BlackArch Partners announced that OnPoint Industrial Services, a portfolio company of Capstreet, has been acquired by MML Capital Partners (“MML”).
Headquartered in Deer Park, Texas, OnPoint is a leading specialized provider of safety, logistics and planning services and technologies designed to support complex maintenance activities of industrial businesses. Through acquisitions and organic growth, OnPoint has assembled a comprehensive suite of support services that allow its customers to manage complex maintenance projects more safely and efficiently.
BlackArch was retained by OnPoint and Capstreet to serve as the Company’s exclusive financial advisor. The transaction builds upon BlackArch’s significant momentum in the industrial safety and specialized maintenance services sectors and is a further example of the firm’s ability to drive successful outcomes for high-growth, market-leading businesses.
Liz Crow, Chief Executive Officer of OnPoint, stated, “When we engaged BlackArch, I recognized immediately that we had selected an advisor that had great sector knowledge. However, they put in the work to truly understand what makes our business unique and optimize its positioning to the market. As the process unfolded, BlackArch’s professionalism, dependability and around-the-clock support was invaluable to our entire OnPoint leadership team. BlackArch has earned the confidence and respect of our team, they helped us achieve a fantastic outcome and I would welcome the opportunity to partner with them again.”
Paul De Lisi, Partner at Capstreet, added, “Having partnered with BlackArch multiple times over the past decade, Capstreet values the hands-on, senior-level attention that the firm brings to every transaction. The entire team did a terrific job driving an exceptional outcome for Capstreet and the OnPoint management team in the face of a challenging M&A market. We value the partnership with BlackArch and look forward to working with them again in the future.”
OnPoint’s services and technology offerings are designed to facilitate the safe and efficient flow of people, materials and equipment during complex maintenance events. With an established track record of safe and high-quality performance, a large and skilled labor force and recruiting network, and long-term customer relationships, OnPoint has established a strong and expanding market leadership position.