On December 31, 2012, ASAP Industries LLC, a portfolio company of Hudson Ferry Capital LP, was acquired by private equity firm and global asset manager, American Capital Ltd.
ASAP, based in Houma, Louisiana, is a manufacturer of high-pressure flow-control products for the global crude oil and natural gas industry. ASAP specializes in the manufacture of API-certified products that are used in drilling, completion and production activities. The company also provides aftermarket repairs for flow-control assemblies, including blowout preventers. ASAP's customers include original equipment manufacturers, oilfield service companies, and rental equipment suppliers.
Hudson Ferry is a New York-based private equity firm that was formed in 2006. It is currently making investments from Hudson Ferry Capital II, LP, a $155 million fund with a focus on lower-middle-market niche manufacturing and business service companies. Hudson Ferry partners with entrepreneurial owners and managers of established privately owned companies that are differentiated through product or process innovation.
American Capital, based in Bethesda, Maryland, is a publicly traded private equity firm and global asset manager. It originates, underwrites and manages investments in middle-market private equity, leveraged finance, real estate and structured products, and manages $18.6 billion of assets.