CHARLOTTE, NC (January 12, 2023) – BlackArch Partners (“BlackArch”) is pleased to announce that TFH Reliability Group, LLC, the parent company of Allied Reliability (“Allied” or the “Company”), a portfolio company of Capstreet, has been acquired by Shell USA, Inc. (“Shell”).
Headquartered in Houston, Texas, Allied Reliability is a holistic asset health and reliability solutions provider, bringing together processes, content, knowledge, data and technology to optimize the asset journey for its customers. The Company’s reliability-centered solutions include condition monitoring, advanced diagnostics, lubrication systems and services, electrical services, consulting and training, and several aftermarket products and services.
BlackArch was retained by Allied and Capstreet to serve as the Company’s exclusive financial advisor. The transaction builds upon BlackArch’s significant momentum in the industrial services, technology and distribution sectors and is a further example of the firm’s ability to deliver tailored and highly strategic outcomes for innovative, market-leading businesses.
Kevin Bourbonnais, President and Chief Executive Officer of Allied, stated, “Working with the BlackArch team was a very positive experience. Not only did their team bring sound financial advice to the transaction, but they were great thought partners as we navigated the sale process. The BlackArch model is one of active engagement with Management, always collaborating to achieve the optimal approach. This approach definitely resulted in a great outcome for all involved.”
Adrian Guerra, Partner at Capstreet, added, “Every transaction is unique, so we appreciate BlackArch’s thoughtful and tailored approach, which resulted in an exceptional outcome for the Company and all of its stakeholders. Even before advising on this transaction, BlackArch served as a valued strategic advisor to Allied over the course of the last four years.”
About Allied Reliability
Allied Reliability specializes in protecting assets and driving reliability improvements for reciprocating and rotating machinery using proven solutions and in-depth application expertise. The company leverages internal engineering, manufacturing, and project management capabilities, as well as the resources of leading manufacturing partners, to yield meaningful improvements in productivity, longevity, efficiency, cost-effectiveness, safety, and environmental compliance. For more information, visit https://www.alliedreliability.com/.
Founded in 1990, Capstreet invests in lower middle market software, tech-enabled services, and industrial business services companies. With over 45 platform investments and over 200 add-on acquisitions since inception, Capstreet’s investment strategy is focused on utilizing its Capvalue Framework™ to help accelerate growth and profitability, and help create long term sustainable businesses. The majority of Capstreet’s investments have been with founder- or entrepreneur-owned businesses. For more information, visit the Capstreet website, www.capstreet.com.
About Shell USA (Pennzoil-Quaker State Company d/b/a SOPUS Products)
Pennzoil-Quaker State Company d/b/a SOPUS Products, is a wholly-owned subsidiary of Shell USA, Inc. ("Shell") that comprises Shell's US lubricants business. The term "Shell Lubricants" collectively refers to Shell Group companies engaged in the lubricants business. Shell sells a wide variety of lubricants to meet customer needs across a range of applications in over 100 countries. Shell was named the leading global supplier of finished lubricants for a 16th consecutive year, according to the 20th edition of Kline & Company's report Global Lubricants: Market Analysis and Assessment 2021. Please visit www.shell.com/lubricants for more information.
About BlackArch Partners
BlackArch is a leading middle-market investment bank offering a full spectrum of advisory services to financial sponsors, private companies and diversified corporations. BlackArch addresses the needs of companies with specialized services that include M&A advisory, strategic advisory and private capital solutions. Headquartered in Charlotte, NC, BlackArch features a total of 12 industry-focused practices that cover all sectors of interest to middle-market investors; BlackArch professionals have closed more than 400 transactions in 16 countries on four continents. Please visit our website, www.blackarchpartners.com, for more details.Securities offered through BlackArch Securities LLC. Member FINRA and SIPC. Testimonials may not be representative of the experience of all clients. Testimonials are not a guarantee of future performance or success.