New State Capital Partners acquires Universal Plant Services' rotating equipment segment

New State Capital Partners acquires Universal Plant Services' rotating equipment segment

08/14/24, 11:07 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svglarchmont
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svghouston
Industry
investment management
angel investment
oil and gas
energy
New State Capital Partners has announced the separation and subsequent acquisition of Universal Plant Services' rotating equipment segment. This strategic acquisition allows Universal Plant Services to focus on its core specialty services and continue to operate under the Universal Plant Services brand name, while New State Capital Partners expands its industrial investment portfolio.

Company Info

Company
New State Capital Partners
Location
Larchmont, New York, United States
Company info
New State Capital Partners LLC is an entrepreneurial-minded private equity firm that strives to be nimble, decisive, and cooperative. New State prides itself on a long-term outlook, approaching each potential investment as an opportunity to create lasting and valuable relationships with company founders and especially independent sponsors. The firm has the ability to invest up to $100 million in equity per transaction and seeks to invest in market-leading companies with $8 million to $40 million of EBITDA in the areas of business services, industrials, and consumer. New State and its affiliates have invested in more than 30 companies to date. For more information visit www.newstatecp.com. Media contact: Lambert & Co.Joanne Lessner, jlessner@lambert.com, 212-222-7436 SOURCE New State Capital Partners

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