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King Southwest and Consulting, Inc. (“King Southwest”), headquartered in Houston, Texas, has successfully completed the acquisition of Hercon Instruments, Inc (“Hercon”). Statesman Business Advisors, LLC (“Statesman”) acted as the exclusive financial advisor to King Southwest for this transaction. In addition, Looper Reed & McGraw, P.C. provided legal counsel and Amegy Bank of Texas, NA provided acquisition financing for King Southwest.
King Southwest, established in 2002, provides engineering, manufacturing, and downhole tool design services for some of the largest and most well-respected companies throughout the oil and gas industry.
Hercon, located in Houston, Texas, has been providing medical companies, electronics manufacturers, and the oil and gas industry with precision machined components for nearly 30 years. Hercon operates with seven CNC Machining Centers, four CNC Turning Centers, four Bridgeport Mills, and two engine lathes. Hercon can also provide Wire and Sinker EDM services. |
