Trinity Hunt in the News

Trinity Hunt Partners Announces Investment In Lone Star Fasteners December 05, 2005

Lone Star’s strong background in the precision manufacturing sector positions the company for significant growth

Trinity Hunt Partners has completed the acquisition of Houstonbased Lone Star Fasteners, L.P.(LSF), a leading manufacturer of high-performance specialty fasteners and gaskets, with an estimated closing purchase price of $33.5 million.

Established in the 1960s, LSF serves a premier customer base that includes 150 clients in 17 different countries. LSF manufactures specialty fasteners and gaskets that are primarily used in extreme temperature, high pressure and corrosive environments such as sub-sea petroleum exploration and production systems and also petroleum and petrochemical refineries.

Other end user industries that use LSF’s high-performance products include defense, aerospace and pulp & paper processing.

“LSF is a market leader in a clearly defined manufacturing niche,” said Scott Colvert, Trinity Hunt investment partner. “With a diversified product offering, long standing customer relationships and an aggressive business philosophy, the company is well positioned to expand into other areas.”

Debt financing for this transaction was provided by Amegy Bank and D.B. Zwirn & Co. Parks Paton Hoepfl & Brown advised the company on the financial terms of the transaction.