News

Big City Access, Inc. Has Been Recapitalized By Rock Hill Capital Group

HOUSTON, TEXAS (January 13, 2016) – Statesman Corporate Finance, LLC (“Statesman”) is pleased to announce that Big City Access, Inc. (“Big City” or “BCA”) has been recapitalized by Rock Hill Capital Group (“Rock Hill”).

BCA was started in 2002 by Founder and President, Barbara Roberts, and is headquartered in Houston, Texas with an additional office in Universal City, Texas. The Company provides a broad array of scaffolding rental equipment, including frame, system, suspended scaffolds, along with shoring, safety and bridge access equipment. Erection, dismantling and inspection services are also provided for its customers. Mrs. Roberts and her leadership team draw on over 150 years of combined industry experience to provide best-in-class equipment and services across Texas and the Gulf Coast. BCA is one of only three accredited training institutes recognized by the Scaffold & Access Industry Association in the state of Texas, a distinction held by only 52 companies across the United States. Additionally, subsequent to closing, former President and CEO of Safway Services, Marc J. Wilson, will serve as a strategic advisor and Board Member of the Company.

“We are extremely excited to partner with Barbara and her team. She represents the type of entrepreneur-partner Rock Hill looks for when making investments. The BCA team has built a great business and we look forward to helping them grow geographically and into new products and services,” said Jeffery S. Christman, Managing Director of Rock Hill.

“Rock Hill is the ideal partner to help us continue to grow Big City and expand our services portfolio for our customers. Our culture fits very well with Rock Hill – they’re local, tied into the community, hands-on and personally committed to our business and our customers. I couldn’t be more excited about the future of the Company,” commented Barbara Roberts.

Debt financing for the transaction was provided by Texas Capital Bank. Legal counsel was provided by Winston & Strawn LLP for Rock Hill and Weycer Kaplan Zuber & Pulaski, P.C. for Big City.

About Rock Hill Capital:

Founded in 2008, Rock Hill Capital Group, LLC is a private equity firm that targets investments in the growing middle to lower middle market with enterprise values up to $75 million. Rock Hill assists successful entrepreneurial companies located in the southern United States to continue to grow and expand.

Currently, Rock Hill has over $140 million of committed capital under management through Rock Hill Capital I, L.P. and Rock Hill Capital II, L.P. Other current portfolio companies include Alpha Technical Services Corporation LLC, Applied Global Technologies, Inc., Big Lake Services, SouthWaste Services Holdings, LLC, Diversified Well Logging, LLC, Tideland Signal Corporation, Core International, LLC, Duracoatings Holdings, LLC, Park Energy Services, Rail Service & Logistics, LLC and JPH Holdings, LLC.

About Statesman:

Statesman is a leading middle market investment bank with offices in Houston and Austin, Texas, providing merger and acquisition sell-side, buy-side, and general corporate financial advisory services to middle-market companies. The Statesman team managing this engagement included Managing Director Sid Shaver and Associate Walker French.

Alon Brands acquires a multi-store portfolio from Roberts Oil Company, Inc.

HOUSTON, TEXAS (August 31, 2015) – Statesman Corporate Finance, LLC (“Statesman”) is pleased to announce that Alon Brands, a subsidiary of Alon USA Energy, Inc. (NYSE:ALJ) (“Alon”) has acquired Roberts Oil Company, Inc. (“Roberts Oil”), an Albuquerque, New Mexico based gas station and convenience store company. Alon Brands is a Dallas, Texas based marketer of motor fuel products with over 300 convenience stores, including 38 in the Albuquerque area.

“After more than 40 years of serving the Albuquerque community, the decision to sell was not an easy one for our family,” said Karon Roberts of Roberts Oil Company. “However, we’re confident that our business, our employees and our customers are in good hands with ALON/7-Eleven, and we’re looking forward to seeing the positive changes ALON has planned for the stores.”

According to Eric Corley, regional manager for Alon Brands in Albuquerque, the company will continue to employ all Roberts Oil team members, including store associates and managers. Additional jobs will also be created as a part of the acquisition.

“This expansion is part of a significant investment we’re making in the Albuquerque region,” said Corley. “In addition to growing the ALON/7-Eleven footprint by more than 50 percent, we also just finished remodeling all of our locations in the area and built a brand new store in Rio Rancho. I’m proud of the commitment the company has made and will continue to make to this community and our customers here in Albuquerque.”

About Roberts Oil Company:

Roberts Oil Company is a family-owned gas station and convenience store business that has operated stores in the Albuquerque area since 1971, when Bill Roberts acquired his first property. The Company operated stores under the Philips 66, Kicks 66, and the Company’s own Pump-N-Save brand names. Robert Lucero of the Rodey Law Firm served as primary legal counsel for Roberts Oil. Dave Welde and Tony Royle of the accounting firm Moss Adams provided accounting and tax advice for Roberts Oil.

About Alon Brands, Inc:.

Headquartered in Dallas, Alon Brands markets ALON motor fuel products at more than 800 locations. The largest U.S. licensee of 7-Eleven, the company owns and operates more than 300 convenience stores, including 38 in the Albuquerque region. For more information about Alon Brands, visit www.AlonBrands.com.

