News

Maurice Pincoffs Canada, Inc. Is Acquired By Dyaco International Inc.

HOUSTON, TEXAS (July 1, 2013) – Dyaco International Inc. (“Dyaco”), the parent company of Spirit Fitness, Spirit Medical, Spirit Direct and Xterra Fitness, has completed its acquisition of Maurice Pincoffs Canada, Inc. (“Maurice Pincoffs Canada”), based in Niagara Falls, Canada. Dyaco is one of the largest fitness equipment manufacturers in the world with global headquarters in Taipei, Taiwan, and factories in Taiwan and China.

Maurice Pincoffs Canada is one of the largest fitness equipment distributors in Canada, supplying exercise equipment and trampolines to Sears, Walmart, Costco, Canadian Tire and other specialty fitness retailers across Canada.

Michael Lin, CEO of Dyaco International stated, “Maurice Pincoffs Canada has been Dyaco’s exclusive distributor in Canada for the past ten years and we are very excited to have the Company join the Dyaco International family.“ Chris Cox, President, Dyaco North America, added, “The experienced management team and staff in place at Pincoffs Canada will be a great asset for Dyaco’s continued expansion in North America.”

Maurice Pincoffs Canada was a wholly owned subsidiary of Maurice Pincoffs Company, Inc. (“Maurice Pincoffs and/or the Company”). With a history dating back over 125 years in international trade, Maurice Pincoffs specializes in international distribution and offshore manufacturing and sourcing across many industries. The Company is headquartered in Houston, Texas and has offices in China and Taiwan. John Griffin, CEO of Maurice Pincoffs commented, “The additional resources gained by Maurice Pincoffs Canada now being directly related to a leading manufacturer like Dyaco will only strengthen its product portfolio and help fuel its continued growth.”

Statesman Corporate Finance, LLC served as the exclusive financial advisor to Maurice Pincoffs in this divesture of its Canadian subsidiary. The Statesman transaction team included Principal Walter Tomlinson, Managing Director Gary Canon, and Associate Walker French.

Larry Stevens, Partner, and Reuben Rosof at Gardere Wynne Sewell LLP served as legal advisors to Maurice Pincoffs, and Frank Simonton, Managing Partner at Simonton & Kutac, LLP, served as the Company’s accounting and tax advisor.

Statesman Corporate Finance is a leading middle market investment bank headquartered in Houston, Texas. Statesman provides merger and acquisition sell-side and buy-side advisory services and general corporate financial advisory services to small and middle-market companies.

Statesman Contact:
Walter Tomlinson
Principal
(713) 595-1343
waltert@statesmanbiz.com

Allied Concrete Is Acquired By Alleyton Resource Corporation

HOUSTON, TEXAS (March 6, 2013) – Statesman Corporate Finance, LLC (“Statesman”) is pleased to announce that Allied Concrete, a division of Leaman Building Materials, Inc. (“Allied”) of Richmond, TX has been acquired by Alleyton Resource Corporation (“Alleyton”) of Columbus, TX. The transaction closed on December 21, 2012.

Allied, a family-owned business since 1954, produces concrete for a wide range of projects utilizing one of the newest mixer fleets among the Houston area’s ready mix providers. Allied’s fleet of over 100 trucks delivers concrete to such diverse construction projects as residential house slabs and flatwork, large commercial developments, street and highway paving, schools, and office buildings. Additionally, Allied provides concrete pumping services through a subsidiary company, Allied Concrete Pumping, LLC. Allied spreads its unique brand of personalized service throughout a wide geography that includes Houston and West Harris, Fort Bend, Brazoria and Waller counties in southeast Texas.

Alleyton, a private company established in 2003, is a wholesale provider of sand and gravel. The Company currently operates three sand and gravel plants in the vicinity of Columbus, Eagle Lake, and Altair, TX.

Statesman served as the exclusive financial advisor to Allied Concrete. The Statesman transaction team included Principal Will Jaco and Associate Karla Bayer.

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

Statesman Contact:

Will Jaco
Principal
(713) 595-1342
wjaco@statesmanbiz.com

 

CTW, LLC Is Acquired By MUY Hamburger Partners, LLC

HOUSTON, TEXAS (January 15, 2013) – Statesman Corporate Finance, LLC (“Statesman”) is pleased to announce that CTW, LLC (Central Texas Wendy’s – “CTW”) of Waco, TX has been acquired by MUY Hamburger Partners, LLC, an affiliate of MUY Brands, LLC (“MUY”) located in San Antonio, TX. The transaction was completed on December 21, 2012.

