TrueNorth Advises Analytic Stress on its Sale to Capstreet

March 15, 2024 TrueNorth News

Stamford, CT, March 2024 – TrueNorth Capital Partners LLC is pleased to announce that its wholly-owned subsidiary, TNCP, LLC (“TrueNorth”) acted as exclusive financial advisor to Analytic Stress Relieving, Inc. (“Analytic Stress”), a nationwide provider of heat-treating services, on its sale to Capstreet. The transaction was completed back on December 15, 2023.


Analytic Stress is a provider of on-site heat-treating services in North America, catering to plant owners and contractors in the refining, petrochemical, power generation, fabrication, off-shore, shipbuilding, vessel, spool and module fabrication, LNG and pulp & paper industries. Analytic Stress’s services include pre and/or post-weld treatments, bake-outs, line thaws, induction, combustion, cures, heat expansions or other heat related services. The company is headquartered in Lafayette, LA and has additional full-service offices in Baton Rouge (LA), Lake Charles (LA), Beaumont (TX), Houston (TX), Corpus Christi (TX), Middlesex (NJ), Chicago (IL), and Toledo (OH) as well as satellite offices in Richmond (VA), Pascagoula (MS), Salt Lake City (UT), Minneapolis (MN), and Tulsa (OK).

“TrueNorth has served as a trusted advisor to Analytic Stress for a long time, playing a vital role in facilitating this successful acquisition. Their support over many years proved invaluable in identifying the ideal partner to meet the requirements and aspirations of our shareholder, employees, and the ongoing growth trajectory of Analytic Stress.” said Dalton Meaux, COO of Analytic Stress.

Jeff Gaynor and Nick Chapman, Managing Directors at TrueNorth, acted as Lead Bankers on this transaction with further support by Hong Phung, Analyst.

Any further inquiries can be directed to TrueNorth at the contact information provided below:

Jeffrey Gaynor, Managing Director
Direct Dial: (203) 817-0277

Nick Chapman, Managing Director
Direct Dial: (843) 534-5988

About Analytic Stress Relieving, Inc.:

Since 1979, Analytic Stress has been providing on-site heat-treating services to clients in the industrial sector, with a particular focus in the petrochemical, refining, power and other industrial markets. Through its deep expertise, expansive fleet of equipment, and foremost emphasis on safety, the company helps ensure the integrity of metal infrastructure in the most efficient and safest manner.

About TrueNorth Capital Partners LLC:

TrueNorth provides advisory services to companies seeking advice for middle-market M&A and financing transactions. With offices in Stamford CT, Charleston SC, Central NJ, Minneapolis MN, Tokyo Japan, and London UK, TrueNorth is a boutique investment bank comprised of senior bankers providing a full complement of financial advisory services. Our focus on the middle-market enables us to provide independent, value-added advisory services to privately held middle-market companies, private equity and family office groups and corporate clients, both domestic and international, across a broad range of industries. TrueNorth conducts its securities related business through its wholly owned subsidiary, TNCP, LLC, member FINRA/SIPC.

About Capstreet:

Founded in 1990, Capstreet invests in lower middle market software, tech-enabled services, and industrial business services companies. With more than 50 platform investments and more than 200 add-on acquisitions since inception, Capstreet’s investment strategy is focused on utilizing its Capvalue Framework® to help accelerate growth and profitability, and create long term sustainable businesses. The majority of Capstreet’s investments have been with founder- or entrepreneur-owned businesses.