GHX sold roughly $21 million in equity in August to unnamed investors, according to a Form D regulatory filing. CapStreet, and other investors, provided the funds to GHX to fuel growth, a source said. It is not clear if CapStreet has upped its stake in GHX or whether the firm bought the stock via a secondary.
Houston-based CapStreet targets the lower end of the middle-market. GHX, also of Houston, distributes industrial sealing products including gaskets and hoses.
Calls to GHX and CapStreet weren’t returned. A hat tip to FormDs.com for help with this story.