The CapStreet Group, a Houston-based private equity firm, has completed the sale of GHX Holdings to United Central Industrial Supply.
GHX, a value-added distributor of fluid transfer and sealing products, will merge its operations with those of United Central and will operate as The United Distribution Group.
GHX’s management team, including executive chairman Dan Ahuero, executive vice president Ben Andrews, chief executive Richard Harrison and chief financial officer Dan Maddox, will continue in leadership positions in the new, combined company.
Mike Young (pictured), a managing partner of CapStreet, says: “We are pleased to have completed the sale of GHX to another leading company in its industry. CapStreet, in partnership with Dan Ahuero, Ben Andrews, and the rest of the management team, built GHX into a much more substantial business over the past five years, adding depth to the management team, upgrading systems, executing on organic growth strategies, and completing nine acquisitions.
“As a result, GHX was able to achieve excellent growth and deliver a strong investment return for our investors and management partners.”
