Certified Pipe Service Houston, Inc. Secures Mezzanine Debt And Equity Financing From Independent Bankers Capital Funds

HOUSTON, TEXAS (April 2014) – Statesman Corporate Finance, LLC (“Statesman”) is pleased to announce that Certified Pipe Service Houston, Inc. (“CPS”) has secured mezzanine debt and equity financing from Independent Bankers Capital Funds (“IBCF”).

CPS is a diversified steel pipe service company and structural steel fabricator located at Jacinto Port in Channelview, Texas. The company has expanded its offerings beyond oil and gas to serve a wide variety of industries including mining, civil, subsea, and marine construction. While core services still revolve around the storage, repair and service of tubular goods, CPS has also developed extensive fabrication, blasting and coating, logistics, inventory management, and specialty services related to pipe handling. CPS’ greatest asset has proven to be this diversification which has allowed the company to grow and prosper through multiple business cycles. The new capital will be used for growth and will partially finance the company’s expansion into a second and larger state-of-the-art pipe handling facility in Baytown, Texas.

IBCF, an investment capital firm located in Dallas, Texas, provides mezzanine lending and preferred equity for established lower-middle-market companies, primarily located in Texas. IBCF operates two Small Business Investment Companies (“SBIC”) licensed by the United States Small Business Administration. Established in 2000, IBCF’s investors are Texas-based independent community banks and financial institutions. Independent Bankers Capital Fund, L.P. (“Fund I”) was licensed in 2000 and has been fully invested into 12 companies. Independent Bankers Capital Fund II, L.P. (“Fund II”), which was licensed in 2009 and began operations January 2010, has $63,000,000 of investable capital.

Statesman served as the exclusive financial advisor to CPS. The Statesman transaction team was led by Principal Will Jaco and Associate Walker French. Amegy Bank of Texas, NA (“Amegy”) provided the senior debt for the transaction and Kenny Kucherka and Mark Magee led Amegy’s financing team.

Statesman is a leading middle market investment bank and a member of FINRA and SIPC, headquartered in Houston, Texas. Statesman provides merger and acquisition sell-side and buy-side advisory services, capital sourcing, valuation, and general corporate financial advisory services to small and middle-market companies.

Statesman Contact:
Will Jaco
(713) 595-1342