to measure the custody transfer of hydrocarbons.

Crutchfield Capital advised Linco-Electromatic in this transaction, including initiating discussions with NATCO, facilitating due diligence activities, negotiating transaction structure and terms, and reviewing all documentation prior to closing.

Mistras Group, Inc. (NYSE: MG), a provider of asset protection solutions, has acquired Materials Evaluation & Technology Corporation (“METCO”), a leading provider of materials services, including non-destructive testing and inspection, metallography, metallurgical engineering, and destructive metals and weld testing.

Crutchfield Capital advised METCO in this transaction, including initiating discussions with Mistras, facilitating due diligence activities, negotiating transaction structure and terms, and reviewing all documentation prior to closing.

JV Industrial Companies, Ltd. is a provider of turnaround services to refineries, petrochemical plants and other industrial process facilities. Services include specialty welding; maintenance, modification and replacement of towers and columns; pressure vessel maintenance and repair; and bolting and machining.

Crutchfield Capital represented JV Industrial in arranging an equity investment, including initiating discussions with the institutional investor and negotiating transaction structure and terms.

Sunbelt Steel Texas, Inc. is a Houston-based value-added steel distributor and service center, with a concentration in specialty alloy steel bar and heavy wall tubular products.

Crutchfield Capital advised Sunbelt Steel in a majority recapitalization transaction, including initiating discussions with the institutional investor, negotiating transaction structure and terms, facilitating due diligence activities, and reviewing all documentation prior to closing.

Ruel Smith Transportation Services, Inc. is a flatbed trucking and logistics services company with operations throughout the United States.

Crutchfield Capital provided advisory services regarding the company’s capital structure, potential exit strategies and other strategic alternatives.

First Cash is a leading publicly-traded operator of retail-based pawn and consumer finance stores in the United States and Mexico.

Crutchfield Capital provided the company’s Board of Directors with a fairness opinion regarding the purchase of certain pawnshops from parties affiliated with First Cash.

E.T.I. Financial Corporation provides financing for automobile insurance premiums to individuals and businesses throughout the United States.

Crutchfield Capital represented E.T.I. in arranging a revolving credit facility, including initiating discussions with the lender, facilitating due diligence activities, negotiating transaction structure and terms, and reviewing all documentation prior to closing.

Dubose Model Homes USA, a corporate entity established by private investors for this transaction, has acquired Dubose Model Home Company, one of the nation’s largest companies involved in the purchase and leaseback of residential model homes.

Crutchfield Capital advised Dubose Model Home Company is this transaction, including identifying and initiating discussions with the acquirer, facilitating due diligence activities, negotiating transaction structure and terms, and reviewing all documentation prior to closing.

Harvard Teleservices provides state-of-the-art call center services with predictive outbound, inbound and call blending technology for major U.S. corporations.

Crutchfield Capital represented Harvard Teleservices in arranging an equity investment, including initiating the transaction with the institutional investor, facilitating due diligence activities, negotiating transaction structure and terms, and reviewing all documentation prior to closing.

Amerisource Funding, Inc. provides financing for businesses throughout the United States, primarily through the discounted purchase of commercial accounts receivable.

Crutchfield Capital represented Amerisource in successfully arranging a revolving credit facility, including initiating discussions with the lender, negotiating transaction structure and terms, and reviewing all documentation prior to closing.

Alta Colleges, Inc., operator of the for-profit Westwood Colleges, has acquired Northrop Rice USA, Inc., the nation’s largest owner and operator of aircraft maintenance certification schools.

Crutchfield Capital advised Northrop Rice in this transaction, including initiating discussions with Alta Colleges, facilitating due diligence activities, negotiating transaction structure and terms, and reviewing all documentation prior to closing.

Forsythe Transportation, Inc., a provider of school bus and public transportation services, has acquired the Alaskan operations of First Student, Inc., a subsidiary of FirstGroup, PLC, a publicly traded bus and rail transportation company headquartered in London.

