A group formed by Caymus Equity Partners LLC (“Caymus Equity”), including Caymus Equity, Bank of New York Mellon-Alcentra Mezzanine Partners (“BNY Mellon-Alcentra”) and management, has recapitalized FST Technical Services, Inc. (“FST” or the “Company”). Headquartered in Gilbert, AZ, FST is the nation’s leading provider of a full range of outsourced technical services for the semiconductor, microelectronics, and biopharmaceutical industries.
Founded in 1984, FST’s full service offering includes the quality assurance/quality control and analytical testing for ultra-pure gas and liquid delivery tubing in semiconductor and biopharmaceutical production facilities, equipment services, specialty equipment sales, and technical staffing for its customers. The transaction provides FST with the necessary capital and resources to continue to provide high quality services to its existing customers, further grow its business organically and via acquisitions. Caymus Equity sourced the opportunity, engaged the owners, structured the terms of the recapitalization, and provided growth capital for the transaction in partnership with BNY Mellon-Alcentra.
Caymus Equity, with offices in Atlanta, GA, New York, NY, and Phoenix, AZ, is a private equity firm that invests in profitable, lower middle market companies with excellent growth prospects. As reflected in our investment in FST, Caymus Equity focuses on industry sectors where we have had a track record of investment and operating success.
“We are excited about the opportunity to work alongside a strong management team in a company we expect to continue on its path of excellent growth,” said Geoffrey Faux, a managing partner with Caymus Equity. “We believe FST’s market leadership in its service offerings and its reputation as a trusted and valuable partner with its customers creates a robust platform for attractive and strategic opportunities.”
Troy Hall, chief executive officer of FST, said, “We are thrilled to partner with Caymus Equity and BNY Mellon-Alcentra to grow our business. We have always focused on providing innovative and high quality solutions to our customers and believe that working with Caymus Equity and BNY Mellon-Alcentra will help us to further expand our service offering through internal investment and future acquisitions.”