News

Statesman Business Advisors, LLC Expands Corporate Finance and M&A Advisory Group

Prior to joining Statesman, Sid was a Shareholder in Weinstein Spira and Co, CPA’s and the Managing Director/Securities Principal of the Hunter Wise Investment Banking affiliate in Houston. Sid began his accounting career upon his graduation from the University of Houston and worked for several public accounting firms before forming S.M. Shaver & Co. CPA’s and Stratos M&A Group in 1982. These practices were merged into Weinstein Spira in 2000 where Sid continued providing transaction support consulting services and established the Hunter Wise Investment Banking affiliate under which he advised on M&A and other security related transactions.

Sid has participated in a substantial number of M&A transactions in which he has served as the lead investment banker, advisor to the board of directors, consultant to private equity firms, and also due diligence and tax advisor. Sid’s professional designations include Certified Public Accountant, Series 7, 66, 79 and 24 Securities licenses, Certified Merger and Acquisition Advisor, Certified Financial Planner, and Personal Financial Specialist. Sid is also a voting member of the College Football Hall of Fame.


Will Jaco Earns Certified Merger & Acquisition Advisor Designation

The Alliance of Merger & Acquisition Advisors® initiated the CM&AA program to develop an essential standard of excellence for middle market corporate financial advisory. “To achieve our goals,” noted Michael Nall, Executive Director of AM&AA, “we’ve created a practical, relevant, and comprehensive professional development program that builds on the previously existing skills. This advanced credential provides an important ‘gold standard’ to assist the client in selecting the best advisor. Moreover, we’ve established extremely high professional and ethical requirements to insure the integrity of the CM&AA designation. For the 1st time ever, owners of privately held companies now have a key benchmark of competency for help with critical ‘once in a lifetime’ kinds of decisions.”

Statesman Adds Equipment and Inventory Appraisal Services

Scott´s extensive background includes appraisals in the following tangible business asset categories: plant machinery, lab equipment, food processing machinery, oilfield equipment, inventory, high-tech gear, medical equipment, rolling stock, and office, furniture and equipment. He is licensed, certified, bonded, and insured. Scott´s valuations conform to Uniform Standards of Professional Appraisal Practices (USPAP). They are admissible to regulatory authorities, local taxing agencies, the IRS, banks, examiners, insurance companies, and a court of law.

Prior to joining Statesman, Scott owned, operated, and capitalized several companies in industries ranging from finance, valuation services, auctioneering, and software development. Since 2003, he has been dedicated to the valuation and sale of tangible business assets. Most recently, he was President and CEO of CIS Asset Solutions, Inc., a company specializing in the appraisal of tangible business assets. Scott is a graduate of The University of Texas at Austin.

Founded in 1995, Statesman Business Advisors has grown to become one of Houston´s premier financial advisory firms serving mid-market business owners. In addition to our lender due diligence services, Statesman specializes in selling businesses, buy-side acquisition representation, management buyout/recapitalizations, business financing and capital sourcing, and accredited business valuations and appraisals.

Diamond Gear Company, Ltd. Acquired by ERIKS nv

Diamond Gear, established in 1997, is a manufacturer of Industrial Worm Gears, Bevel Gears, and Declutchable Worm Gears, and the exclusive North American representative and master distributor for a high-technology line of pneumatic, rack and pinion actuators, used for valve automation. Diamond Gear maintains substantial inventories of the full range of its product offerings and provides value added services through its in-house machine shop to modify the gears and fabricate mounting hardware to fit just about any valve configuration. Diamond Gear supplies its products and services primarily to valve manufacturers, valve distributors, and valve repair and modification shops throughout the Gulf Coast region.

ERIKS, based in the Netherlands, together with its subsidiaries, procures, stores, processes, sells, and distributes a range of mechanical engineering components in Europe, the United States, and southeast Asia.

King Southwest and Consulting, Inc. Acquires Hercon Instruments, Inc.

King Southwest, established in 2002, provides engineering, manufacturing, and downhole tool design services for some of the largest and most well-respected companies throughout the oil and gas industry.

Hercon, located in Houston, Texas, has been providing medical companies, electronics manufacturers, and the oil and gas industry with precision machined components for nearly 30 years. Hercon operates with seven CNC Machining Centers, four CNC Turning Centers, four Bridgeport Mills, and two engine lathes. Hercon can also provide Wire and Sinker EDM services.

Statesman Expands Its Managerial Support Team

Additionally, Michelle´s extensive background and experience in banking, and in particular SBA lending and credit analysis, will strengthen the Company´s relationships with its existing bank partners and provide additional support for the firm´s SBA loan packaging and field audit service offering.

Michelle joins Statesman after a 17 year career with a major commercial banking institution where she steadily progressed from a part-time teller during college to Vice President of SBA Lending. She also served as primary supervisor of the credit analyst training program during her banking tenure. Michelle is a graduate of the University of Houston with a BBA – Finance degree.

Founded in 1995, Statesman Business Advisors has grown to become one of Houston´s premier financial advisory firms serving mid-market business owners. Statesman´s team of highly qualified professionals specialize in middle-market Mergers & Acquisitions advisory services, capital sourcing of both equity and debt (mezzanine and senior), conventional and SBA business financing, accredited business valuations, equipment appraisals, and lender related due diligence. Statesman provides its clients efficient access to capital through its extensive relationships with commercial banks, mezzanine funds, private equity groups and other institutional and private investors.