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.

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

Statesman Business Advisors Expands Field Examiner Staff

With the addition of Karla and Mike, Statesman´s due diligence staff has increased to six full-time and three part time persons. Over the past ten years, Statesman´s professional due diligence team has completed over 2,000 separate assignments throughout Texas and in fifteen other states.

Both Karla and Mike have extensive financial services backgrounds and will make an immediate contribution to the growth of Statesman´s due diligence capabilities. Karla´s background includes seven years of commercial banking with Post Oak Bank, Compass Bank, and Frost Bank where she was a VP of Commercial Lending. For the past nine years, Karla has served as CFO of a privately held company. Her bank and lending background, combined with actual operating company experience, provides a solid basis for understanding the complexities of the field review process. Karla is a Cum Laude graduate of the University of Houston with a BBA in Finance.

Mike has an extensive financial background working for both bank and non-bank lenders alike in a variety of capacities including commercial lending, credit approval, and portfolio management. Most recently, Mike was an AVP with JP Morgan Chase Bank with underwriting and due diligence responsibilities. Mikes understanding of the credit approval process and practical experience in monitoring operating credits will allow him to quickly gain an understanding of Statesman´s proprietary due diligence process. Mike earned a BBA degree from the University of Texas at Austin. We are very excited about the addition of both Mike and Karla to our team.