About Statesman:

Statesman is a leading middle market investment bank with offices in Houston and Austin, Texas, providing merger and acquisition sell-side, buy-side, and general corporate financial advisory services to small and middle-market companies. The Statesman team for this transaction included Principal Will Jaco and Associate Walker French.

XTIVIA, Inc. Acquires HYDUS, Inc.

HOUSTON, TEXAS (April 24, 2015) – Statesman Corporate Finance, LLC (“Statesman”) is pleased to announce that Hydus, Inc. (“HYDUS”), a Sugar Land, Texas based Enterprise Information Management (EIM) company, has been acquired by Xtivia, Inc. (“XTIVIA”), a national technology consulting company headquartered in Colorado Springs, CO with offices in New York, New Jersey, Missouri, and Texas. XTIVIA is a subsidiary of Matrix IT, Ltd. of Tel Aviv, Israel which is publicly traded on the Tel Aviv Stock Exchange (TASE:MTRX).

The combination of XTIVIA and HYDUS brings together two highly synergistic companies, each recognized as information technology innovators. Together, XTIVIA and HYDUS will meet a wider set of customer needs by integrating products, technologies, and services. The combined company has significant opportunity to grow into new markets, particularly around Service Oriented Architecture (SOA), Data Warehousing (DW), Business Process Management (BPM) and Master Data Management (MDM). By offering these combined solutions, XTIVIA is poised to provide solutions for customers desiring to create manage and deliver reliable, secure and interactive information, communications and applications.

About Hydus, Inc.
Hydus, an Enterprise Information Management (EIM) company, helps organizations by providing strategic end-to-end solutions. Hydus brings over 15 years expertise in supporting many Fortune 500 firms both in US and Canada. Hydus provides clients with a diverse range of strategic consulting and implementation services across the entire EIM spectrum encompassing; Enterprise Integration (EI/SOA), Business Process Management (BPM), Data Warehousing (DW), Business Intelligence (BI), and Master Data Management (MDM). Understanding the Strategic and Operational challenges faced by many organizations and identifying, recommending, and implementing the most practical and cost effective technology solution for clients is a key differentiator. Hydus is based in Sugar Land, Texas and the company’s website is: www.hydus.com

About XTIVIA, Inc.
Since 1992, XTIVIA has established a proven, global reputation as a company delivering cutting-edge professional solutions to our clients’ specific requirements, regardless of the complexity of the projects. XTIVIA’s success has stemmed from a proven ability to deliver quality professional services, allowing the client to leverage technology successfully, competitively, and profitably. XTIVIA has received additional awards this year from Liferay, CIO Review and Inc. 5000. The company’s website is: www.xtivia.com

About Statesman:
Statesman is a leading middle market investment bank with offices in Houston and Austin, Texas, providing merger and acquisition sell-side, buy-side, and general corporate financial advisory services to small and middle-market companies. The Statesman team for this transaction included Principal Will Jaco, Vice President Peter Chiu, and Associate Walker French.

DiPure Water Technologies has been Acquired by Ultrapure & Industrial Services, LLC

HOUSTON, TEXAS (November 3, 2015) – Statesman Corporate Finance, LLC (“Statesman”) is pleased to announce that DiPure Water Technologies, LLC. (“DiPure”) has been acquired by Ultrapure & Industrial Services, LLC (“Ultrapure”), a subsidiary of Driessen Water, Inc. headquartered in Northfield, Minnesota. Driessen Water is a privately-held company with over 22 offices throughout the United States that traces its roots back to one of the earliest pioneers of water treatment in America, E.J. Culligan – the founder of Culligan Water. Ultrapure is the industrial arm of Driessen and is a full service water treatment solution and equipment provider.

Ultrapure, which has had an operation in Dallas since 1996, significantly expands its geographic coverage and market share in Texas with the acquisition of DiPure. In addition to DiPure’s established base of Industrial, Commercial & Healthcare customers in Dallas and Houston, Ultrapure also acquired DiPure’s Di regeneration plants in in these respective markets.

Tim Marco, shareholder and former President of DiPure, stated. “We are very pleased to have completed the sale of our business to Ultrapure. Driessen is a long established company in the water industry and Ultrapure is highly experienced in providing water purification solutions to the exacting specifications our customers require. Our customers will be very well served and our employees will now have even greater opportunities for career growth within Driessen”

About DiPure Water Technologies:

DiPure is a privately held commercial/industrial water purification business with office locations in Houston and Dallas, Texas. DiPure was founded in 2007 by Tim Marco and Larry Huppert and sponsored by a consortium of private investors. The shareholders of DiPure were seeking a divesture of the commercial water business in order to focus efforts on newly developed water treatment applications for the oil and gas markets, which they now provide through a separate company, H2O Oilfield Services. Greg Hill, Partner, and Jennie Simmons, Associate, of Locke Lord, LLP served as primary legal counsel for DiPure.

