NEW YORK, December 02, 2022--(BUSINESS WIRE)--Headquartered in Houston, Texas, USA, OnPoint Industrial Services ("OnPoint") specialises in industrial safety and maintenance support across the United States. OnPoint helps its customers make time by providing safety and logistics, project planning and coordination, materials management, transportation, and confined space technology, helping to manage complex maintenance projects more safely and efficiently.
Sean Quinn, Managing Director at MML, explains:
"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."
With an established track record of safe and high-quality performance, a large and skilled labour force and recruiting network, and long-term customer relationships, OnPoint has already built a strong market position. Customers hire OnPoint to address their main challenges by facilitating the safe and efficient flow of people, materials, and equipment, supplementing contractors and equipment providers with strategic professional services, and helping reduce the time and amount of labour required to perform the work.
Liz Crow, CEO at OnPoint, notes:
"We were immediately drawn to MML and their deep sector expertise, industry knowledge and relationships. They have a long and impressive history of making successful investments in the industrial services sector and we are excited to work with Sean, Alex, and Laz to accelerate our value-creation plans and achieve our shared ambitions."
The MML deal team consisted of Sean Quinn (Managing Director), Alex Blum (Vice President) and Lazbart Oseni (Investment Associate).
About MML Capital:
MML is an international mid-market private equity investor focused on investing alongside strong management teams and working in partnership with them to deliver their bold expansion plans. Over the last 30 years, we have successfully invested in 140 businesses from our 4 global offices in New York, London, Paris and Dublin, with €2 billion of assets currently under management.
At MML, we create value from original thinking, designing deals which enable management teams to take the next step on their journey. We focus on a small number of investments where the business case is strong and the chemistry with people is right, and as an independent firm, our Partners take personal responsibility for our part in your success. In our experience, open minds mean better deals, so we take a fresh approach to every single investment, designing them to perfectly fit people, their unique businesses and personal aspirations.
For our investors, our tailored ethos provides access to a unique set of investment opportunities, delivering strong equity returns whilst protecting investor capital.
View source version on businesswire.com: https://www.businesswire.com/news/home/20221201005908/en/
Vicki Smith, +44 (0)207 024 2200