Posted May 2, 2022

GulfStar Group Announced as a Winner at ACG Houston’s Fifth Annual Deal of the Year Awards Ceremony

Business Services,
Energy, Power & Infrastructure,
Industrial Services & Manufacturing
Transaction Type
Mergers & Acquisitions
Houston, Texas

HOUSTON, May 2, 2022 – The Association for Corporate Growth (“ACG”) Houston announced GulfStar Group (“GulfStar”) as a winner at the Fifth Annual Deal of the Year Awards Ceremony on Tuesday, April 19, 2022 at the River Oaks Country Club. GulfStar was awarded Deal of the Year in two categories: Industrial Services and Manufacturing & Industrial.

The Acquisition of Power Plumbing by Peltram Plumbing Holdings, led by Managing Directors Cliff Atherton and Tom Hargrove, won Industrial Services Deal of the Year. Power Plumbing is a leading plumbing contractor for multi-family residential projects with offices in Houston, Dallas, Austin and San Antonio. Prior to its sale to Peltram Plumbing Holdings, it was a 100% ESOP company.

“We are truly honored to be recognized by ACG Houston and our industry peers,” said Tom Hargrove, co-founder of GulfStar. “We would like to congratulate the dedicated and talented teams of Power Plumbing, Peltram Plumbing Holdings and Crescendo Capital Partners for their considerable efforts. We’d also like to acknowledge BoyarMiller, the Law office of Bill Green, Morrison Cohen, Intrinsic and Lockton Companies.”

The Acquisition of McDaniel Metals by Transition Capital Partners (TCP), led by Managing Director Colt Luedde, won Manufacturing & Industrial Deal of the Year. Based in Houston, McDaniel Metals is a leading manufacturer of innovative, high-performance HVAC components since 1982. TCP partnered with the management team to support the Company’s continued growth in the HVAC components industry. Plexus Capital provided debt and equity capital.

“We are honored to have had the opportunity to work with the McDaniel Metals team at such an important time in the life of the company. We congratulate them and the team at TCP on this award and wish them immeasurable success as they work together to write the next chapter of McDaniel Metals,” said Colt Luedde. “I would also like to acknowledge the other firms who served a crucial role on this deal – Arthur J. Gallagher & Co., Ewing & Jones, Moss Adams, Plexus Capital, Snell Levin & Co. and Winston Strawn.”

In addition, the following GulfStar deals were nominated as finalists in the Industrial Services and Manufacturing & Industrial categories, respectively: The Acquisition of Emission Monitoring Service by Alliance Technical Group and the Acquisition of Plasson USA by ISCO, both led by Managing Director Bryan Frederickson.

ACG Houston’s event celebrated the city’s booming middle-market deal community, honoring the deals and dealmakers who drive middle market growth and their success in generating job growth, capital formation and the advancement of meaningful business relationships in the Houston community. The finalists and winners were selected by an independent panel of esteemed judges and top business leaders, including Eric Bruce, CPA, Manager at Crowe LLP; Ernest Hunter, CEO of The Frenchy’s Companies; Michelle Suarez, Partner at Holland & Knight; Jennifer Whalen, CFO of The Bristow Group; Ken Wiles, PhD, CFA, Executive Director of Hick, Muse, Tate & Furst Center for Private Equity Finance; and A. Kelly Williams, Managing Director at Milestone Venture Group.

To view a list of ACG Houston’s Fifth Annual Deal of the Year Award winners, please click here.

About ACG Houston
ACG Houston is the region’s premier association focused on middle market corporate growth. Our goal is to help business professionals in the M&A community do more business with the right partners. ACG Houston hosts a variety of events throughout the year to provide our local business leaders an opportunity to gain visibility and connect with people and ideas to strategically grow companies.

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 approximately 750 assignments in 36 states and 16 foreign countries across a variety of industries.

GulfStar Group
700 Louisiana Street
Suite 3800
Houston, Texas 77002


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