Quality Connector Systems, LLC Has Been Acquired by Oil States Industries, Inc.

HOUSTON, December 9, 2013 – GulfStar Group (“GulfStar”) is pleased to announce the sale of Quality Connector Systems, LLC (“QCS” or the “Company”) to Oil States Industries, Inc., a subsidiary of Oil States International, Inc (“Oil States”). GulfStar served as exclusive financial advisor to QCS throughout the transaction, which closed on December 2, 2013.

QCS designs, engineers, manufactures and delivers deepwater and shallow water connector solutions to the subsea pipeline industry in the U.S. and internationally. Headquartered in Houston, Texas, the Company supplies products for pipeline construction, tie-ins, repairs, abandonments, hot taps and re-routes.

“We believe QCS’s combination with Oil States will provide outstanding opportunities in the subsea pipeline market for our combined product offering. QCS has developed a strong international presence with its proprietary products and Oil States will accelerate our ability to grow in these markets,” said Ken Breaux, Chief Executive Officer.

Oil States International, Inc. is a diversified oilfield services company and is a leading integrated provider of remote site accommodations with prominent market positions in the Canadian oil sands and the Australian mining regions. Oil States is also a leading manufacturer of products for deepwater production facilities and subsea pipelines as well as a provider of completion services and land drilling services to the oil and gas industry. Oil States International, Inc. is a publicly traded company on the New York Stock Exchange under the ticker symbol OIS.

The GulfStar team included Managing Director Cliff Atherton, Senior Vice President Pam Reiland, Associate Tim Wilkening and Analyst Caroline Incavo. “The owners of QCS, Lee Avery, Ken Breaux and Bruce Morris, are an unusually effective entrepreneurial team. They have built an outstanding solution shop that has developed innovative products to solve critical customer issues. We were pleased to represent QCS and look forward to following its progress as a part of Oil States,” said Atherton.

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 600 transactions in more than 30 states and ten foreign countries across a variety of industries. Through its merchant banking affiliate, the firm also makes equity and subordinated debt co-investments.

Securities offered through GulfStar Group I, Ltd. an affiliated entity, member FINRA – SIPC.