Founded in 1997, CTW owns and operates 18 Wendy’s franchise locations throughout the Central Texas region. The Company was privately held by several individuals. CTW has a geographical focus on the I-35 corridor which experiences heavy road traffic between the major metropolitan areas of Austin, Dallas, and San Antonio. Key markets CTW serves include Waco, Temple, Killeen (Ft. Hood Army Base), Copperas Cove, Marble Falls, Cleburne, and Burelson, TX. CTW’s business has benefited from a strong combination of factors including well positioned stores in growing markets with strong population demographics and sound regional economies. Additionally, Wendy’s overall has experienced meaningful brand momentum driven by thoughtful strategic improvements at the corporate level including menu innovation, increased national advertising, and selective reimaging.

The Wendy’s Company (NASDAQ: WEN) is the world’s third largest quick-service hamburger company. The Wendy’s system includes more than 6,500 franchise and Company restaurants in the U.S. and in 27 other countries and U.S. territories.

MUY was founded by Jim and Cathy Bodenstedt in 2003 when the company originally acquired 18 existing Taco Bell and KFC restaurants in West Texas and Corpus Christi. Today, MUY is the 14th largest private franchise restaurant company in the U.S. with over 9,000 employees. The Company’s current holdings include Pizza Hut, Taco Bell, and Wing Street stores.

Statesman served as the exclusive financial advisor to CTW, LLC. The Statesman transaction team included Principal Will Jaco and Associate Karla Bayer. Gregory Chanon of McGinnis, Lochridge & Kilgore, LLP located in Austin, TX served as legal counsel for CTW, LLC.

Statesman Corporate Finance is a leading middle market investment bank headquartered in Houston, Texas. Statesman provides merger and acquisition sell-side and buy-side advisory services and general corporate financial advisory services to small and middle-market companies.

Statesman Contact:

Will Jaco
Principal
(713) 595-1342
wjaco@statesmanbiz.com

 

Statesman Corporate Finance Expands Opening New Central Texas Office

HOUSTON & AUSTIN, TEXAS (June, 2013) – Statesman Corporate Finance (“Statesman”) is pleased to announce the expansion of the firm with the addition of a branch office located in Austin, Texas. With this new office, Statesman welcomes Managing Directors Lawrence (Larry) Schumann and Phillip Wilhite to the firm. “We felt the timing was right to expand into the Central Texas region and Larry and Phil are tremendously experienced intermediaries. We are excited about their decision to join Statesman and the greater coverage Statesman will have in the rapidly growing Central Texas markets.” said Will Jaco, Statesman’s President.

Larry Schumann has over 11 years of experience in advising and representing clients in business sales and acquisitions. He has completed numerous successful engagements in a broad cross section of industries including niche manufacturing, insurance services, automotive services, industrial and commercial services, oilfield services, consumer services, professional services, retail, adventure tourism, and specialty construction. Larry’s business experience includes 20 years at TCC Industries, Inc. (formerly TeleCom Corporation), a NYSE listed conglomerate involved in trucking, manufacturing, wholesale distribution, venture capital, insurance and real estate. While at TCC Industries, he served in a number of positions, including CEO for 5 years; and was involved in 19 merger and acquisitions transactions, as well as numerous capital financings in a variety of industries. Larry also has 3 years of experience as COO/CFO of SciComp Inc., a software development company, and 3 years on the audit staff of PricewaterhouseCoopers, the successor firm to Coopers & Lybrand.

Larry earned a Bachelor of Business Administration degree magna cum laude from Texas A&M University. He holds the FINRA Series 7, 66, and 79 securities licenses and is a Merger & Acquisition Master Intermediary (M&AMI) and Certified Business Intermediary (CBI). He is also a Certified Public Accountant (CPA) and holds a Texas real estate broker’s license. Larry is a member of the M&A Source, the Association for Corporate Growth (ACG), the International Business Brokers Association (IBBA), the Texas Association of Business Brokers (TABB), the American Institute of Certified Public Accountants (AICPA), and the Texas Society of Certified Public Accountants (TSCPA).

Phillip Wilhite uses his experience as a former business owner and 11 years of M&A transaction work to help his clients achieve their long-term strategic plans. After a stint as CFO of a regional construction firm, he acquired a small wholesale operation and built it into the fifth largest distributor in its industry, serving the grocery market across 16 states. He brings an owner’s perspective to the fields of M&A and corporate finance. Phillip has accumulated deal making experience in manufacturing, distribution, healthcare, professional services, and real estate hospitality, with transactions up to $50,000,000 in value.

Phillip earned a BBA in Accounting from The University of Texas at Austin, is a Certified Public Accountant, and worked on the audit staff of PricewaterhouseCoopers, the successor firm to Coopers & Lybrand for 4 years. He holds the Merger & Acquisition Master Intermediary (M&AMI) and Certified Business Intermediary (CBI) designations from the International Business Brokers Association, as well as a Texas real estate license. Additionally, Phillip is registered with FINRA holding the Series 7, 66, and 79 securities licenses. He is an active member of the International Business Brokers Association and M&A Source, currently serving as chairman of the M&A Expo committee of M&A Source, working with Private Equity Groups. Phillip is married with two grown children, coached youth baseball for fourteen years, and is active in charities including The First Tee of Greater Austin.

