News

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

 

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

Statesman Business Advisors, LLC Advises REO Radio Group, LLC in its transaction with Genuine Austin Radio, LP

Statesman Business Advisors, LLC (“Statesman”) is pleased to announce that REO Radio Group, LLC (“REO”) of Austin, Texas has entered into a Local Marketing Agreement (“LMA”) and Purchase Option with Genuine Austin Radio, LP (“GAR”) also of Austin.  Statesman served as the exclusive financial advisor to REO in this transaction.

Long time Austin radio personality Bob Cole has teamed with Austin attorney Jason Nassour and former KVET morning show producer and afternoon host Eric Raines to acquire the 99.3 FM frequency from Texas Radio Hall of Fame broadcaster Dick Oppenheimer.  The 99.3 frequency has been rebranded with the iconic KOKE-FM call letters and will be simulcast on 98.5 FM.  The 99.3 frequency was previously a Christian talk format, and that format will move to 1490 AM.

“You go back to the 70’s, KOKE FM is the center, the catalyst of what made that outlaw Texas movement of Willie Nelson and Waylon Jennings, David Allen Coe, Wilie Hubbard, and Jerry Jeff Walker,” Bob Cole, KOKE-FM co-founder, said.  “All of those folks became known because of the hipness, if you will, that KOKE-FM had and shared with those musicians.”  “I knew about KOKE-FM long before I came to Austin,” Cole said. “It’s legendary. That’s what we’re out to re-create.”  “Everybody has that perfect radio station in their head,” Raines said. “We’re going to be putting our arms around the local and Texas music scenes.  It’s going to be a mix of everything we consider cool.”  Some of the artists who will probably be featured on the playlist, according to Raines, include Asleep at the Wheel, Bob Schneider, Hank Williams, the Josh Abbott Band, and the Randy Rogers Band.

A handful of “strategically picked” Central Texans have contributed funds to help with the purchase of 99.3 FM, Nassour said.  “I’ve represented clients for 15 years, helping them get deals done, but it’s not often I get involved in one. This was just a heck of an opportunity. I want what everyone else in Austin wants, and I wanted to make sure we got it.”

Although Austin has a handful of locally owned noncommercial radio stations on the FM dial, Cole said KOKE-FM will be the city’s only locally owned commercial – or advertiser-supported – station.

Statesman Business Advisors, LLC (Houston, Texas) provides Investment Banking, Merger & Acquisition, Capital Sourcing, and Business Valuation services for middle-market companies. Will Jaco, Principal, led this transaction on behalf of REO.

Statesman Contact:

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