The CapStreet Group, a lower middle-market PE firm, has completed a majority recapitalization of T.F. Hudgins. Founded in 1947, T.F. Hudgins provides engineered products and services primarily to process industries and third-party manufacturers. Its solutions are used in a wide range of heavy industries, including petrochemical, refining, natural gas, manufacturing, mining and transportation. CapStreet, based in Houston, focuses its investments in businesses headquartered in Texas and other Sunbelt states.