GeoFields Has Been Acquired by Emerson

HOUSTON, October 26, 2017  — GulfStar Group (“GulfStar”) is pleased to announce that GeoFields, Inc. (“GeoFields” or the “Company”) has been acquired by Emerson (NYSE: EMR). GulfStar served as the exclusive financial advisor to GeoFields throughout the transaction, which closed on October 3, 2017.

GeoFields is a leading global supplier of software and services for pipeline integrity data collection, management and risk analysis for the oil and gas industry. GeoFields’ software enables pipeline operators to collect critical integrity data, perform risk modeling and high consequence area (HCA) risk analysis, and prioritize pipeline integrity-related maintenance and asset management activities. The Company is headquartered in Atlanta, with offices in Houston and Denver.

Headquartered in St. Louis, Missouri, Emerson is a global technology and engineering company providing innovative solutions for customers in industrial, commercial, and residential markets. Emerson’s Automation Solutions business helps process, hybrid, and discrete manufacturers maximize production, protect personnel and the environment while optimizing their energy and operating costs.

“By combining GeoFields’ software and services for pipeline integrity management with Emerson’s existing Plantweb digital ecosystem offerings, Emerson will be able to expand its digital portfolio, provide better value to customers, ensure greater regulatory compliance and reduce risk associated with costly releases and safety incidents,” said Keith Chambless, president of GeoFields. “We greatly enjoyed working with the GulfStar team whose experience in the sector and strategic consultation were instrumental in closing a very positive transaction for our stakeholders.”

“GeoFields married our software and tech-enabled services expertise with our midstream energy experience to achieve an excellent result for our client,” said Roshan Gummattira, managing director of GulfStar. “We appreciated working successfully with GeoFields’ management and its passive owner in a difficult end market environment,” added Kent Kahle, managing director and co-founder of GulfStar.

The GulfStar team consisted of Managing Directors Kent Kahle and Roshan Gummattira along with Associate Charles Craig and Analyst Patrick Rowland.

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 650 transactions in 33 states and 15 foreign countries across a variety of industries.