Press Releases
Posted January 16, 2024

GulfStar Group Advises Texcel on its Strategic Partnership with Harbour Group

Specialty Distribution
Transaction Type
Mergers & Acquisitions
Houston, Texas

HOUSTON, January 16, 2024 – GulfStar Group is pleased to announce that Trelltex, Inc. (DBA Texcel) has joined the Harbour Group family of companies. Texcel will operate alongside Harbour’s existing specialty-flow component businesses, Stainless Hose Fittings (SHF), Omega One, and AMFM. GulfStar served as the exclusive financial advisor to Texcel throughout the transaction, which closed on December 1, 2023.

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. Headquartered in Houston, 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.

“Texcel has many exciting opportunities on the horizon, and I thought long and hard about who the best partner would be to help us realize those opportunities,” said Ed Nasta, CEO of Texcel. “The Harbour family is a great fit with our organization with respect to culture, a customer-first, highly service-oriented attitude and a strong desire to invest and grow our businesses to better serve our customers and suppliers, while creating expanded opportunities for our employees. On behalf of the Texcel family, I want to express my sincere gratitude to the GulfStar team for their unwavering dedication, practiced insights and steady guidance throughout the process. Together, we made a great team and I’m certain that the decision to partner with GulfStar enabled us to arrive at the very best outcome for Texcel.”

Harbour is a privately owned operations-focused company based in St. Louis, Missouri. Harbour’s operating companies are engaged in manufacturing and distribution across a broad range of industrial segments. Since its founding in 1976, Harbour has acquired 228 companies in 49 different industries.

Headquartered in Houston, SHF, Omega One and AMFM operate as a unified business platform supplying stainless-steel adapters, fluid power fittings and valves to a wide range of end markets. SHF stocks high-quality, hard-to-find parts in metric and imperial sizes. The platform is actively pursuing additional acquisition opportunities throughout the fluid power and flow control industries.

“Over four decades of strong commercial execution, Texcel has established an extraordinary market presence and peerless trade reputation. The Company’s demonstrated ability to consistently outmaneuver global competitors is borne of a fundamental code of integrity that permeates every aspect of the operation, its talented employees and its highest standard, mission-critical products. We roundly congratulate Ed Nasta for building an exceptional business with a remarkable corporate culture, and we are immensely grateful to Ed and the Texcel team for placing their trust in GulfStar to help navigate to this very successful outcome,” said Scott Winship, managing director at GulfStar.

The GulfStar team was led by Managing Directors Scott Winship, Colt Luedde and Ben Stanton along with Associate Jack Brady and Analyst Zack Mays.

About GulfStar Group
GulfStar is one of the leading middle market investment banking firms in the United States, with deep experience in mergers and acquisitions, private capital placement and strategic advisory to companies with revenues ranging from $25 million to $350 million. Since its formation in 1990, GulfStar has completed more than 750 transactions in 38 states and 18 foreign countries across a variety of industries.

GulfStar Group
700 Louisiana Street
Suite 3800
Houston, Texas 77002


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