--- title: "Petrochemical Services Private Equity Firm | Capstreet" description: "Capstreet invests in technical maintenance providers for petrochemical plants and in the wider chemical industry. Review the thesis, fit and portfolio." url: https://capstreet.multisites.ai/industries/petrochemical-and-chemical publisher: Capstreet phone: +1-713-332-2700 contact: https://capstreet.multisites.ai/contact --- # Petrochemical and chemical industry private equity Capstreet says U.S. petrochemical production capacity has surged over the past 5 to 10 years, creating a need for technical maintenance providers. It also sees chemicals used across the economy and rising demand for sustainability. The firm has several current investments and active themes here. IndustryUpdated November 10, 20264 min read ![Portfolio company leaders at Capstreet’s 2023 CEO and CFO summit](https://capstreet.multisites.ai/_astro/ceo-summit-awards.RPn2Lp5__1amMTd.webp) ## Capacity surge Capstreet cites a surge in U.S. petrochemical production capacity in the past 5-10 years. ## Maintenance need That growth creates demand for technical maintenance providers to service the plants. ## Six portfolio companies Two are current (Onpoint, Analytic Stress) and four are realized. ## Why does Capstreet invest in petrochemical and chemical? Capstreet sees new petrochemical capacity that needs technical maintenance providers. It also sees chemicals as a critical input to hundreds of products, with rising demand for sustainability. Capstreet states its view this way on its [What We Do](https://capstreet.multisites.ai/what-we-do) page: > We believe the U.S. has seen a surge in investment in petrochemical production capacity in the past 5-10 years, creating a need for technical maintenance providers to service these plants. Additionally, the usage of chemicals is ubiquitous in the U.S. economy as it is a critical input to hundreds of critical and regularly used products. Demand is increasing for the industry to become more sustainable. Capstreet has several current investments and active themes in this industry. The firm states that it has several current investments and active themes here, which signals that it is still looking. The thesis has two layers. The first is maintenance services for plants. The second is the wider chemical industry and its push to become more sustainable. If your company serves either layer, you are in range. ## What kinds of petrochemical and chemical businesses fit Capstreet? A fit is a technical maintenance provider that services petrochemical plants, or a business serving the wider chemical industry. Capstreet is open to both and has current investments here. Area What Capstreet describes Technical maintenance Providers that service petrochemical plants Safety, logistics and planning Support for complex maintenance work in refining and petrochemical Heat treatment Services that help ensure the integrity of metal infrastructure Flow control and sealing distribution Distribution to petrochemical, refining and chemical customers Equipment rental Rentals used in turnaround and maintenance operations Every row after the first comes from a portfolio company description, not from the thesis paragraph. The firm’s industrial work also includes critical maintenance and value-added distribution. Compare your company with its [criteria](https://capstreet.multisites.ai/deal-criteria). ## How do Capstreet’s criteria apply to petrochemical and chemical companies? Capstreet publishes five criteria, and they apply to petrochemical and chemical owners the same way they apply to every other industry. Each one is listed below. - Entrepreneur-owned businesses services companies - $3 to $15 million of EBITDA - Primarily majority investments - Entrepreneurs reinvest alongside Capstreet - Ability to apply the Capvalue Framework® The firm also says it looks for “a tenured team of owners or managers seeking a majority capital partner, with solid financials, a defensive business model, untapped growth potential, and competitive advantages within their market niche.” Plants need maintenance on a schedule, which can make revenue steady, and trained crews and safety records are hard to copy. Those are the kind of defensive and competitive features Capstreet describes. This is our reading, not a Capstreet claim. Its $3 to $15 million EBITDA range sits in what many call the [lower middle market](https://capstreet.multisites.ai/glossary/lower-middle-market). Capstreet’s approach often uses [buy and build](https://capstreet.multisites.ai/glossary/buy-and-build): buy a platform, then add companies