JohnSon Fence Has Been Acquired by Quadrex Capital Partners
HOUSTON, May 20, 2020 -- GulfStar Group ("GulfStar") is pleased to announce that JohnSon Stain LLC, d/b/a JohnSon Fence Ltd. ("JohnSon Fence" or the "Company") has been acquired by Quadrex Capital Partners LLC ("Quadrex Capital Partners"). GulfStar served as the exclusive financial advisor to JohnSon Fence throughout the transaction, which closed on February 10, 2020.
Founded in 2002, JohnSon Fence is the largest designer and installer of decorative and functional residential fencing in the southeast Texas market. Founders John and Eric Dale, a father and son team, recognized the opportunity to professionalize a highly fragmented and poorly managed segment of the homebuilding industry. JohnSon Fence is one of the few companies capable of providing most types of fencing and gates, including wood picket, decorative wood, masonry (brick, stone), iron and ranch style. The Company's customer base primarily comprises major homebuilders and residential developers. JohnSon Fence has grown its business by gradually building and leveraging a reputation for reliability by providing quality work and timely delivery that are unparalleled in the industry. The Company serves a large and growing list of communities in the region from its facility in Tomball, Texas.
"From the beginning, the GulfStar team did an amazing job walking us through the entire process and telling us what to expect," said Eric Dale, vice president of JohnSon Fence. "Whenever something came up, Bryan and Cliff were immediately on it, and their entire staff was very professional and helpful. Quadrex was likewise excellent to work with throughout, and sensitive to the complexities of dealing with acquiring a family-owned business."
Quadrex Capital Partners is a family office private investment firm, which manages a diversified portfolio of assets across various sectors. Quadrex Capital Partners aims to leverage its team's long history and experience in controlling and directly managing operating companies and opportunistic real estate assets.
"JohnSon Fence has a unique business model within its industry, and the team was a pleasure to work with," said Bryan Frederickson, managing director of GulfStar. "Partnering with Quadrex enabled one founder to fulfill his objective of transitioning towards retirement while providing growth capital and expertise for the remaining ownership. We appreciated the hard work and dedication that all parties put forth to reach this positive outcome."
The GulfStar team was led by Managing Directors Bryan Frederickson and Cliff Atherton along with Senior Vice President Ben Stanton and Analyst Tyler Woodby.
Casey Doherty of Doherty and Doherty LLP served as JohnSon's legal counsel. Barry W. Adkins of Chamberlain, Hrdlicka, White, Williams & Aughtry served as legal counsel to Quadrex Capital. Weaver and Tidwell, L.L.P. provided accounting services for the transaction.
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 700 transactions in 35 states and 16 foreign countries across a variety of industries.