T.F. Hudgins Gets New Financing
Monday, February 11, 2013
T.F. Hudgins Inc. has completed a majority recapitalization with CapStreet, a Houston-based private equity firm that focuses on growing Sunbelt companies.
Ted Edwards, T.F. Hudgins president and CEO Ted Edwards, said, “Now is the ideal time to accelerate our growth, and we are excited to have a firm like Capstreet providing the financial resources and expertise in distribution, marketing and management to support our objectives.”
Founded in 1947, T.F. Hudgins provides an array of compressor products and services. It supplies valves, valve restraints, capacity control, rod rings, wiper packing, piston and rider rings, rods, cases, pistons, engineered coatings, cylinder liners, hydraulic tensioning and more. Services include compressor cylinder end and power end repair, valve repair; overhauls, re-rates, and upgrades; contract maintenance; diagnostics and training; and lubrication system service.
The company has 100 employees throughout the U.S. with base operations in Houston and New Orleans and sales and distribution subsidiaries in Venezuela and Australia.
For more information: www.tfhudgins.com