Southwest Heat Treat Is Acquired By Bluewater Thermal Solutions

(Houston, TX) Bluewater Thermal Solutions (“Bluewater”) recently announced it has acquired Southwest Heat Treat and Texas Energy Labs, both located in Houston, Texas. Bluewater, the largest North American based thermal processing provider, partnered with Aterian Investment Partners (“Aterian”) in purchasing the two businesses.

Southwest Heat Treat, in operation for over 30 years, is one of the largest and longest running commercial heat treating businesses serving oil and gas customers throughout the Greater Houston and South Central Texas region. Texas Energy Labs provides independent third party metallurgical and mechanical testing services.

Commenting on the acquisition, Michael Wellham, CEO of Bluewater said: “The acquisition of Southwest Heat Treat and Texas Energy Labs is an important milestone for the company and provides significant end market diversification and additional geographic reach, both of which are key strategic drivers for our business. The businesses are customer-focused organizations that provide high levels of service to their customers and are well positioned in their key end markets.”

New York based Aterian is a private equity investment firm focused on providing capital to leading small-to-middle market businesses across a broad range of industries. Aterian seeks opportunities to collaborate with management and targets businesses generating $25 million to $500 million in annual revenues with strong, proven franchises.

Statesman served as the exclusive financial advisor to Southwest Heat Treat and Texas Energy Labs, and the transaction team included Principal Walter Tomlinson and Associate Walker French.

Statesman Corporate Finance is a leading middle market investment bank headquartered in Houston, Texas. Statesman provides merger and acquisition sell-side and buy-side advisory services and general corporate financial advisory services to small and middle-market companies.

Statesman Contact:

Walter Tomlinson
Principal
(713) 595-1343
waltert@statesmanbiz.com

 

Subsurface Group, Inc. Joins Parsons Brinckerhoff

HOUSTON, TEXAS (January 3rd, 2013) – George J. Pierson, President and CEO of Parsons Brinckerhoff Group Inc., today announced that Subsurface Group, Inc. has joined PB Energy Storage Services in the US Power and Energy Division of Parsons Brinckerhoff, the 14,000-person global professional services firm specializing in infrastructure planning, design, program/construction management and engineer/procure/construction services.

Subsurface Group is a professional consulting and engineering firm providing services in underground injection, underground storage, specialty wells, petroleum and natural resources, and environmental science. Headquartered in Houston, Texas, the group also has offices in Baton Rouge, Louisiana and South Bend, Indiana. In its 2012 fiscal year, the 37-person Subsurface Group had revenues of approximately $50 million.

Said Mr. Pierson, “We are pleased to have the Subsurface Group as part of Parsons Brinckerhoff. The Subsurface Group’s recognized expertise in underground injection and specialty wells complements Parsons Brinckerhoff’s recognized expertise in underground storage for oil & gas, energy, and industrial clients.”

Joseph Sheldon, the President and co-owner of Subsurface Group stated, “As part of our ownership transition plan, we are pleased to know that our employees will be part of an organization which is dedicated to technical excellence and will offer them career opportunities moving forward.”

John Fleniken, Vice President and co-owner of Subsurface Group stated, “The complementary skill sets of both groups will combine to provide a unique and robust full service offering to our clients in the oil & gas, chemical, and industrial markets.”

In a letter to all employees of Parsons Brinckerhoff and Subsurface Group sent today, Mr. Pierson stated, “The addition of Subsurface Group as a new part of our U.S. Power and Energy Division aligns with our strategic goal of expanding the services we can provide to the energy market.”

Parsons Brinckerhoff is a leader in developing and operating infrastructure around the world, with approximately 14,000 employees dedicated to meeting the needs of clients and communities in the Americas, Europe, Africa, the Middle East, Asia, and Australia-Pacific regions. Parsons Brinckerhoff offers skills and resources in strategic consulting, planning, engineering, program/construction management, and operating for all modes of infrastructure, including transportation, power, community development, water, and the environment (www.pbworld.com). Parsons Brinckerhoff is the professional services arm of Balfour Beatty plc, the international infrastructure Group operating in professional services, construction services, support services, and infrastructure investments.

Statesman served as the exclusive financial advisor to Subsurface Group, Inc., and the transaction team included Managing Director Sid Shaver and Associate Walker French.

Statesman Corporate Finance is a leading middle market investment bank headquartered in Houston, Texas. Statesman provides merger and acquisition sell-side and buy-side advisory services, private placements of equity and debt, and general corporate financial advisory services to small and middle-market companies.

Statesman Contact:

Sid Shaver
Managing Director
(713) 590-4697
sshaver@statesmanbiz.com