Generational Equity, a leading mergers and acquisitions advisor for privately-held, middle-market businesses, is pleased to announce the sale of its client, Slaughter and Stanley Construction, Inc. (S&S) to Blue Point Capital Partners, in conjunction with its portfolio company, LineStar Services, Inc.
The transaction closed on March 31, 2014, and was led by Vice President, Musa Jagne and Managing Director, Michael Goss from the firm’s Dallas, Texas headquarters. S&S’ legal team included Richard Roth of Jackson Walker L.L.P. out of Houston, Texas. Financial guidance for S&S was provided by Pamela J. Pope, CPA of Big Spring, Texas. Terms of the transaction were not disclosed. S&S is a full-scale pipeline maintenance and installation services provider for companies in the energy industry. Under the direction of its clients, S&S helps energy companies meet regulatory requirements imposed by the Department of Transportation (DOT). S&S is based in Big Spring, Texas. T
he S&S transaction represents the third acquisition for LineStar, a holding company established to pursue investments in the oil and gas pipeline services market. Similar to existing LineStar operations, S&S provides its customers with a one-stop solution for pipeline maintenance and integrity work. “This transaction puts our Company, our employees, and our legacy in good hands,” stated A.J. Stanley, the former president of S&S. “LineStar’s culture fits very well with ours and this partnership creates future job opportunities here in Big Spring.” “We ran a very organized and structured process which brought several suitors to the table and helped us identify the right partner for S&S,” said Musa Jagne of Generational Equity. “The S&S acquisition strengthens LineStar’s platform in West Texas and diversifies the Company’s customer base and service offering,” said Sean Ward, a partner with Blue Point. “LineStar has made significant investments to strengthen the business since our initial investment in 2009, and the acquisition of S&S supports our strategy of building a growth oriented platform within the energy services industry.” Paul Neundorfer, president and chief executive officer of LineStar said, “S&S is an excellent fit within the LineStar platform from an operational standpoint. As important, our views of the market and company cultures are well aligned, which we expect will foster integration and growth going forward.”
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