The CapStreet Group Acquires Key City Warehouse Sales

The CapStreet Group Acquires Key City Warehouse Sales

GHX Industrial, a fluid and sealing products company and a portfolio company of The CapStreet Group, has acquired Key City Warehouse Sales, a distributor of belts, hoses, and fittings. “Key City’s assets fit like a glove with our other locations. This acquisition allows us to expand into additional active exploration and production areas of the U.S. with an already-experienced staff and a loyal customer base,” said GHX Board Chairman Dan Ahuero.

Key City specializes in the distribution of belts, hoses, fittings, valves and other products to customers primarily, in the upstream oil and gas business. The company has five locations and is based in Abilene, TX (

GHX is a fabricator and supplier of industrial fluid transfer and sealing products to both the upstream and downstream energy markets. The addition of Key City Warehouse Sales will boost GHX’s presence in major oil and gas exploration and production areas in the U.S. Key City’s five locations will bring the total number of branches operated by GHX to 42 in the U.S. and one in Canada. The company is headquartered in Houston, TX (

“Of particular interest to us is the addition of Key City’s Alice, TX and Elk City, OK locations, which enhance our ability to serve customers operating in the Eagle Ford shale, Woodford, Anadarko Basin and Texas Panhandle areas,” said Richard Harrison, president and CEO of GHX.

CapStreet targets companies with initial EBITDA between $5 million and $15 million and works closely with the management of these companies to help build much larger and more profitable enterprises. CapStreet was founded in 1990 and since inception has raised approximately $700 million of private equity, completed 33 portfolio company investments and completed more than 250 add-on acquisitions for these companies. The firm is based in Houston, TX (

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