Crutchfield Capital advised Forsythe Transportation in this transaction, including performing a comprehensive buy-side acquisition search, initiating discussions with First Student, facilitating due diligence activities, and advising on transaction structure and terms.

Mobius Risk Group LLC is a risk management and business process outsourcing company that provides advisory services to companies, utilities and municipalities. The company counsels on commodities such as natural gas, crude oil, electricity, plastics, metals and carbon emissions.

Crutchfield Capital conducted an independent analysis of Mobius to express an opinion on the fair market value, on a going-concern basis, of the entirety of the company’s Membership Interests.

CoWorx Staffing Services is a national commercial staffing company founded in 1974 in Highland Park, New Jersey. CoWorx offers services such as full-time staffing, innovative outsourcing, employee payrolling programs, and executive recruitment.

HT Staffing Houston, LLC is a Houston-based commercial staffing subsidiary of Austin-based HT Staffing.

Crutchfield Capital advised CoWorx in the acquisition of HT Staffing Houston, including performing a comprehensive buy-side acquisition search, negotiating the transaction, and assisting in document review prior to closing.

Craig Trenching Ltd., a corporate entity established for this transaction, has acquired the assets of Trencher Equipment, Ltd. d/b/a Ditch Witch of Houston, a distributorship of The Charles Machine Works’ line of “Ditch Witch” construction equipment.

Crutchfield Capital advised Craig Trenching Ltd. in this transaction, including performing a comprehensive buy-side acquisition search, facilitating due diligence activities, and reviewing all documentation prior to closing.

American Securities Capital Partners, L.P., a New York-based private equity firm, has acquired Westward Communications, L.P., a publisher of 59 community newspapers in high-growth suburban markets.

Crutchfield Capital advised American Securities in this transaction, including identifying and initiating discussions with Westward Communications.

Cerberus Capital Management, a private equity group, acquired Outsource International, a national commercial staffing company that had filed for bankruptcy protection.

Crutchfield Capital principals* advised Outsource International in a Section 363 bankruptcy sale transaction, including performing a comprehensive marketing process, facilitating due diligence activities, negotiating transaction structure and terms, and reviewing all documentation prior to closing.

* Completed by Crutchfield Capital principals at prior firms.

Bartech Group, a privately held professional staffing firm, acquired RDS, Inc., a financially distressed technical staffing company serving the automotive industry.

Crutchfield Capital principals* advised RDS in this transaction, including performing a comprehensive marketing process, facilitating due diligence activities, negotiating transaction structure and terms, and reviewing all documentation prior to closing.

* Completed by Crutchfield Capital principals at prior firms.

FutureCall Telemarketing, a financially distressed outbound call center based in Colorado, was acquired by a private investor group.

Crutchfield Capital principals* advised FutureCall in this transaction, including performing a comprehensive marketing process, facilitating due diligence activities, negotiating transaction structure and terms, and reviewing all documentation prior to closing.

* Completed by Crutchfield Capital principals at prior firms.

National Express Corporation, a UK-based transit and school bus service provider, has acquired the public transit assets of Forsythe Transportation, Inc., a Texas-based public transit and school bus contractor with operations in Virginia, Pennsylvania and California.

Crutchfield Capital advised Forsythe Transportation in this transaction, including performing a comprehensive marketing process, facilitating due diligence activities, negotiating transaction structure and terms, and reviewing all documentation prior to closing.

The Eads Company is a distributor and manufacturers’ representative that provides engineered products and application-specific solutions. From locations throughout Texas, Georgia, and Oklahoma, the company supplies and supports leading lines of filtration and separation, instrumentation and controls, specialty valving, steam, and specialty process equipment.

Crutchfield Capital conducted an independent analysis of The Eads Company to express an opinion on the enterprise value of the company.

The Eads Company is a distributor and manufacturers’ representative that provides engineered products and application-specific solutions.

EPSCO International is a value-added specialty distributor of corrosion-resistant and non-metallic products.

