Infinity Capital Partners Advises Petroflex North America Ltd
Gainesville, TX (June 22, 2022) – Petroflex North America Ltd (“Petroflex” or the “Company”), a Gainesville, TX based manufacturer of extruded high-density polyethylene (“HDPE”) piping and conduit has obtained an investment from Transition Capital Partners (“TCP”) of Southlake, TX with support from Plexus Capital. Infinity Capital Partners served as exclusive investment banking advisor to Petroflex. Mitchell Shauf and the Petroflex executive team will continue to manage the Company post-closing.
Headquartered in Gainesville, TX, Petroflex was founded by Pete and Susie Shauf in 1983. The Company manufactures superior quality, continuous length HDPE conduit and accessories for the electric utility, telecommunications, data/voice, renewables (wind & solar), and irrigation markets. Upon Pete’s passing in 2020, his son Mitchell took over as CEO of the Company and, together with the executive team, expanded the Company’s capabilities and customer base.
“Carrying on Pete’s legacy has been both a challenge and an honor,” said Mitchell Shauf, CEO at Petroflex. “He left an indelible mark on the business and the community. We’ve been fortunate to have the opportunity to expand on the foundations of the business while maintaining a commitment to our customers that “good service is not extinct.”
“We are very proud to partner with the Petroflex team and support yet another growing Texas based family-owned business” said Andy Foskey, Managing Partner at TCP. “We look forward to working with the management team to support the company’s continued growth and its longstanding commitment to quality, people and community.”
The acquisition marks the sixth investment where TCP and Plexus Capital have partnered together. Alongside further investment from Petroflex management, the Company will seek to capitalize on numerous growth avenues across the plastic pipe industry.
“We are excited to see the Petroflex family’s legacy continue in partnership with the team at TCP. Their commitment to building relationships and fostering business growth makes them an excellent fit to partner with the Company and the Gainesville community,” said Bryan Vahlberg, Managing Partner at Infinity Capital Partners.
McAfee & Taft served as legal counsel to Petroflex, and Winston & Strawn served as legal counsel to TCP.
About Transition Capital Partners
Transition Capital Partners is a Southlake, TX based private equity firm. Founded in 1993, TCP has successfully invested in over 50 lower middle market companies spanning a diverse array of industries. TCP partners with management teams to build sustainable value in businesses over the long-term, without the artificial constraints fundraising cycles create for traditional private equity funds. With almost thirty years of proven success, we have a long track record of collaborating with our partners to accelerate the growth of middle market companies. For more information, visit www.tcplp.com.
About Infinity Capital Partners
Infinity Capital Partners is an Oklahoma City-based middle-market investment bank offering a broad range of advisory services to private companies and financial sponsors across a variety of industries. Infinity works closely with owner-operators, shareholders, founders, and management teams of private companies to provide tailored services including M&A advisory, debt and equity placements, recapitalizations, and strategic advisory. For more information about Infinity Capital Partners, including a list of current projects, please visit our website at www.infinitycapitalpartners.com. Securities placed through Infinity Capital Securities, LLC. Member FINRA. For more information, visit www.infinitycapitalpartners.com.
Claire Ratliff
Infinity Capital Partners
(405) 400-8977