Atlanta, GA (December 15, 2010) – MSouth Equity Partners, an Atlanta-based private equity firm, announced the closing of its newest investment. In partnership with management and BB&T Capital Partners, MSouth completed a recapitalization with Thompson Industrial Services, LLC.

Thompson Industrial Services, founded in 1986, has grown from a local company to a super-regional company, serving more than 500 customers across the South and Central United States. The company provides comprehensive industrial cleaning services to a wide array of industrial market segments including pulp and paper, utilities, petrochemical and refining, steel, nuclear, rubber and tire, food processing, chemical, automotive, paint and resin. The company's mission is to continuously perform all services offered with an attention to detail and a commitment to safety, quality, integrity, and innovation with the utmost concern for its customer's business success.

Bart McLean, an MSouth Partner, said, "We are delighted with our investment in Thompson. Our initial attraction to the company was a result of our successful experiences with similar outsourced service businesses. Thompson is a clear leader in its market, having reached this position through an unparalleled commitment to customer service. We look forward to working with this outstanding group of people."

MSouth Equity Partners is a private equity investment firm that provides equity capital and expertise to support management teams in acquisitions and recapitalizations of lower middle market companies typically valued $25 – $125 million. Based in Atlanta, Georgia, MSouth invests primarily in the South with a consistent focus on management buyouts of business services, distribution and specialty manufacturing companies. MSouth is a successor to Cravey, Green & Wahlen, Inc. which was founded in 1984.