A Portfolio Company of
Has been acquired by
Based in Midland, Texas, Cactus is a value-added distributor of fuel and lubricants to upstream and midstream customers throughout the Permian Basin. Founded in 2012, Cactus is recognized as a market leader in the most active shale play in the United States and utilizes advanced technology to ensure best-in-class service for all its customers. For more information, visit www.cactusfuels.com
Pilot Thomas Logistics
Pilot Thomas Logistics is the premier provider of fuel, lubricants and chemicals to the Energy, Marine, Mining and Industrial markets and is headquartered in Fort Worth, Texas. PTL operates in over thirty (30) states from 100+ terminals with a Team over approximately 2,000 professionals. For more information, visit www.pilotthomas.com
Hastings Equity Partners
Hastings Equity Partners is a private equity firm focused on investing in lower, middle-market energy and industrial service businesses. Hasting’s approach is to leverage the extensive operational experience of the firm’s managers and investors, many of whom are active or former CEOs of Fortune 1000 companies. In addition, due to the firm’s expanding portfolio of industrial services companies, it is able to share best practices, technology trends and contacts across its platform to ensure that all of its investments benefit. Hastings strives to help its portfolio companies create sustained value for their employees, customers and investment partners. For more information, visit www.hastingsequity.com
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Cadre Holdings, Inc. Prices Its Follow-on Offering. Stephens served as a Bookrunner on the offering.
American Bank, N.A. has agreed to acquire TexStar National Bank. Stephens served as exclusive financial advisor to American Bank, N.A.