Rock Hill Capital Group said Oct. 23 that its portfolio company, Core International LLC, has merged with Javelina Oilfield Inc. Financial terms weren’t announced. Core, of Houston, supplies engineered rubber components and supply chain solutions to a variety of industrial end-users while Javelina distributes engineered rubber and metal components to the oil and gas market.
HOUSTON–(BUSINESS WIRE)–Rock Hill Capital Group (“Rock Hill”) today announced that Core International, LLC (“Core”), a Fund II portfolio company, has merged with Javelina Oilfield, Inc. (“Javelina”). Core is a Houston-based supplier of highly engineered rubber components and supply chain solutions to a variety of industrial end-users. Javelina specializes in the distribution of engineered rubber and metal components to the oil and gas market. The Core-Javelina merger combines the high-quality, ISO-certified manufacturing of Core, with the best-in-class sales and distribution team of Javelina. Core Javelina Holdings, LLC (“Core Javelina”), the new entity formed to effectuate the transaction, will continue to operate as Core for its make-to-order industrial customers and will be branded Javelina for its oil and gas distribution business.
“Putting these two businesses together makes complete strategic sense for both companies and for our customers,” said Rock Hill’s Operating Partner, Mike Baldwin. “Core benefits from Javelina’s sales expertise and customer relationships, and Javelina benefits from Core’s ability to deliver high-quality engineered rubber parts for the combined company globally,” said Phillip Meyer, President of Core Javelina. Chad Myers, CEO of Core Javelina added, “Rock Hill understands our business, industry and most importantly our people. We are excited to work toward completing the consolidation and continuing to grow the Company with the Rock Hill team as our partner.”
Financing for the transaction was provided by Veritex Bank, and legal representation was provided by Winston & Strawn LLP.
About Rock Hill Capital
Rock Hill Capital, founded in 2007 and headquartered in Houston, Texas, is a private equity firm that invests in small-to-lower middle market companies located in the South and Southeast U.S. Rock Hill is currently investing out of its third committed capital fund totaling $150MM focusing on companies in the industrial products and services industries. Take a deeper look at Rock Hill Capital and what makes our investments successful by visiting www.rockhillcap.com.