Our active practice in the oil & field services industry made it possible for us to identify the most attractive and motivated buyers for the company.
(PRWEB) July 16, 2012
Capital Alliance, a leading Dallas-based mid-market investment banking firm, today announced the closing of the sale of Foster Testing to Hastings Equity Partners. Capital Alliance served as the exclusive advisor to Foster Testing, positioning the client for a sale and structuring the terms of the transaction. The sale will add flexibility and geographic presence adjacent to one of Hastings’ portfolio companies.
"Foster Testing's owner had confidentiality and competitive concerns that we addressed by limiting the pool of potential buyers and giving our client control over each step of the process," said Mike Stengle, a Capital Alliance principal. "Nevertheless, our active practice in the oil & field services industry made it possible for us to identify the most attractive and motivated buyers for the company, yielding a successful transaction for both parties."
The transaction closed on May 15th, 2012. Hund, Krier, Wilkerson & Wright, P.C. served as the legal advisor to Foster Testing.
Established in 1985, M&A International Inc. offers the unparalleled, global resources of over 600 M&A professionals operating in every major financial center of the world. We are closely linked and together we advise our clients on acquisitions, divestitures and financing. We have closed over 1,400 transactions totaling more than US$85 billion in transaction value in the past five years.
Capital Alliance has been a member of M&A International since 1986.