American Capital has acquired ASAP Industries LLC, a Houma, La.-based maker of flow control products for companies ranging from small local operations to major oilfield services companies and original equipment manufacturers. The deal was valued at $89 million, with American Capital providing all of the equity, senior debt and subordinated debt. www.asapind.net
The CapStreet Group has completed a majority recapitalization of T.F. Hudgins Inc., a Houston, Texas—based maker of engineered products and services for process industries MORE
