Olshan Client Caymus Recapitalizes FST
Olshan client Caymus Equity Partners LLC, a private equity firm that invests in profitable, lower middle market companies with excellent growth prospects, announced that a group formed by Caymus Equity, including Caymus Equity, Bank of New York Mellon-Alcentra Mezzanine Partners and management, has recapitalized FST Technical Services, Inc., the nation's leading provider of a full range of outsourced technical services for the semiconductor, microelectronics, and biopharmaceutical industries. The transaction provides FST with the necessary capital and resources to continue to provide high quality services to its existing customers and to further grow its business organically and via acquisitions. Caymus Equity located the opportunity, engaged the owners, structured the terms of the recapitalization, and provided growth capital for the transaction in partnership with BNY Mellon-Alcentra. Robert Friedman, Erik Syvertsen and Meagan Reda represented Caymus in the completion of the transaction.