ParFab Companies Has Been Acquired by Trive Capital
HOUSTON, May 24, 2016 -- GulfStar Group ("GulfStar") is pleased to announce Trive Capital's ("Trive") investment in and partnership with the ParFab Companies, which is comprised of ParFab Industries, LLC and ParFab Field Services, LLC, collectively ("ParFab"). GulfStar served as the exclusive financial advisor to ParFab throughout the transaction, which closed on April 19, 2016.
Headquartered in Inola, Oklahoma, ParFab is a provider of components and field services for heat and pressure intensive applications related to the downstream energy infrastructure markets. ParFab focuses on steel fabrication, ASME coil welding, piping, refractory and industrial coatings services from its fabrication facility, and its field services division focuses on process heater erection, revamp / re-tubing, and other activities stemming from the downstream new capital and recurring maintenance cycles.
"This could not have happened without GulfStar's transaction expertise, strategic positioning and commitment to guiding us through the process of establishing this important partnership with Trive," said Pat Guest, co-owner of ParFab. "I appreciate GulfStar's involvement in making this transaction a reality."
Trive Capital is a Dallas, Texas-based private equity firm investing in equity and debt securities with approximately $900 million in capital under management. Trive focuses on investing in what it sees as strategically viable middle-market companies with the potential for transformational upside through operational improvement. Trive seeks to maximize total returns to its investors through a hands-on, collaborative partnership with management teams and equity partners.
"Since founding the company in 2001, the team at ParFab has built a terrific business and established itself as a leading service provider in its sector. It's new partnership with Trive positions ParFab for continued growth and further expansion of its business," said Kent Kahle, managing director at GulfStar. "While there continues to be a high degree of turmoil in the upstream sector of the energy industry, the downstream services sector remains an area of focus and activity in GulfStar's Energy, Power and Infrastructure vertical."
The GulfStar team consisted of Managing Directors Kent Kahle and Colt Luedde, supported by Senior Vice President Brian Lobo, Vice President Rupert Gerard and Analyst Sahil Raj.
About GulfStar Group
GulfStar is a leading middle market investment bank headquartered in Houston. GulfStar specializes in providing merger and acquisition advisory services, institutional private placements of equity and debt, and general corporate finance advisory services to companies with revenues or enterprise values generally ranging from $25 million to $350 million. Since its formation in 1990, GulfStar has completed more than 630 transactions in 32 states and 14 foreign countries across a variety of industries.
Securities offered through GulfStar Group I, Ltd. an affiliated entity, member FINRA – SIPC.