Third Coast Capital Advisors Represents CST Utilities in its Acquisition of Daystar Directional Drilling
July, 2025
Third Coast Capital Advisors served as exclusive buyside advisor to CST Utilities, a portfolio company of MFG Capital, in its acquisition of Daystar Directional Drilling. Our Acquisition Search services included identifying the target and making contact with its owner, as well as providing assistance on valuation, transaction structure and the negotiation and closing of the transaction.
Daystar Directional Drilling, based in Noblesville, Indiana, and founded in 2002, is a leading provider of essential underground utility services with a specialty in Horizontal Directional Drilling (HDD).
Abacus Group, headquartered in Grove City, Ohio is an infrastructure service company providing a range of excavation, underground, and maintenance services to public utilities (electric, natural gas, water), telecom providers, and other businesses. With over 50 years of industry experience, CST has established itself as a professional and reliable local business serving Central Ohio and surrounding counties.
For more information, please contact one of the individuals below:
Mark Harvey
Managing Director
312-925-2195
mharvey@thirdcoastca.com
Doug Lovette
Managing Partner
312-961-8763
dlovette@thirdcoastca.com
Third Coast Capital Advisors is an investment banking firm in Chicago, focused exclusively on buyside work. We provide three primary services to our clients:
Acquisition Search: Our core focus is to work with PE owned portfolio companies and corporate clients to identify, contact, and execute directly negotiated acquisitions on their behalf.
M&A Opportunity Assessment: We perform market research during a competitive sale process to assess and validate the add-on potential for a new platform.
Buyside Consulting Services: We provide project based services including acquisition strategy development, market research and corporate development support.
Doug Lovette
Managing Partner
312-961-8763
dlovette@thirdcoastca.com
Mike Zycinski
Managing Director
773-230-7118
mzycinski@thirdcoastca.com
Matt Clarke
Managing Director
480-626-0017
mclarke@thirdcoastca.com
Mark Harvey
Managing Director
312-925-2195
mharvey@thirdcoastca.com
Marc Pressler
Managing Director
847-971-7564
mpressler@thirdcoastca.com
Mike Dudek
Vice President
630-730-5978
mdudek@thirdcoastca.com