Press Releases
Posted November 6, 2014

Universal Wellhead Services Has Completed a Majority Recapitalization with Dos Rios Partners

Energy, Power & Infrastructure,
Industrial Services & Manufacturing
Transaction Type
Mergers & Acquisitions
Corpus Christi, Texas

HOUSTON, November 6, 2014 – GulfStar Group (“GulfStar”) is pleased to announce the majority recapitalization of Universal Wellhead Services, LLC (“UWS” or the “Company”) by Dos Rios Partners, LP (“Dos Rios”). GulfStar served as the exclusive advisor to UWS throughout the transaction, which closed on October 31, 2014.

UWS designs, sells, installs and maintains wellhead equipment and ancillary products, including valves, manifolds, and frac trees, as well as provides repair, remanufacture, and related field services for its customers in the oil and gas industry. UWS has in-house machine capabilities to quickly and efficiently repair existing customer owned wellheads. UWS has offices and full service shops based in Texas, Louisiana and Ohio.

Upon closing of the transaction with Dos Rios, UWS President Al Dueitt commented, “Given the resources and expertise that our partnership with Dos Rios will provide, we are extremely excited about our ability to exceed growth expectations as we continue to increase our market share via geographical expansion and the introduction of innovative, cost reducing products and services for the wellhead and frac valve industry. We are very appreciative of the GulfStar team that kept this process on track, kept our management team focused and provided invaluable assistance to us during all phases of the negotiation process.”

The GulfStar team included Managing Director Bryan Frederickson, Vice President Justin Moers and Associates Ben Stanton and Rupert Gerard. “The UWS team was a pleasure to work with, and we are happy to have delivered a successful outcome,” said Frederickson. “The transaction enabled the Company to redeem investments made to fund its initial founding, with a partner in Dos Rios that is capable of providing the capital and guidance needed to support UWS’ ongoing growth.”

About Dos Rios Partners, LP
Dos Rios is a Texas-based private equity partnership formed by four Partners – Bo Baskin, Wayne Patterson, Jay Turner and Kevin Benoit. Dos Rios invests in the junior (i.e. common, preferred and/or mezzanine) securities of proven, growing niche businesses with approximately $2.0 – $8.0 million in EBITDA, alongside strong, motivated management teams. Dos Rios can help these small businesses with either control or non-control transactions.

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 32 states and 10 foreign countries across a variety of industries.

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

GulfStar Group
700 Louisiana Street
Suite 3800
Houston, Texas 77002


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