GulfStar Group Acted as Financial Advisor to Dubin Clark and Company, Inc.
CONTACT:
Kent Kahle
GulfStar Group, Inc.
Phone: 713-300-2025
Email: kkahle@gulfstargroup.com
HOUSTON (January 2010) GulfStar Group acted as financial advisor to Dubin Clark and Company, Inc. and its portfolio company, Tulsa Power Holding Corp., in the private placement financing that funded the acquisition of RadOil, Inc., provided working capital and refinanced existing indebtedness. GulfStar MB III, Ltd, the merchant banking affiliate of the GulfStar Group, also made an equity investment in the transaction.
Dubin Clark, founded in 1984 and headquartered in Greenwich, Connecticut, is a middle market private equity firm focused on buyouts of manufacturers of differentiated products and service providers within niche markets. More information about Dubin Clark can be found at www.dubinclark.com.
Tulsa Power, headquartered in Tulsa, Oklahoma, through its subsidiaries, is one of the leading manufacturers of specialty, proprietary, branded, material-handling equipment used in the manufacturing and handling of wire, cable, hose, pipe, tube and flexible materials. The Company’s products are sold to a variety of end markets, including energy, cable manufacturers and distributors, telecom and electric utilities. RadOil, based in Houston, Texas, offers proprietary spooling equipment specifically designed for offshore, deepwater drilling and production applications. RadOil’s largest product line is the umbilical reel, which handles cable on deepwater drilling vessels.
GulfStar Group is a leading middle-market investment and merchant bank headquartered in Houston, Texas. The firm specializes in providing merger and acquisition advisory services, institutional private placements of equity and debt, restructuring and turnaround advisory services 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 450 assignments across a variety of industries. Through its merchant banking affiliate, the firm also makes equity and subordinated debt investments and serves as a transaction sponsor for acquisition-oriented growth strategies.
For additional information please email kkahle@gulfstargroup.com or call 713-300-2020.
GulfStar Group I, an affiliated entity, member FINRA - SIPC
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