to it. An [add-on acquisition](https://capstreet.multisites.ai/glossary/add-on-acquisition) is a smaller company that a platform buys and folds in. ## Which petrochemical and chemical companies has Capstreet backed? Capstreet lists many companies that serve petrochemical, refining and chemical customers. Their published status is shown below. Status is shown as Capstreet publishes it on its [portfolio](https://capstreet.multisites.ai/our-companies) pages. - **[Onpoint](https://capstreet.multisites.ai/portfolio/onpoint)**: Current, Fund IV. A specialized provider of safety, logistics and planning services for complex maintenance activities in the refining and petrochemical industries. Founded in 2005 and headquartered in Deer Park, Texas. - **[Analytic Stress](https://capstreet.multisites.ai/portfolio/analytic-stress)**: Current. Analytic Stress Relieving provides heat treatment services across the industrial sector, with a particular focus on petrochemical, refining and power markets. - **[Thorpe Plant Maintenance & Engineering](https://capstreet.multisites.ai/portfolio/thorpe)**: Past, Fund III. A North American multi-craft industrial service provider to the petrochemical, refining and industrial markets. - **[Eads Distribution](https://capstreet.multisites.ai/portfolio/eads-distribution)**: Past, Fund III. A Houston-based industrial distributor of flow control products serving petrochemical, refining and other industrial markets. Acquired by FCX Performance, Inc. in 2017. - **[GHX](https://capstreet.multisites.ai/portfolio/ghx)**: Past, Fund III. A distributor of industrial gaskets, hoses and related fluid sealing products to refining, chemical and petrochemical customers, among others. Acquired by United Central Supply in 2012. - **[Sprint Industrial](https://capstreet.multisites.ai/portfolio/sprint-industrial)**: Past, Fund II. A provider of industrial equipment rentals for turnaround and maintenance operations in refining, petrochemical and oilfield service. Acquired by First Atlantic Capital in 2007. Capstreet publishes a case study you can read: [Eads](https://capstreet.multisites.ai/cases/eads). It describes what the company did, not what investors earned. ## What does Capstreet do after it invests? Capstreet applies its [Capvalue Framework®](https://capstreet.multisites.ai/building-greatness) in three steps: Research, Build Scalable Platform, and Drive Business Transformation. Across its history, the firm reports 50+ Platform Acquisitions and 200+ Add-on Acquisitions. 1. **Research.** Perform deep research to identify markets and build relationships with key entrepreneurs. 2. **Build Scalable Platform.** Invest in top talent and technologies, and provide functional expertise for scale. 3. **Drive Business Transformation.** Develop a long-term strategic roadmap and execute a buy and build strategy. A second case study covers [GHX](https://capstreet.multisites.ai/cases/ghx), which grew from 7 to 39 branches and completed nine acquisitions. For more on why the firm likes this region, read its insight on [industrial investing](https://capstreet.multisites.ai/insights/industrial-insights-why-capstreet-invests-in-this-growing-sector). There can be no guarantee that Capstreet will be successful in applying its Capvalue Framework®. ## Next step If your company serves petrochemical and chemical, read the full [deal criteria](https://capstreet.multisites.ai/deal-criteria), then start a confidential conversation through the [contact page](https://capstreet.multisites.ai/contact). You can also call 713-332-2700 or email [connect@capstreet.com](mailto:connect@capstreet.com). See all [industries](https://capstreet.multisites.ai/industries) Capstreet lists. ## Frequently asked questions ### What petrochemical companies does Capstreet invest in? Capstreet invests in technical maintenance providers that service petrochemical plants and in other businesses serving the chemical industry. Its portfolio includes safety, heat treatment, distribution and equipment rental companies. Owners should also meet the firm's criteria, including $3 to $15 million of EBITDA. ### Does Capstreet invest in chemical manufacturers? Capstreet's published thesis focuses on maintenance providers for petrochemical plants and on the chemical industry's needs, such as sustainability. It describes companies that service the industry, not plant owners. Ask the firm directly if you make chemicals. ### Which portfolio companies serve petrochemical customers? Current: Onpoint and Analytic Stress. Past: Thorpe, Eads Distribution, GHX and Sprint Industrial. Each page shows the company's