Phillip Pulliam

Dallas-based Advanced Process Systems—formerly known as Advanced Plastic Services—has been acquired by Provest Equity Partners, an Atlanta-based private equity firm specializing in infrastructure and industrial sector investments.

APS is a precision manufacturing company serving the semiconductor and energy industries with highly engineered solutions and process equipment.

Terms of the deal, which closed July 31, were not disclosed.

“Over the years, we’ve built trusted partnerships with some of the most respected names in the semiconductor and industrial sectors,” APS founder Phillip Pulliam said in a statement. “I’m confident that with Provest’s vision, resources, and operational expertise, APS is well-positioned to accelerate its growth and continue delivering best-in-class solutions to our customers.”

The acquisition marks the first platform investment for Provest, founded by Managing Partner Suhas Uppalapati and Partner Kerry Byler, both veteran entrepreneurs and investors known for their operational expertise and track record of building category-leading businesses. Uppalapati and Byler previously were the driving force behind AmeriPro Health, a high-growth healthcare company they scaled into a national leader before a successful exit.

“APS represents exactly the type of high-potential industrial platform we set out to acquire when we launched Provest Equity Partners,” Uppalapati said in a statement. “With the global demand for semiconductor and energy sectors accelerating, we see tremendous opportunity to invest in APS’s next phase of growth, leveraging our operational experience and long-term vision.”

Byler said the acquisition is a strong fit.

“Our team is excited to work alongside APS’s talented employees and leadership,” Byler said. “We believe our hands-on approach and strategic investment philosophy will help scale APS’s capabilities, expand its customer base, and unlock new market opportunities.”

APS counts some of the world’s most innovative semiconductor companies among its customers. It was recently recognized with Dallas-based Texas Instruments’ Supplier of the Year award.

Provest said the acquisition will serve as a foundation for its growth strategy in the advanced manufacturing and semiconductor supply chain.

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