MML Capital to acquire OnPoint Industrial Services from Capstreet.

MML Capital, an international mid-market private equity firm, agreed to acquire OnPoint Industrial Services, a specialized provider of safety, logistics and planning services designed to support complex maintenance projects in the refining and petrochemical industries, from Capstreet, a Houston-based lower middle market private equity firm. Financial terms were not disclosed. "OnPoint has established itself as a leader in this large and growing market, with a highly impressive management team and strong reputation amongst its blue-chip customer base. OnPoint delivers cost savings to plants by reducing the time and man hours required to complete projects. We are excited to continue investing in technology and expanding OnPoint’s capabilities to ensure OnPoint becomes an even more critical relationship for its customers to fully leverage going forward," Sean Quinn, MML Managing Director.