GulfStar Group Announces The Majority Recapitalization of L.F. Manufacturing, Inc. by Dos Rios Partners, L.P.
HOUSTON, Texas (January 14, 2014) — GulfStar Group is pleased to announce the majority recapitalization of L.F. Manufacturing, Inc. (LFM) by Dos Rios Partners, L.P. (Dos Rios). GulfStar served as exclusive financial advisor to LFM throughout the transaction, which closed on December 23, 2013. The BoyarMiller team was led by Bill Boyar, Founding Shareholder, and included Blake Royal, Sr. Associate, and Carey Hain, Associate, all in the firm’s Business Group.
Headquartered in Giddings, Texas, LFM is a leading manufacturer of fiberglass molded products primarily used in the oilfield, industrial and wastewater infrastructure industries. LFM utilizes state-of-the-art chop and filament winding equipment to produce high quality fiberglass products. Their fiberglass reinforced plastic composite materials are a key technological alternative to steel or concrete based similar products, providing both product durability and longevity.
“We want to capitalize on the strengths in the composite marketplace and to grow through acquisition … with the Dos Rios investment, we are well on our way to execute that plan,” commented Chris Johnston, President and CEO of LFM.
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.