APG Has Been Acquired by SHF

HOUSTON, October 5, 2026 — GulfStar Group (“GulfStar”) is pleased to announce the acquisition of American Packing & Gasket Holdings, LLC (“APG” or the “Company”) by SHF, Inc. (“SHF”), an operating company of Harbour Group. As part of the transaction, APG will join Harbour Group’s family of flow component businesses, operating alongside SHF, Texcel and OmegaOne. GulfStar served as the exclusive financial advisor to APG throughout the transaction, which closed July 13, 2026.

Founded in Southeast Texas in 1943, APG is a master distributor of sealing and fluid conveyance products, including O-rings, gaskets and couplings, with operations in Houston and Knoxville, Tennessee. In 1944, EVER-TITE™, now owned by APG, patented the first cam and groove coupling, which was quickly adopted by the U.S. military. Today, APG operates as a value-added master distributor, maintaining a deep inventory of more than 40,000 active SKUs supported by a diversified network of OEM suppliers and delivering core value-added capabilities, including O-ring bagging, kitting and custom gasket fabrication, to customers across a variety of end markets.

“Joining the SHF, Texcel and OmegaOne platform marks an exciting new chapter for APG, and we appreciate GulfStar’s industry expertise, guidance and support throughout the process, which helped us identify the right strategic partner,” said Todd Farnsworth, CEO of APG. “Our team’s commitment to service, quality and long-standing customer relationships remains as strong as ever. With the platform’s added support, resources, and shared expertise, we have an even greater opportunity to build on APG’s legacy, accelerate our growth and deliver more value to the customers who have trusted APG for generations.”

Based in Houston, SHF is a manufacturer and distributor of stainless steel fittings serving petrochemical, food and beverage and maritime industries. SHF, Texcel and OmegaOne operate as a unified business platform offering stainless steel adapters, fluid power fittings, braid bands, instrumentation fittings and valves. As a supplier to a variety of end markets, including marine, industrial and chemical, the platform stocks high-quality, hard-to-find parts in both metric and imperial sizes. The platform will continue to actively pursue additional acquisition opportunities throughout the fluid power and flow control industries.

“We are proud to have supported APG through this transaction and to continue our longstanding relationship with Harbour Group following GulfStar’s successful sale of Texcel in 2023,” said Ben Stanton, managing director at GulfStar. “For more than 80 years, APG has built an exceptional reputation for quality, technical expertise and customer service. Harbour Group is an ideal partner to build on that legacy, and the combination with its specialty flow control and sealing platform, creates meaningful opportunities to broaden capabilities, deepen customer relationships and support long-term growth.”

The GulfStar team was led by Managing Directors Ben Stanton and Colt Luedde, with support from Associates Ben Ludwig and Alan Sheppard as well as Analyst Aaron Clark.

About GulfStar Group
GulfStar is one of the leading middle market investment banking firms in the United States, with a proven track record of delivering exceptional results in mergers and acquisitions, private placements and strategic advisory services. We advise private business owners and corporate clients with revenues ranging from $25 million to more than $350 million across a variety of key industry sectors. Founded in 1990, GulfStar has completed more than 770 transactions in 38 states and 18 foreign countries.

About Harbour Group
Harbour Group is a privately owned operations-focused company based in St. Louis, Missouri. Harbour Group’s companies are engaged in manufacturing and distribution across diverse industries, including plumbing fixtures, control solutions, supply chain condition monitoring solutions, remote monitoring solutions, specialty fittings, professional diagnostic and repair tools, specialty chemicals, pet coat care products, outdoor living products, thermal management solutions, and auxiliary plastic processing equipment. Since its founding in 1976, Harbour Group has acquired 237 companies in 51 different industries.