GulfStar Group Announces The Majority Recapitalization Of Core International, LLC By Rock Hill Capital Group
HOUSTON, Texas (January 10, 2013) — GulfStar Group (GulfStar) is pleased to announce the majority recapitalization of Core International, LLC (Core) by Rock Hill Capital Group (Rock Hill). GulfStar served as exclusive financial advisor to Core throughout the transaction, which closed on December 29, 2012. BoyarMiller Business Group Shareholder Steve Kesten and Associate Philip Dunlap represented Core International in the transaction.
Core is a supplier of highly engineered rubber components and supply chain solutions to a variety of end-use markets including, but not limited to, energy, heavy truck and trailer, flow control, general infrastructure, waterworks, aerospace and marine. The company has developed a particular expertise and reputation for supplying large format, tight tolerance parts for mission critical applications in products such as blowout preventers, nuclear facilities, dams and bridges. Core will continue to be led by its existing management team.
“I am excited to be working with the team at Rock Hill. They took the time to understand our business and what it would take to continue its growth into a dominant position,” said Cody Johnson, CEO of Core. “GulfStar really impressed me with the amount of effort and care they took in finding us the right financial partner.”
The GulfStar team included Managing Director Colt Luedde, Vice President Brian Lobo, Associate James Berry and Analyst Nico Gayle. “We are thankful for the opportunity to work with the Core team on such an important transaction,” said Luedde. “They have built a terrific company with a unique business model that emphasizes their strategic global sourcing capabilities. There is great alignment between the management team and the principals at Rock Hill that should allow the Company to continue its impressive growth.”
BoyarMiller is a 28-year-old Houston-based law firm comprised of two practice groups: business and litigation. The business group serves multinational companies, middle-market businesses and entrepreneurs in need of collaborative and strategic representation. The litigation group represents organizations of all sizes, from entrepreneurs to Fortune 500 companies, seeking to resolve complex business issues and employment disputes. See www.boyarmiller.com for more information.