2008-07-22 10:38:09 -
- The CapStreet Group, LLC (www.capstreet.com), a Houston-based private equity firm, announced today that it has completed its recapitalization investment in Trinity Steel Fabricators, Inc. GulfStar Group, an investment banking firm also based in Houston, advised Trinity Steel and is an investor in the recapitalized company. Roy and Randy Karnes, the former major shareholders in Trinity Steel, are also investors
in the new company and Roy Karnes, the chief executive officer of Trinity Steel, will continue to lead the management team. Amegy Bank provided financing for the transaction.
Trinity Steel, headquartered in Trinity, Texas, northeast of Houston, is a leading provider of structural steel fabrication services to the petrochemical, energy, diversified chemical, power and construction and engineering industries. The company has been in operation for more than 30 years and maintains three fabrication plants located in Trinity, Tomball, and Lufkin, Texas, with more than 140,000 total square feet of fabrication space.
"CapStreet has a long history of helping companies like Trinity Steel grow their business," said Roy Karnes, CEO of Trinity Steel. "With the support of a strong financial partner, we are confident we can both increase our production capacity and enhance our ability to meet the increasing needs of our customers," he added.
"Trinity Steel's exceptional management team and established market position align well with CapStreet's proven investment strategy," said George Kelly, chief executive officer of CapStreet. "We view this partnership as an excellent opportunity to accelerate growth and improve profits for Trinity Steel."
About The CapStreet Group, LLC
The CapStreet Group is a Houston-based private equity firm with committed capital in excess of $450 million. CapStreet makes control investments in privately-held lower middle-market companies located primarily in Texas and other Sunbelt states. CapStreet's long-term strategy is to create value by assisting individual portfolio companies in accelerating revenue growth and improving operating efficiencies.
Media inquiries:
20K Group, LLC
Rose Hochner, 713-962-2867
or
Deborah Fiorito, 832-866-3442
or
Business-related inquiries:
Katherine L. Kohlmeyer, 713-332-2725
kkohlmeyer@capstreet.com 
