September 23rd, 2026
CHARLOTTE, NC – September 23, 2026 – Capitala Group (“Capitala”), a private markets investment firm providing private credit and private equity capital to lower middle-market businesses, is pleased to announce the successful exit of its investment in TRS Services, LLC (“TRS” or the “Company”), a Houston-based provider of component repair and manufacturing services for industrial gas turbines. The Company was acquired by a private equity-backed strategic buyer on August 14, 2026.
TRS provides maintenance, repair, and overhaul services for industrial gas turbine components to a customer base that includes turbine owner-operators, original equipment manufacturers, and independent service providers. The Company’s solutions reduce downtime and repair-cycle costs for customers while extending the useful life of mission-critical infrastructure used in electricity generation. Capitala invested in TRS in February 2024 alongside the sponsor and management team, providing both debt financing and an equity co-investment to support the acquisition. During Capitala’s investment, management strengthened the Company’s operational efficiency and financial leadership, positioning TRS to benefit from growing power demand and the increased need for gas turbine services.
“TRS is a strong example of how flexible capital and alignment with an experienced sponsor and management team can support meaningful growth,” said Randall Fontes, Managing Director of Capitala Group. “We are proud to have supported the Company’s continued development and wish the TRS team and its new partners continued success.”
About Capitala Group
Capitala Group is a private markets investment firm that has been providing private credit and private equity capital to lower middle-market businesses throughout North America for more than 25 years. Since its inception in 1998, Capitala has invested and managed more than $3.2 billion¹, utilizing a flexible capital mandate to deliver creative financing solutions tailored to the needs of its partners. Capitala seeks to partner with experienced management teams and business owners to support growth and create long-term value through flexible capital solutions, strategic partnership, and a shared vision for success.
Capitala’s ecosystem includes 98 banking relationships across its platform since inception, supported by a senior leadership team with more than 200 years of combined experience. Capitala has invested in businesses across 35 states, reflecting the firm’s broad reach and longstanding commitment to the lower middle market. For more information, visit www.CapitalaGroup.com.
¹Includes invested capital since inception, callable capital to commingled funds and available credit facilities, and discretionary and non-discretionary managed accounts.
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