About Statesman:

Statesman is a leading middle market investment bank with offices in Houston and Austin, Texas, providing merger and acquisition sell-side, buy-side, and general corporate financial advisory services to middle-market companies. The Statesman team managing this engagement included Principal Walter Tomlinson, Managing Director Lee McFarlain, and Associate Walker French.

Petoil Overseas and Framework Capital join to purchase South Texas acreage

HOUSTON, TEXAS (June 5, 2015) – Statesman Corporate Finance, LLC (“Statesman”) is pleased to announce that Falls City E&P, LLC (“Falls City”), a Houston-based upstream exploration and development company has entered into a definitive agreement with undisclosed sellers to acquire core South Texas acreage. Falls City is owned by Petoil Overseas, the US affiliate of Petoil, Inc. (“Petoil”), Framework Capital (“Framework”), a leading Houston-based private equity firm, and Reveille Oil & Gas, who will serve as the operator for Falls City. Statesman served as financial advisor for Reveille Oil & Gas, which is led by long-time energy executive David Daniel.

Based in Ankara, Turkey, Petoil is an independent upstream company with exploration and production assets around the globe. Founded in 1990, their management team is led by Chairman Dr. Guntekin Koksal and General Manager Dr. Ali Ak. “We are pleased to bring our global operating experience to Falls City and our newly acquired South Texas acreage. The US has been a market of interest for us and this is the right timing for us with the right partners,” said Dr. Ak. “In this market, upstream investments require an insight and execution plan that addresses several different scenarios. We believe in the fundamentals of this project and are looking forward to its development,” said Jerry McGee, Managing Partner of Framework Capital. Framework will provide technical and management resources to support the operation working in conjunction with Reveille Oil and Gas. “This is a project we are very excited about and having great partners makes this a perfect scenario for us,” said Reveille President David Daniel. Mr. Daniel previously held senior positions in operations and engineering with Unocal and other private equity-backed companies.

About Petoil:
Petoil was first established in 1990 as a member of Pet Holding Group, a renowned Turkish company based in Ankara that is also active in mining, construction, land development and tourism. Petoil’s proven management team has a strong track record in acquiring, exploring and developing oil and gas opportunities. Among their many other accomplishments, Petoil was the first international oil company to operate in Azerbaijan and Kurdistan. Additional information can be found at http://www.petoil.com.tr/

About Framework Capital:
Framework Capital is an investment firm that Builds Great Businesses™ by focusing leadership on alignment and execution and working alongside to encourage or assist them when necessary. Framework provides capital investment and operational know-how that result in a highly-engaged workforce. Framework is headquartered in Houston, Texas with offices in Newport Beach, California and Henderson, Nevada.

About Statesman:
Statesman is a leading middle market investment bank with offices in Houston and Austin, Texas, providing merger and acquisition sell-side, buy-side, capital sourcing, and general corporate financial advisory services to middle-market companies. The Statesman team for this transaction was led by Managing Director Sid Shaver, and included Vice President Peter Chiu and Associate Walker French.

The Detering Company Purchases South Texas Brick & Stone

HOUSTON, TEXAS (January 5, 2015) – Statesman Corporate Finance, LLC (“Statesman”) is pleased to announce that (an affiliate of) The Detering Company of Houston, LP (“Detering”) has acquired the operating assets of South Texas Brick and Stone, LLC (“STBS”). The transaction closed on December 16, 2014.

Detering, headquartered in Houston, Texas, has served the Houston community since 1926. The Company sells a wide variety of high-quality building materials, including millwork, brick and stone, windows, cabinets and custom manufactured products, allowing customers to get the “one-of-a- kind” look they seek. Detering is owned and operated by Carl Detering, Jr. Carl’s daughter, Cassie, and son Carlos, are also active in the business. For more information on Detering, please visit: http://www.detering.com.

STBS, also located in Houston, was founded by Ralph Sauer, Damian Law and Trey Magee, all of whom will remain with the business. STBS specializes in selling high-quality artisan- crafted stone and brick. Their products include manufactured, antique and thin brick; manufactured and natural stone; and pavers. For more information on STBS, please visit: http://www.southtexasbrick.com.

“We are excited about South Texas Brick & Stone becoming a Detering company. By adding their outstanding personnel and superior product offerings to our current brick and stone program, we will be able to better serve the custom home builders in and around Houston”, said Carl Detering, president and owner of The Detering Company. Carl added, “We greatly appreciated Statesman’s experience and expertise in advising us on this very strategic acquisition.”

Statesman Corporate Finance, LLC served as the exclusive financial advisor to The Detering Company of Houston, LP. The Statesman transaction team was led by Principal Will Jaco and included Associates Peter Chiu and Walker French. Charles Koerth and Taylor Lamb of Gray Reed & McGraw, P.C. served as legal counsel for Detering and financing for the transaction was provided by Amegy Bank, N.A.; Gary Justice lead banker.

About Statesman:

Statesman is a leading middle market investment bank with offices in Houston and Austin, Texas, providing merger and acquisition sell-side, buy-side, and general corporate financial advisory services to small and middle-market companies located throughout Texas, Louisiana, Oklahoma, and New Mexico.