Finding the right growth partner to realize opportunities on the horizon

The Client
Texcel is a leading branded supplier of premium quality industrial and hydraulic hoses and fittings, fluid sealing products and related services. With over 40 years of commercial operations, Texcel has established a clear leadership position in the fluid conveyance market through significant, long-term investments in product development, platform infrastructure and exceptional customer service. Texcel has established a strong national footprint, serving top-tier independent distributors across the country out of facilities located in Texas, Illinois, Delaware, Alabama and Colorado.

With 30+ years of continuous ownership, Texcel’s CEO decided it was the appropriate time to explore a strategic partnership that would unlock the Company’s embedded growth potential through the integration of highly complementary product solutions, expanded geographic reach, platform scale and institutional capital resources.

After a thoughtful and extensive Investment Bank interview process, Texcel retained GulfStar Group as its exclusive financial advisor to guide the Company through this transformative, mission-critical process.

GulfStar Impact
GulfStar leveraged its deep industry experience, broad network of buyer relationships and proven process management expertise to drive a highly competitive process resulting in an exceptional outcome for the shareholders. Paired with a very strong business and a highly talented management team, the GulfStar process yielded over 30 offers from industry leading buyers and was completed at a demonstrably premium valuation.

Outcome
Texcel was acquired by the Harbour Group joining its existing platform businesses (SHF OmegaOne and AMFM) to immediately establish a fully integrated, one-stop Fluid Management products and services platform.