HOUSTON, TEXAS (April 5, 2021) – Statesman Corporate Finance, LLC (“Statesman”) is pleased to announce that Post-Tension Solutions of Texas, Inc. (“PTS”) and United Structural Consultants, Inc. (“USC”) have been acquired by DPIS Builder Services (“DPIS”), a portfolio company of Saw Mill Capital, LLC (“Saw Mill Capital”). Statesman served as the exclusive financial advisor to PTS-USC throughout the transaction, which closed February 22, 2021.
Alan Birbeck, President of USC said, “Statesman did an outstanding job identifying various options for us to consider in contemplating a sale of our company. This transaction had significant complexities combining our two businesses into a single transaction, for which the Statesman team provided invaluable support to our accounting and finance team. We could not be more pleased with the results and how this transaction positions us for further growth as part of DPIS Builder Services.”Jonathan Risch, CEO of DPIS, commented, “This is a significant advancement in our vision of becoming the premier third-party inspection services firm for home builders on a national basis.” Scott Rivard, Partner at Saw Mill Capital, commented, “This transaction represents the second strategic acquisition completed by DPIS in partnership with Saw Mill Capital. The acquisition of PTS and USC enhances DPIS’ scale and breadth of services, which we believe are unmatched by any competitor in the industry. We look forward to leveraging the acquired capabilities of both PTS and USC to further enhance DPIS’ market leadership position.”
About the other transaction participants
Statesman Corporate Finance, LLC (Houston & Austin, TX) is the FINRA-licensed broker dealer affiliate of Statesman Business Advisors, LLC. With offices in Houston and Austin, Texas, Statesman is a leading middle-market investment banking firm providing merger and acquisition, capital formation, valuation, and other general corporate financial advisory services to middle-market companies. The Statesman team advising on this engagement was Principal Walter Tomlinson, Director Gary Canon, and Associate Nathan Hurst.
Saw Mill Capital (Briarcliff Manor, NY) is a private equity firm that acquires business service, specialty distribution, and manufacturing businesses with enterprise values of $25 million to $200 million.
Doherty & Doherty LLP (Houston, TX) seller’s legal advisor, led by Partner J. Patrick Doherty.
Pannell Kerr Forster of Texas, P.C. (Houston, TX) seller’s tax advisor, led by Jim Streets, CPA, Tax Director.
Reinhart Boerner Van Deuren S.C. (Milwaukee, WI) buyer’s legal advisor, led by Nathan J. Neuberger, Shareholder, and Christopher M. Hruska, Associate.