MML Capital Partners (“MML”) has exited its investment in Apache Industrial Services (“Apache”) through a sale of the company to Quantum Capital.
MML Capital Partners (“MML”) is pleased to announce that Apache Industrial Services, Inc. (“Apache”) has completed two acquisitions: Southern Insulation Inc. (“Southern”) and Stark Sandblasting and Painting Co. (“Stark”). Terms of the acquisitions were not disclosed.
MML Capital Partners (www.mmlcapital.com) has led the acquisition of Apache Industrial Services, Inc. (www.apacheip.com) for an undisclosed amount. Apache’s management team co-invested in the transaction, as did two of MML’s limited partners: GoldPoint Partners and Cigna Investment Management. Senior financing for the deal was provided by PNC Bank, N.A.