Pipeline Supply Buys Wasatch Supply

Pipeline Supply Service, that is corroborated by Cadent Energy Partners, has acquired Wasatch Supply. Financial terms weren’t disclosed. Wasatch provides consumable reserve and apparatus to a oil and gas, tube and construction industries in a US and abroad. News of a understanding was announced by GulfStar Group, a Houston IB.

PRESS RELEASE

GulfStar Group (“GulfStar”) is gratified to announce a partnership of Wasatch Supply, Inc. (“Wasatch”) by Pipeline Supply Service, LLC (“PSS”), a portfolio association of Cadent Energy Partners, LLC (“Cadent”). GulfStar served as disdainful financial confidant to PSS. The transaction sealed on Sep 30, 2011. PSS’ authorised confidant was DuBois, Bryant Campbell, LLP of Austin, Texas.

Wasatch provides consumable reserve and apparatus to a oil and gas, tube and construction industries in a US and abroad. Since a inception, Wasatch Supply has gifted solid enlargement underneath a instruction of a president, Karma Newberry, and has fake a good repute in a attention for a expedited delivery.

PSS, headquartered in Houston, Texas, is one of a largest eccentric providers of industrial products and services to a domestic oil and gas delivery industry. PSS bonds and distributes one of a industry’s many extensive industrial and reserve product offerings.

“This partnership strengthens a joining to assistance a business attain by providing some-more rival pricing, some-more locations for increasing accessibility and accessibility, and use that continues to surpass expectations,” pronounced Chuck Dalio, Chief Executive Officer of PSS.

The GulfStar transaction group enclosed Managing Director Tom Hargrove, Vice President Justin Moers, Associate Jay Stone, and Analyst Kristie Ganss. “The partnership of Wasatch Supply expands PSS’ geographic participation in a northwest and northeast regions of a United States, providing PSS entrance to a critical Bakken, Niobrara and Marcellus oil and gas tube markets,” pronounced Tom Hargrove. “We were gratified to paint PSS on this partnership and demeanour brazen to destiny initiatives that will continue to concede PSS to grasp a vital objectives.”

About Cadent

Cadent Energy Partners, with offices in Stamford, Connecticut and Houston, Texas, is a private equity organisation that invests in tiny to medium-sized companies in a appetite industry. Cadent provides enlargement collateral to firms that wish to accelerate enlargement and build shareholder value in partnership with an gifted appetite investor. Over a march of their careers, a Cadent principals have invested approximately $900 million in secretly negotiated exchange opposite a extended operation of appetite sub-sectors. Cadent works closely with a government teams of a portfolio companies to support them in formulating long-term value for investors and government shareholders.

About GulfStar Group

GulfStar Group is a heading center marketplace investment and businessman bank headquartered in Houston, Texas, with a clever marketplace participation in Austin, Dallas, Louisiana and Oklahoma. GulfStar specializes in providing partnership and partnership advisory services, institutional private placements of equity and debt, restructuring and turnaround advisory services and ubiquitous corporate financial advisory services to companies with revenues or craving values generally trimming from $25 million to $350 million. Since a arrangement in 1990, GulfStar has finished over 500 exchange in some-more than 30 states and 6 unfamiliar countries opposite a accumulation of industries.