OFS Energy Fund News

February 23, 2018

VanZandt Controls Completes the Acquisition of Stockton Valve Products

Odessa, Texas – February 23, 2018 – VanZandt Controls (“VanZandt” or the “Company”), an OFS Energy Fund (“OFS”) portfolio company, has acquired the assets of Stockton Valve Products (“Stockton”). The acquisition provides VanZandt with an immediate presence in the Gulf Coast market with well-established customer and vendor relationships. VanZandt will utilize these relationships to advance the Company’s goal of becoming a market-leading provider of premier valve automation, flow measurement, and instrumentation components to the energy industry.

 

Stockton was founded in 1954 in Houston, Texas and specializes in the packaging and distribution of automated valves. Throughout its extensive operating history, Stockton has developed longstanding customer and vendor relationships. It maintains exclusive distributor agreements with select vendors, providing Stockton with a competitive advantage relative to others in the valve automation industry in the form of lower prices and faster delivery times. Stockton also possesses in-house machining capabilities, which allow it to better control the quality and delivery time of its products to support its customers.

 

“We are excited to bring VanZandt’s capabilities to the Gulf Coast market through the acquisition of Stockton,” said Larry Richards, VanZandt’s President and CEO. “Stockton’s strong industry relationships will complement VanZandt’s broad sales and service network to quickly drive meaningful growth.”

 

Since its founding in January 2015, VanZandt has quickly grown into one of the top providers of automated valves in Texas and New Mexico. Its customers include blue chip upstream, midstream, and downstream companies active in the construction of energy-related. VanZandt was acquired by OFS in partnership with Larry Richards, former CEO of Hy-Bon Engineering, in mid-2017. In acquiring VanZandt, OFS and Richards planned to utilize the Company as a platform to create a market-leading provider of premier automated valve, flow measurement, and instrumentation components. Since the acquisition, VanZandt has added regional distribution centers in Houston, Texas; Canyon, Texas; and Hobbs, New Mexico. VanZandt plans to open additional distribution centers in the Gulf Coast, Permian, and Eagle Ford markets to better support its customers in these regions.

 

“The acquisition of Stockton is a strong strategic fit with the VanZandt platform. It provides immediate access to a new market and further diversifies VanZandt’s customer base through additional exposure to the downstream energy segment,” said Jerad McMayon, Partner at OFS.

 

About VanZandt
VanZandt Controls specializes in valve automation, flow measurement, instrumentation, and process controls. The Company is headquartered in Odessa, Texas. For more information, please visit www.vanzandtcontrols.com.

 

About OFS
OFS Energy Fund is a Houston-based private equity firm specializing in acquisitions and recapitalizations of middle-market companies in the energy industry with enterprise values between $5 million and $100 million. For more information, please visit www.ofsfund.com.
 

OFS Energy Fund
6363 Woodway Drive, Suite 900

Houston TX 77057
view map
Main Number: (713) 580-2727