published description and status. Capstreet also publishes case studies on Eads and GHX. Status is shown as the firm publishes it. ### Is Capstreet still active in petrochemical? Yes, by its own statement. Capstreet says it has several current investments and active themes in the petrochemical and chemical industry. Onpoint and Analytic Stress are listed as current. The firm invites owners to reach out. ## Terms on this page - [Lower Middle Market](https://capstreet.multisites.ai/glossary/lower-middle-market) - [Add-On Acquisition](https://capstreet.multisites.ai/glossary/add-on-acquisition) - [Buy and Build](https://capstreet.multisites.ai/glossary/buy-and-build) - [EBITDA](https://capstreet.multisites.ai/glossary/ebitda) ## Petrochemical & Chemical companies we have backed - [**Analytic Stress**Current · Industrial Distribution and Services](https://capstreet.multisites.ai/portfolio/analytic-stress) - [**EADS Distribution**Realized · Industrial Distribution and Services](https://capstreet.multisites.ai/portfolio/eads-distribution) - [**GHX**Realized · Industrial Distribution and Services](https://capstreet.multisites.ai/portfolio/ghx) - [**Onpoint**Current · Industrial Distribution and Services](https://capstreet.multisites.ai/portfolio/onpoint) - [**Sprint Industrial**Realized · Industrial Distribution and Services](https://capstreet.multisites.ai/portfolio/sprint-industrial) - [**Thorpe Plant Maintenance & Engineering**Realized · Industrial Distribution and Services](https://capstreet.multisites.ai/portfolio/thorpe) ## Keep reading - [Marine industry private equity for product and service businessesCapstreet has a history of working with businesses that serve the marine industry with both products and services. Its marine knowledge overlaps with its broader transportation and logistics experience. The firm believes it is well positioned to help marine-serving businesses scale profitably. It looks for owners with $3 to $15 million of EBITDA.](https://capstreet.multisites.ai/industries/marine) - [Power and utility maintenance services private equityCapstreet believes decades of underinvestment in the electric grid create an imperative to upgrade and maintain existing infrastructure. The firm has several active themes in power and utility and a long history of scaling maintenance services businesses. It looks for owners with $3 to $15 million of EBITDA.](https://capstreet.multisites.ai/industries/power-and-utility) - [Capstreet deal criteria: the companies we look forCapstreet looks for entrepreneur-owned business services companies with $3 to $15 million of EBITDA. We make primarily majority investments, and entrepreneurs reinvest alongside Capstreet. We want a tenured team, solid financials, a defensive business model, untapped growth potential and a niche advantage. We invest across 12 industries.](https://capstreet.multisites.ai/deal-criteria) - [Government technology (GovTech) private equityCapstreet believes government technology is behind on adoption but could gain large efficiency from specialized vertical software. It says GovTech shares the attractive traits of other stable, regulated industries where the firm knows how to help businesses scale. It looks for owners with $3 to $15 million of EBITDA.](https://capstreet.multisites.ai/industries/government) - [Healthcare private equity for business services ownersCapstreet invests in business-to-business healthcare companies that help providers and payers run more efficiently. The firm names compliance, revenue cycle management and practice management software as its focus areas. Owners should have $3 to $15 million of EBITDA and want a majority capital partner.](https://capstreet.multisites.ai/industries/healthcare) - [Insurtech private equity for carrier-focused companiesCapstreet invests in insurtech businesses that improve how insurance carriers operate. It looks for technology-enabled services and software in digital sales enablement, underwriting, service and administration, and claims management. Owners should have $3 to $15 million of EBITDA and want a majority capital partner.](https://capstreet.multisites.ai/industries/insurance) ## Ready to get started? Let’s talk. Tell us about your company and what you want next. Conversations are private, and there is no obligation. [Start a conversation](https://capstreet.multisites.ai/contact) [(713) 332-2700](tel:+1-713-332-2700)[connect@capstreet.com](mailto:connect@capstreet.com) ![Capstreet team members at a Houston elementary school for Houston Reads Day](https://capstreet.multisites.ai/_astro/houston-reads-day.DxNd9bIr_tggWP.webp)