Crutchfield Capital provided the companies’ Boards of Directors with a fairness opinion regarding the merger of The Eads Company and EPSCO International.

EPSCO International is a value-added specialty distributor of corrosion-resistant and non-metallic products. From facilities in Texas and Louisiana, the company sells to a blue-chip industrial customer base consisting primarily of chemical processing facilities along the U.S. Gulf Coast.

Crutchfield Capital conducted an independent analysis of EPSCO International to express an opinion on the enterprise value of the company.

Mankwitz Kurtz Investments, a Colorado-based private equity firm, has acquired Claire Burke, North America’s largest supplier of upscale home fragrance products such as potpourri, vapourri, fragrance diffusers, candles and simmering oil.

Crutchfield Capital advised Claire Burke in this transaction, including identifying and initiating discussions with Mankwitz Kurtz, facilitating due diligence activities, negotiating transaction structure and terms, and reviewing all documentation prior to closing.

Southern Pipe, Inc. is engaged in the manufacture and sale of extruded polyvinyl chloride products and conduit. Its customers are electric utilities and wholesale electrical supply dealers, the latter of which primarily serve the commercial construction industry.

Crutchfield Capital conducted an independent analysis of Southern Pipe to express an opinion on the fair market value, on a going-concern basis, of a single non-controlling share of Southern Pipe common stock.

Houma Armature Works & Supply, Inc., an electrical products sales and service company, has acquired GHX Power Systems, LLC, a distributor of electrical motors, generators, drives and pumps.

Crutchfield Capital advised GHX Power Systems in the transaction, including initiating discussions with Houma Armature Works, facilitating due diligence activities, negotiating transaction structure and terms, and reviewing all documentation prior to closing.

Corella Electric Wire and Cable, Inc. is a manufacturer of plastic insulated cable used in the telecommunications industry.

Crutchfield Capital represented Corella Electric in arranging a working capital credit facility and a term loan commitment, including initiating the transaction with the lender, facilitating due diligence activities, negotiating transaction structure and terms, and reviewing all documentation prior to closing.

True Home Value, Inc. is the successor entity to ThermoView Industries, Inc., the nation’s fourth-largest retailer and installer of home improvement products, including composite replacement windows and doors, vinyl siding, cabinet refacings, patio desks and enclosures, and textured coatings.

Crutchfield Capital represented THV in a debt recapitalization, including initiating discussions with the institutional lender, negotiating transaction structure and terms, facilitating due diligence activities, and reviewing all documentation prior to closing.

Sci-Tech Plastics Group, LLC has acquired the Golston Company, the largest U.S. manufacturer of plastic carriers for pneumatic tube systems.

Crutchfield Capital advised Golston in this transaction, including identifying and initiating discussions with Sci-Tech, facilitating due diligence activities, negotiating transaction structure and terms, and reviewing all documentation prior to closing.

Harvard Custom Manufacturing, LLC, an electronics and cable systems contract manufacturer, was established in a management-led buyout of a Northrop Grumman Corporation division.

Crutchfield Capital represented Harvard Custom Manufacturing in arranging an equity investment, including initiating the transaction with the institutional investor, facilitating due diligence activities, negotiating transaction structure and terms, and reviewing all documentation prior to closing.

Cosmetic Essence, Inc., a portfolio company of Brockway Moran & Partners, has acquired the Kid Care division of Belae Brands, Inc.

Kid Care is a leading provider of children’s personal care products, utilizing well-known licenses such as Scooby-Doo, Hello Kitty, Powerpuff Girls and Hot Wheels.

Crutchfield Capital advised Belae Brands in this transaction, including identifying and initiating discussions with Brockway Moran, facilitating due diligence activities, negotiating transaction structure and terms, and reviewing all documentation prior to closing.

ThermoView Industries, Inc. is the nation’s fourth-largest retailer and installer of home improvement products, including composite replacement windows and doors, vinyl siding, cabinet refacings, patio desks and enclosures, and textured coatings.

