FlexElement® Has Been Acquired By A Private Investor
HOUSTON, TEXAS (August 19, 2019) – Statesman Corporate Finance, LLC (“Statesman”) is pleased to announce that FlexElement Texas Inc. (“FlexElement®”) has been acquired by a private investor. Statesman served as the exclusive financial advisor to FlexElement® throughout the transaction, which closed August 5, 2019.
Headquartered in Houston, Texas, FlexElement® is a design, engineering and manufacturing company that provides power transmission coupling products and related services to manufacturers and users of critical, high-energy turbo-machinery. Typical industries served include refining, chemical, petrochemical, power generation, gas transmission and air separation.
About the other transaction participants
Statesman Corporate Finance, LLC is the FINRA-licensed broker dealer affiliate of Statesman Business Advisors, LLC. With offices in Houston and Austin, Texas, Statesman is a leading middle-market investment banking firm providing merger and acquisition, capital formation, valuation and other general corporate financial advisory services to middle-market companies. The Statesman team advising on this engagement was led by Managing Director Jim Briggs, with the support of Senior Associate David Carrasco, and Associate Philip Rodriguez.