--- title: "Onpoint Acquires Scope Management Solutions, Bolsters Materials Management" description: "DEER PARK, TEXAS (October 26, 2020), Onpoint Industrial Services is pleased to announce its strategic acquisition of Scope Management Solutions, based in..." url: https://capstreet.multisites.ai/news/onpoint-acquires-scope-management-solutions-bolsters-materials-management publisher: Capstreet phone: +1-713-332-2700 contact: https://capstreet.multisites.ai/contact --- # Onpoint Acquires Scope Management Solutions, Bolsters Materials Management Industrial servicesPublished October 26, 20203 min read ![Capstreet team members at Houston Reads Day](https://capstreet.multisites.ai/_astro/houston-reads-day.DxNd9bIr_Z23gxjt.webp) **DEER PARK, TEXAS (October 26, 2020)** – Onpoint Industrial Services is pleased to announce its strategic acquisition of Scope Management Solutions, based in Santa Fe, Texas. Beginning on September 1, 2020, Onpoint Industrial Services absorbed all operations, services and customer accounts under the Scope Management Solutions brand. This acquisition affords the opportunity to increase value for both companies, widening the scope of turnaround services available to customers. As a strong leader in materials management for turnarounds and capital projects, the integration of Scope Management Solutions was a natural fit for Onpoint Industrial Services. Joining efforts allows both entities to expand their footprint into new services and industries, working toward growth goals and overall long-term growth strategy. The finalized acquisition added two new members to the Onpoint Leadership team from Scope Management Services. Dean Richardson, VP Materials Management, and Todd Walker, Director of Materials Management and Operations, now serve as the key subject matter experts for materials management, bringing more than 40 years of experience to Onpoint’s leadership team. Additionally, Onpoint absorbed Scope Management Solutions’ Santa Fe, Texas location. As a result of this acquisition, Onpoint Industrial Services has added further knowledge and expertise to its broad materials management program, as well as day-to-day services such as nested warehouse services. “Through this acquisition and partnership with Dean, Onpoint is able to sharpen and refine our existing Materials Management Program, TrackPoint, as well as diversifying our client base to include more customers in the petrochemical industry,” said Liz Clark, CEO, Onpoint Industrial Services. “We are thrilled to work alongside Dean and Todd to incorporate their deep expertise in materials management into our everyday service offerings.” “It’s clear that Onpoint is a pioneer in the turnaround industry, and our service model is a perfect fit. I’m eager to contribute to Onpoint’s successful programs helping to accelerate and improve what they have already established,” said Dean Richardson, VP Materials Management, Onpoint Industrial Services. ## Onpoint Industrial Services Onpoint Industrial Services offers a unique set of services to facilitate the safe and efficient flow of people, materials, and equipment for turnarounds and capital projects. By applying people, process, and technology, Onpoint satisfies every logistics requirement of these complex events. For more information, visit onpoint-us.com. ## Keep reading - [Automotive technology private equity for dealer-focused companiesCapstreet invests in automotive technology businesses that help dealerships. The firm targets solutions for sales, marketing, finance and insurance, and service lane operations. It describes several recent investments in the sector and looks for owners with $3 to $15 million of EBITDA who want a majority capital partner.](https://capstreet.multisites.ai/industries/automotive) - [Business Succession and Exit Options: How to Choose the Right Next Step for Your CompanyOwners have five main exit paths: transfer to family, sell to management, sell to employees through an ESOP, sell to a strategic buyer, or partner with private equity. Each trades price, speed, control and legacy differently. Start planning at least three to five years before you want to step back.](https://capstreet.multisites.ai/business-succession-and-exit-options) - [Buy and Build Strategy: How a Platform Company Grows Through Add-On AcquisitionsA buy and build strategy starts with one well-run platform company and adds smaller businesses to it over time. The goal is a larger, more capable company than any single piece could be. It fits fragmented industries best. Owners of smaller firms can sell to a platform and often stay on.](https://capstreet.multisites.ai/buy-and-build-strategy) - [Construction technology private equity for software ownersCapstreet believes technology can drive large changes in construction efficiency and project delivery. It targets software businesses that support project and financial management for general contractors and sub-contractors. The firm sees the industry as early on its technology adoption curve and looks for owners with $3 to $15 million of EBITDA.](https://capstreet.multisites.ai/industries/construction) - [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) - [The due diligence checklist for owners selling to private equityDue diligence is the buyer's check of your business after you sign a letter of intent. Private equity firms review five areas: financial (quality of earnings), operations, tax, HR and benefits, and legal. Owners who gather clean records before the process starts shorten it and face fewer surprises.](https://capstreet.multisites.ai/guides/due-diligence-checklist-for-owners) ## 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)