Crutchfield Capital conducted a comprehensive assessment of strategic options for ThermoView. The company was sold to a financial buyer under Section 363 of the U.S. Bankruptcy Code.

Crutchfield Capital assisted ThermoView in structuring the bidding procedures, negotiating a “stalking horse” asset purchase agreement, providing support in presentations to the U.S. Bankruptcy Court, and marketing the company’s assets to potential bidders.

Pump & Power Equipment, a Houston-based supplier of pumps, motors and controls, has been recapitalized by a Houston-based private investor group.

Crutchfield Capital advised the investor group in this transaction, including performing a comprehensive search, initiating discussions with Pump & Power Equipment, facilitating due diligence activities, and advising on transaction structure and terms.

Western International Gas & Cylinders, Inc. is a manufacturer and wholesale distributor of industrial gases in the United States. The company’s principal product is acetylene, which is manufactured, compressed into cylinders and distributed to major industrial clients and independent distributors.

Crutchfield Capital conducted an independent analysis of the company to express an opinion on the fair market value, on a going-concern basis, of 100% of Western’s common stock.

Rose Art Industries, Inc., one of the nation’s leading manufacturers of art and craft products, has acquired Moon Products, Inc., a manufacturer and distributor of decorative pencils, pens and erasers.

Crutchfield Capital advised Moon Products in this transaction, including identifying and initiating discussions with Rose Art, facilitating due diligence activities, negotiating transaction structure and terms, and reviewing all documentation prior to closing.

Creative Resource Group, LLC, a provider of industrial facility maintenance, turnaround, and capital project services, has acquired WTMC, Inc., a provider of project controls personnel, turnaround training, and facility support services.

Crutchfield Capital advised Creative Resource Group in this transaction, including initiating discussions with WTMC, facilitating due diligence activities, negotiating transaction structure and terms, and reviewing all documentation prior to closing.

ENGlobal Corporation, a publicly traded engineering and professional services firm, has acquired Control Dynamics International, a designer and manufacturer of industrial automation control systems used primarily in the upstream segment of the energy industry.

Crutchfield Capital advised Control Dynamics in the transaction, including initiating discussions with ENGlobal, facilitating due diligence activities, negotiating transaction structure and terms, and reviewing all documentation prior to closing.

T.F. Hudgins, Inc., a provider of engineered product and service solutions, has acquired Jamison Products, L.P., a provider of engineered pipeline and filtration products used in a wide range of gas and fluid handling applications.

Crutchfield Capital advised Jamison Products in this transaction, including initiating discussions with T.F. Hudgins, facilitating due diligence activities, negotiating transaction structure and terms, and reviewing all documentation prior to closing.

ExxonMobil Corporation is the world’s largest integrated oil and gas company.

Crutchfield Capital advised Exxon and its independent retail service station owners on financing alternatives for purchasing U.S. locations, including negotiating and structuring a credit-enhanced funding mechanism with institutional lenders.

Energy Maintenance Services Group I, LLC, a provider of operations and maintenance services to the energy industry, has acquired Production Instruments Sales and Service, Inc. d/b/a Croft Services, a provider of flow measurement and gas control products, services and systems to oil and gas producers.

Crutchfield Capital advised Croft Services in this transaction, including identifying and initiating discussions with the acquirer, facilitating due diligence activities, negotiating transaction structure and terms, and reviewing all documentation prior to closing.

DWD International is a Houston-based firm involved in the design, manufacture and service of heating, ventilation, air conditioning, chemical filtration, and pressurization systems for oil and gas operations.

Crutchfield Capital assisted DWD in a majority recapitalization transaction, including performing a comprehensive marketing process, negotiating transaction structure and terms, facilitating due diligence activities, and reviewing all documentation prior to closing.

With 40 locations, Nationwide Vision Center, P.C. is the largest independent retail optical eyewear and LASIK surgery company in the state of Arizona.

