Quarton International is pleased to announce that Dallas-based All-Tex Pipe & Supply, Inc. has been acquired by Hajoca Corporation. Quarton International acted as exclusive financial advisor to All-Tex Pipe & Supply (“All-Tex”) and Lone Star Investment Advisors (“LSIA”), its minority shareholder, in this transaction.
Founded in 1973 by Jill Brock Hurd’s parents, Jim and Rosie Brock, All-Tex has grown to be the nation’s 13th largest wholesale distributor of pipe, valves, fittings (“PVF”) and related products to the commercial, mechanical and industrial markets. Ms. Hurd acquired 100% ownership of All-Tex by 1998 and brought in LSIA in 2007. In connection with this transaction, All-Tex will continue to operate under the All-Tex Pipe & Supply name and will become an independent region within Hajoca. Jill Hurd, President & CEO of All-Tex, along with the rest of All-Tex’s senior management team, will continue to lead All-Tex.
All-Tex Pipe & Supply specializes in copper, PVC, cast iron, carbon steel and stainless steel products for the commercial and industrial mechanical markets. All-Tex operates from six branches throughout the state of Texas and carries a complete line of PVF and related accessories, including 6,500 SKUs sourced from more than 500 domestic and international manufacturers. All-Tex will continue to operate from its six locations in Dallas, Ft. Worth, Austin, San Antonio, Houston and Beaumont.
Lone Star Investment Advisors is a Dallas-based private equity firm that specializes in leveraged acquisitions and recapitalizations of strategically viable, middle-market businesses with strong potential for growth. The firm invests in a wide variety of industry sectors including manufacturing / industrial, distribution, business services and energy / utilities. Lone Star specializes in investments that will create employment opportunities in the communities in which they are located, and maintain a strong reputation for driving economic growth in low income areas.
Hajoca Corporation, is the largest privately-held plumbing distribution company in North America. Headquartered in Ardmore, PA, Hajoca was founded in Philadelphia in 1858. Today, Hajoca has over 350 locations and serves customers throughout North America.
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