September 6, 2022

On August 31, Willkie client The Capstreet Group announced its sale of Thorpe Specialty Services, a maintenance and engineering services and solutions provider in petrochemical and other industrial markets, to KLH Capital.

Under Capstreet's ownership, the Thorpe platform grew through both organic and inorganic initiatives, including several mergers and acquisitions. In addition, Capstreet made investments in Thorpe's technology, business processes, and sales and marketing, helping to institutionalize the platform.

Headquartered in Houston, Texas, Thorpe serves customers including Fortune 500 companies and independent producers across petrochemical, power, pulp & paper, oil & gas, mining and other energy-intensive industries throughout the U.S. and internationally.

Founded in 1990, Capstreet is a Houston-based private equity firm focused on investments in lower middle market software, tech-enabled services, and industrial business services companies.

The Willkie team was led by partner Rosalind Fahey Kruse and included associates Aaron Savella, Devin Crisanti and Hayden Kursh.