Billy Conner

Associate

Billy joined GulfStar Group in 2022 from PwC, where he worked as a Senior Associate in the Transaction Services Practice. While at PwC, Billy performed financial due diligence for corporate and private equity-backed acquisitions across a wide range of industries, including industrial manufacturing, consumer products, oilfield services, and healthcare. Previously, Billy worked in the Audit Practice at KPMG as a Senior Audit Associate.

Billy earned a Bachelor of Business Administration in Accounting and a Master of Accountancy at Baylor University. Billy is also a licensed CPA in the state of Texas.

Recent Transactions

has completed a majority recapitalization with

Industry

Industrial Services & Manufacturing
Services
Mergers & Acquisitions

Founded in 1982 by Bob Allen and led by Chris Sellers and Mike Hill, AHI is a leading manufacturer and distributor of quality masonry and related construction products for the Texas market, selling both directly to customers and through third-party building products distributors. The Company is headquartered in Alvin, Texas with additional locations in the Austin and Dallas-Fort Worth markets. AHI manufactures a variety of proprietary products, including Portland and masonry cements, brick cleaners, stucco coatings and cast stone, as well as performing a wide array of structural iron processing services. Manufactured products are sold under the Spectrum and Tex-Clean brands. AHI Supply serves single-family residential, multi-family residential and commercial markets.

a portfolio company of
has been acquired by

Industry

Industrial Services & Manufacturing
Services
Mergers & Acquisitions

Located in Port Arthur, Texas, PAT Tank is a leading turnkey provider of construction and repair of above-ground liquid storage tanks (“ASTs”) to a variety of industrial end markets across the United States. The company’s capabilities include tank design, fabrication, delivery, installation and coating services, as well as distribution and installation of related products. PAT Tank is strategically positioned in the heart of the United States Gulf Coast region with ready access to the most highly concentrated installed base of hydrocarbon ASTs in the country. Its services are in consistent demand due to the ongoing operating and regulatory requirements that drive regular tank installation, repair and upgrade.

has been acquired by

Industry

Specialty Distribution
Services
Mergers & Acquisitions

Founded in 1997 by David Rollen and headquartered in Coppell, Texas, Rock Materials is a wholesale distributor of natural and architectural cut stone, manufactured stone, cast stone and masonry supplies. Rock Materials also operates at a second location in Tomball, Texas, a suburb of Houston. Rock Materials is the largest provider of architectural stone within the state of Texas and the transaction marks a substantial expansion in this line of business for SRS.  The Company’s senior management team will continue in their functions, leading this effort while retaining upside opportunity as shareholders in SRS post-closing.

has completed a majority recapitalization with

Industry

Industrial Services & Manufacturing
Business Services
Services
Mergers & Acquisitions

Founded in 2009 and based in Reno, Nevada, NDSS is the largest installer of drywall, stucco and stone materials for contractors serving the multifamily residential, commercial and housing markets in western Nevada and eastern California. The principals of NDSS will retain equity positions in the business and will continue in their leadership roles.

a portfolio company of
has completed a majority recapitalization with

Industry

Energy, Power & Infrastructure
Environmental & Sustainability
Services
Mergers & Acquisitions

Based in Odessa, Texas, and established in 2003, eTech is a leading environmental remediation business providing regulatory mandated environmental consulting, soil sampling & testing, remediation, waste management, and long-term compliance services to a large base of blue-chip customers in the upstream, midstream, government, and industrial end markets throughout the Permian Basin. With over 125 skilled environmental technicians and professionals in the field, a top-tier safety record, and a robust portfolio of Master Service Agreements, the Company’s services allow them to work in a diverse array of environmental disciplines, including soil and groundwater testing, remediation, asbestos, mold and lead consulting, federal and state permitting assistance, and a broad range of compliance support. The partnership with KLH will enable the Company to accelerate its growth and continue to expand its service offerings throughout the United States.

a portfolio company of
has completed a majority recapitalization with

Industry

Energy, Power & Infrastructure
Industrial Services & Manufacturing
Services
Mergers & Acquisitions Cross-Border Transactions

Headquartered in Houston, Texas and founded over 35 years ago, ZymeFlow is the worldwide leader in decontamination of hydrocarbon process equipment for entry, inspection, maintenance and effluent management. The proprietary ZymeFlow process prepares equipment for entry by simultaneously de-oiling while eliminating pyrophoric iron sulfide, hydrogen sulfide, benzene and other explosive gases. ZymeFlow products and services are currently utilized in refining, petrochemical, and LNG facilities for both onshore and offshore customers in more than 55 countries. ZymeFlow’s ecofriendly and patented products and services are highly efficient in the decontamination and maintenance of energy and chemical processing facilities in the United States and around the world.

GulfStar Group
700 Louisiana Street
Suite 3800
Houston, Texas 77002


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