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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.