Trusted guidance for the middle market moments that matter

Infrastructure Services

WESTLAKE SECURITIES | BUSINESS INFRASTRUCTURE SERVICES
DEAL OF THE YEAR AWARD WINNER

You've Built Something
Worth More Than
Most People Know

CEOs spend decades building companies that are genuinely valuable and often leave significant money on the table by selling at the wrong time, to the wrong buyer, or without the benefit of an advisor who truly understands how buyers in this industry think.

YEARS IN M&A
1 +
TRANSACTION VALUE CLOSED
$ 1 B
COMPLETED TRANSACTIONS
1 +

Our Expertise

A Transaction That Reflects What You Actually Built

The companies in our deal history are a multi-generation family-owned businesses, founder-built industrial companies, owner-operated organizations and many others in the middle market with decades of legacy behind them. We understand what it takes to run one and we know how to present one.

When we represent you, we bring genuine sector expertise to every stage: positioning the business accurately, running a competitive process that surfaces the right buyers, and staying at the table through the details that ultimately determine your outcome. Construction, industrial services, energy, chemicals, steel, manufacturing, distribution are industries we work in every day, creating transformational outcomes. 

Construction & Contracting

General contractors, specialty subcontractors, civil engineering, commercial builders, and infrastructure services companies.

Industrial & Manufacturing

Job shops, fabricators, equipment manufacturers, precision manufacturers, and industrial service businesses.

Steel, Metals & Materials

Steel service centers, metals distributors, alloy companies, cement and building materials suppliers.

Energy & Chemicals

Oilfield services, downstream chemical distributors, specialty chemical blenders, and energy infrastructure businesses.

Distribution & Supply

Industrial distributors, MRO supply companies, filtration and specialty product distributors, and supply chain businesses.

Mechanical & Technical Services

Mechanical contractors, engineering services, automation companies, and technically-driven service businesses.

MARKET INTELLIGENCE

It's Your Moment - Why You Should Explore Your Options Right Now

The numbers tell a clear story. Private equity has more dry powder than it has ever had, buyer appetite for industrial and infrastructure assets is surging, and Texas specifically sits at the center of the largest domestic manufacturing boom in decades.

6.9x

Middle Market Manufacturing EB/EBITDA

The median transaction multiple for U.S. middle market manufacturing companies rose to 6.9x EBITDA in 2024 — up from 6.5x the prior year. Companies with above-average margins and growth are commanding meaningful premiums above this level.

Source: GF Data, 2026

$1T+

Private Equity Dry Powder Available

U.S. private equity assets under management reached an all-time high in 2024, with more than $1 trillion in uncalled capital available to deploy. Qualified financial buyers are actively competing for well-positioned industrial and infrastructure businesses.

Source: GF Data / Pitchbook, 2025

7.2x

Middle Market EBITDA Multiples

average purchase price multiples across U.S. middle market transactions held firm at 7.2x TTM EBITDA in 2025 — the same level as 2023 and 2024. Quality assets continued to attract disciplined buyers and competitive pricing.

Source: GF Data, Q4 2025

$231B

Record U.S. Manufacturing Investment

Real investment in U.S. manufacturing structures reached a record $231.9 billion in 2024, its biggest contribution to annual GDP growth since 1979. Industrial and infrastructure companies are benefiting from sustained demand at levels not seen in decades.

Source: U.S. Bureau of Economic Analysis / Dallas Fed, 2025

Want to know what your business might be worth in today's market?

RESULTS IN ACTION

Transactions That Speak for Themselves

From Texas’s most iconic infrastructure companies to complex chemical and industrial transactions, and beyond, throughout the U.S., here’s a sample of what we’ve closed.

Divestiture · Utility / Infrastructure Services

Heath Consultants Locate Division Divestiture

Deal of the Year Winner

Westlake served as exclusive financial advisor to Heath Consultants, a third-generation, family-owned Houston business founded in 1933, on the strategic divestiture of its 811 Locate Services Division to USIC, a national leader in underground utility locating services backed by Partners Group and Kohlberg. 

Sell-Side · Construction Materials / Precast Concrete

Heldenfels Enterprises — Sale to Metromont

Westlake served as exclusive sell-side financial advisor to Heldenfels Enterprises, one of Texas’s most iconic industrial brands in precast and prestressed concrete manufacturing, on its sale to Metromont LLC, a Greenville, SC-based precast leader and member of the Markel family of companies. Heldenfels continues to operate under its own name as a Metromont company.

SENIOR CREDIT FACILITY – CHEMICALS

SolvChem — Senior Credit Facility

Westlake secured a senior credit facility from Amegy Bank for SolvChem, the largest independent chemical distributor in Texas and a 50+ year old, second-generation family business headquartered in Pearland. Capital was deployed to refinance existing debt and fund strategic growth — a transaction that required deep familiarity with the company’s capital structure and the right lender relationships to execute it.

SELL-SIDE CONSTRUCTION / SERVICES

Viking Fence Company

ACG Deal of the Year Finalist

Westlake served as exclusive financial advisor to Viking Fence – one of Texas’s most recognized infrastructure and services companies – in its acquisition by Dallas-based private equity firm Crossplane Capital, with a subsequent acquisition of Acorn Waste Solutions (a trusted provider of waste management, sanitation services, and event rentals throughout Central Texas). 

OUR PROCESS

What Working With Westlake Looks Like

We customize every process to the needs of the owner. What never changes is the depth of preparation and the intensity we bring to finding the right outcome.

01

Confidential Discovery

A no-pressure conversation to understand your business, your goals, and your timeline. No obligation, full confidentiality.

02

Valuation & Strategy

We assess your business through a buyer’s lens, identifying value drivers, normalizing earnings, and defining the right transaction structure.

03

Controlled Process

We run a targeted, confidential process with pre-qualified buyers, driving competition without broadcasting your sale to the market.

04

Close & Transition

We manage due diligence, negotiate deal terms, and stay at the table through closing. We’re with you until the wire hits.

WHO WE WORK WITH

Is This Conversation Right for You?

We work with founders and CEOs of Texas-based industrial, construction, and infrastructure companies who are thinking seriously about the next chapter, whether that’s a full sale, a recapitalization, or acquiring to grow.

Revenue of $5MM-$400MM

We focus on the lower middle market, where the right advisor makes the biggest difference.

Texas-Based Operations

Deep relationships with Texas-focused PE firms, lenders, and strategic acquirers throughout the state.

Founder- or Family-Owned

We understand the personal dimension of a business transition. We’ve guided hundreds of owners through it.

Industrial, Construction, or Infrastructure

These are the sectors where our track record and buyer relationships are deepest.

Thinking 1-3 Years Out

The best transactions are planned well in advance. Early conversations lead to better outcomes. 

Seeking Growth Capital 

Not just selling, we also help strong operators secure debt and equity capital to accelerate growth

Is your company set up for real, sustainable growth?

Direct: (512) 314.0716

Our team is here to help you navigate growth, transitions, and strategic opportunities through tailored advisory services. When the stakes are high, our team brings the experience to move with confidence.

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