TriStar Global Energy Solutions Has Obtained Financing from Texas Capital Bank
HOUSTON, October 21, 2013 - GulfStar Group is pleased to announce that TriStar Global Energy Solutions, Inc. (or the "Company") has obtained $11,000,000 of senior debt financing from Texas Capital Bank. GulfStar served as exclusive financial advisor to TriStar Global Energy Solutions during the transaction, which closed on October 1, 2013.
TriStar Global Energy Solutions is one of the leading hydrocarbon cleaning and decontamination companies in the U.S. and offers an integrated suite of products and services designed to help customers reduce downtime and improve operating efficiency. These services are critical to the efficient operations of its customers, which historically have been comprised primarily of refineries and petrochemical plants.
Tom McQueary, President of TriStar Global Energy Solutions commented, "GulfStar's leadership in our senior debt placement was integral to the financial component of our long term growth strategy. We look forward to GulfStar's continued involvement with our firm."
The GulfStar team included Managing Director Colt Luedde, Vice President Chris Coonfield, Associate Bobby Bryan and Analyst Caroline Incavo. "It was a pleasure working with the entire TriStar Global Energy Solutions team on this transaction," said Luedde. "Texas Capital Bank's knowledge, experience and capital support will assist TriStar Global Energy Solutions in meeting the growing demand for hydrocarbon decontamination and cleaning through its integrated suite of products and services designed to help customers reduce downtime and improve operating efficiency."
About GulfStar Group
GulfStar is a leading middle market investment and merchant 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 over 575 transactions in more than 30 states and seven foreign countries across a variety of industries. Through its merchant banking affiliate, the firm also makes equity and subordinated debt co-investments.
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