News

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.

Texas Steel Processing, Inc. acquired by Joseph T. Ryerson & Son, Inc.

TSPI was founded in 1995 under the name Texas Plate Processing, Inc. and in 2001 became Texas Steel Processing, Inc. when it was purchased by the current owner.  TSPI moved into a new built-to-suit facility in late 2008 to meet their growing demand.  Their fabrication processes include: plasma/oxy burning, robotic beveling, state-of-the-art rolling, forming and ASME welding.  They serve various markets including tanks, pressure vessels, heat exchangers, subsea, and OEMs.

Ryerson Inc., based in Chicago, Illinois, is an American processor and distributor of metals with operations in the US, Canada and China, announced

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.

Service Refrigeration Company Recapitalized by Freestone Partners, LLC

Service Refrigeration Company provides consulting, equipment sales, installation, and service to commercial refrigeration, HVAC, and plumbing systems for grocery stores, food processing and distribution companies, and other industrial companies.

Founded in 1986 and privately owned, Service Refrigeration has over 150 full-time employees throughout Texas.