MSI Supply Has Been Acquired by Winsupply

HOUSTON, December 12, 2018 – GulfStar Group (“GulfStar”) is pleased to announce the acquisition of MSI Supply, Inc. (“MSI” or the “Company”) by Winsupply Inc. (“Winsupply”). GulfStar served as the exclusive financial advisor to MSI throughout the transaction, which closed on November 16, 2018.

Founded in 1999 and based in Houston, Texas, MSI is a leading distributor of pipes, valves, fittings, gaskets and fasteners to industrial customers across the Gulf Coast. The Company primarily focuses on sourcing materials for emergency situations and ongoing routine maintenance. The Company offers more than 50,000 SKUs and utilizes its proprietary bidding software, which enables it to quote immediately upon request, and delivery often occurs within hours. MSI will continue to be led by its current President, Chad Smith.

“The MSI team is excited to enter into a strategic partnership with Winsupply. Winsupply’s broad resources will be a tremendous asset in the future growth and direction of MSI,” said Chad Smith, president of MSI. “We want to thank the GulfStar team for their thoughtful and experienced guidance throughout the process.”

Headquartered in Dayton, Ohio, Winsupply is a leading supplier of residential and commercial construction and industrial supplies and equipment. The privately-held company has nearly 600 wholesaling locations in 45 states and offers entrepreneurs the unique opportunity to own a meaningful part of the local business. Collectively, Winsupply is known as “The Winsupply Family of Companies” and includes Win-branded locations, Noland Company, Carr Supply, Wyatt Irrigation, Electrical Sales, Inc., APCO, Tacoma Electric and Thomas Pipe. In the family, there are companies conducting business-to-business wholesale distribution of supplies and equipment in plumbing and heating; hydronics; pipe, valves and fittings; HVAC and refrigeration; electrical; fastening hardware; waterworks and utility; pumps; turf irrigation and landscape; and fire system fabrication.

“MSI has experienced tremendous growth under the leadership of Chad Smith and Joshua Mayes, who purchased the Company in 2011,” said Brian Lobo, managing director of GulfStar. “Its new partnership with Winsupply will allow the Company, its employees and its customers to benefit significantly from Winsupply’s scale and geographic reach, while also enabling Winsupply to further establish its presence in the Gulf Coast industrial market.”

The GulfStar team was led by Managing Director, Brian Lobo along with Vice President, Charles Craig and Associate, Alex Pette.

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 675 transactions in 34 states and 16 foreign countries across a variety of industries.