Rock Hill Capital Group has completed a majority recapitalization of JP Hydro LLC (JP Services), a leading provider of industrial integrity testing services along the Gulf Coast and throughout Texas.
JP Services is led by founder and CEO Justin Peter and is headquartered in The Woodlands, Texas. The fompany provides hydrostatic and pneumatic testing, and torqueing and pigging services to its energy and industrial clients throughout the southeastern United States. JP Services is primarily focused on servicing three industrial segments – both new and existing pipelines, tanks and facilities.
Debt financing and legal representation for the transaction was provided by Comerica Bank and Winston & Strawn, respectively.
Currently, Houston-based Rock Hill has over $140 million of committed capital under management through Rock Hill Capital I LP and Rock Hill Capital II LP.
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