News

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.

Allegiance Bank (Houston, TX) led by bankers Brenda Edwards and Gary Henderson, provided senior debt for the transaction.

Campbell & Riggs, P.C. (Houston, TX) led by Partner Carole Riggs, provided legal counsel to FlexElement® .