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.
January 30, 2019
Finance Monthly Deal Maker Award for Quarton, a Cowen Company
To subscribe to our Newsletter, please use the following link.