MML Capital, a middle-market private equity firm, has bought OnPoint, a provider of safety, logistics and planning services to support maintenance projects in the refining and petrochemical industries, from Capstreet.
OnPoint offers a suite of support services to help its customers to manage maintenance projects efficiently and safely. Based in Deer Park, Texas, OnPoint’s services include project planning and coordination, transportation and logistics, materials management and safety services.
“OnPoint has transformed over the last few years, adding the services and skills demanded by an evolving industry,” says Liz Clark, CEO of OnPoint. “It has been a pleasure working with the Capstreet team to drive this change and expand the company, and we are excited about what lies ahead.”
Willkie Farr & Gallagher served as legal counsel and BlackArch Partners was the financial advisor for Capstreet. Stellus Capital Management provided senior debt financing for this transaction.