KLH Capital, a Tampa-based private equity firm, has purchased Thorpe Specialty Services, a maintenance and engineering services provider for petrochemical and industrial markets, from The Capstreet Group.
Thorpe delivers critical, skilled craft services and custom fabricated products to firms in high-temperature, severe services, caustic, acidic, and highly corrosive environments. The firm serves Fortune 500 companies and independent producers within the power, gas, and energy industries.
“Through our partnership with management, Capstreet helped Thorpe transform its business by strengthening its leadership team, improving operations, and expanding its service offerings, ultimately enabling the Company to better serve its customers,” said George Kelly, managing partner at Capstreet. “We’re pleased with this positive outcome and wish the Thorpe team the best of luck as they seek further growth.”
Willkie Farr & Gallagher LLP served as legal counsel and GulfStar Group was the financial advisor for Capstreet.