Crutchfield Capital represented Nationwide Vision in arranging subordinated debt financing, including initiating discussions with the lender, facilitating due diligence activities, negotiating transaction structure and terms, and reviewing all documentation prior to closing.

Adecco Group, the world’s largest staffing company, acquired TalentTrack, a rapidly growing recruitment process outsourcing company specializing in the healthcare industry.

Crutchfield Capital principals* advised TalentTrack in this transaction, including performing a comprehensive marketing process, facilitating due diligence activities, negotiating transaction structure and terms, and reviewing all documentation prior to closing.

* Completed by Crutchfield Capital principals at prior firms.

Alick’s Home Medical Equipment, Inc. is a home medical equipment company with headquarters in Elkhart, Indiana. The company sells a full range of home medical equipment and supplies including wheelchairs, hospital beds, scooters, lift chairs, and respiratory equipment.

Crutchfield Capital conducted an independent analysis of Alick’s to express an opinion on the fair market value of the company.

Medicus Partners, LP and The MD Firm, Inc. merged their operations under The Medicus Firm, LLC. With approximately 70 associates, the new company offers physician services, marketing, sourcing and staffing data to hospitals and medical employees.

Crutchfield Capital served as the exclusive advisor to both parties in the transaction regarding due diligence, transaction terms, integration and governance.

Clark Consulting Inc., an executive compensation and benefits consulting firm, has acquired MedEx, Inc., one of the nation’s five largest wholesale providers of medical stop-loss insurance, and its affiliate Argos Advantage, Inc., a utilization management company.

Crutchfield Capital advised MedEx and Argos in this transaction, including identifying and initiating discussions with Clark Consulting, facilitating due diligence activities, negotiating transaction structure and terms, and reviewing all documentation prior to closing.

Advantis Healthcare Solutions, Inc. is a Houston-based full-service healthcare staffing agency.

Interim Healthcare is the largest healthcare franchise company in the nation with 300 locations in 43 states.

Crutchfield Capital advised Advantis in the acquisition of the occupational therapy nurse staffing division of Interim, including performing a comprehensive buy-side acquisition search, evaluating Interim’s occupational therapy division, facilitating the negotiation, and assisting in document review prior to closing.

Integrated Security Systems, Inc. designs, distributes and services security and traffic control products used in the commercial, industrial and government sectors.

Crutchfield Capital represented ISSI in arranging a working capital credit facility and term notes, including initiating discussions with the lender, facilitating due diligence activities, negotiating transaction structure and terms, and reviewing all documentation prior to closing.

ViewSonic Corporation is the world’s largest independent display technology company with leading positions in computer monitors, flat panel displays, projectors and Internet appliances.

Crutchfield Capital represented ViewSonic in arranging a revolving credit facility, including initiating discussions with the lender, facilitating due diligence activities, negotiating transaction structure and terms, and reviewing all documentation prior to closing.

Delphi Display Systems, Inc. produces electronic outdoor display systems for point of sale interfaces, billboards, kiosks and other applications.

Crutchfield Capital represented Delphi in arranging an institutional equity investment, including initiating discussions with the investor, negotiating transaction structure and terms, facilitating due diligence activities, and reviewing all documentation prior to closing.

NRG Manufacturing is a Houston-based firm involved in the design, engineering, fabrication, assembly and testing of custom engineered equipment used primarily in the production, distribution and processing of oil and gas.

Crutchfield Capital advised NRG in a majority recapitalization transaction, including performing a comprehensive marketing process, negotiating transaction structure and terms, facilitating due diligence activities, and reviewing all documentation prior to closing.

HCS Group GmbH, a German corporation, has acquired Shu-Chem, Inc., a manufacturer of chemicals used in inks, coatings, cosmetics, pharmaceuticals, and other industrial products.

Crutchfield Capital advised Shu-Chem in this transaction, including initiating discussions with HCS Group, facilitating due diligence activities, negotiating transaction structure and terms, and reviewing all documentation prior to closing.