Capstone Partners LLC, a leading investment banking firm, announced that it has successfully advised FlexXray LLC in its investment by Barton Creek Equity Partners, the terms of which were not disclosed.
Headquartered in Arlington, Texas and founded in 2003, FlexXray is a contract food safety and inspection company serving the food manufacturing industry. The Company provides state-of-the-art X-ray inspection for foreign-body contaminants (e.g. metal, plastic or rubber parts from food processing machinery), canned good “dud detection”, packaging and other related services to food manufacturers. FlexXray also offers complete turn-key services from logistics to disposal and is approved for handling refrigerated, frozen and dry goods products. “I am pleased that Barton Creek Equity Partners will be partnering with FlexXray as it continues providing outstanding service to its loyal customers and looks to expand its services and geographic coverage,” said Donald Forrest, FlexXray Founder. For more information go to www.flexxray.com.
Based in Austin, Texas, Barton Creek Equity Partners invests in privately held manufacturing, business services and distribution companies in Texas, Oklahoma, Colorado and the surrounding states. Ron Duncan, Managing Director at Barton Creek Equity Partners, commented, “FlexXray has enjoyed serving great customers quickly and efficiently for a long time, and we look forward to helping FlexXray enhance and expand its services in the coming years.”
David Bench, Managing Director at Capstone Partners, commented, “FlexXray represents another closed transaction in Capstone’s Environmental, Health and Safety industry practice. We have seen strong continued interest among buyers of EH&S companies and expect 2015 will represent a record year for transactions in this space. We are pleased to have represented the owners of FlexXray and are confident the Barton Creek team will maintain FlexXray’s ‘customer-first’ approach.”