M&A Deal Summary

Race Rock Acquires Gulf Capital Bank

On January 1, 2019, growth capital firm Race Rock acquired financial services company Gulf Capital Bank

Acquisition Highlights
  • This is Race Rock’s 1st transaction in the Financial Services sector.
  • This is Race Rock’s 5th transaction in the United States.
  • This is Race Rock’s 3rd transaction in Texas.

M&A Deal Summary

Date 2019-01-01
Target Gulf Capital Bank
Sector Financial Services
Buyer(s) Race Rock
Deal Type Buyout (LBO, MBO, MBI)

Target

Gulf Capital Bank

Houston, Texas, United States
Gulf Capital Bank is a Houston based bank targeting middle-market businesses with annual revenues up to $2 billion. Gulf Capital Bank was founded in 2019 and is based in Houston, Texas.

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Buyer(S) 1

DESCRIPTION

Race Rock Group is a private investment firm focused on majority control or minority positions in profitable lower middle-market companies. The Firm generally looks for businesses operating in the gulf coast or Midwest areas in the US. Sectors of interest include retail equipment, financial services, manufacturing, chemicals, food/beverage, industrial services, and real estate. Race Rock Group is headquartered in Houston, Texas.


DEAL STATS #
Overall 5 of 8
Sector: Financial Services M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 5 of 7
State: Texas M&A 3 of 5
Country: United States M&A 5 of 8
Year: 2019 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 US Strategic Metals

St. Louis, Missouri, United States

US Strategic Metals is a vertically integrated cobalt and nickel producer in North America and is strategically positioned to supply clean, domestic, and ethically sourced battery metals required to meet the unprecedented demand for electric vehicles and lithium-ion batteries. US Strategic Metals was founded in 2018 and is based in St. Louis, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-04 Structural & Steel Products

Fort Worth, Texas, United States

Structural & Steel Products is a manufacturer and distributor of products used in the highway construction end-market, including overhead sign structures, guardrails, crash cushions, lighting poles and bridge decking. The Company manufactures tubular structures used in the communication and power transmission industries. Structural & Steel Products was founded in 1969 and is based in Fort Worth, Texas.

Buy -