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Financial Advisor

Mid-South Sales

Value Not Disclosed 01/09/2019 Specialty Distribution Complete
Lead Banker: Brad Yates
Financial Sponsors
Show Tombstone

Transaction Details

  • On January 9, 2019, Pugh Lubricants, Apollo Oil, Veterans Oil, and Halco Lubricants (“Pugh-Apollo-Veterans-Halco”), a portfolio company of Tenex Capital Management, acquired Mid-South Sales (“MSS” or the “Company)
  • Headquartered in Jonesboro, AR, MSS is a well-established regional distributor of lubricants, fuel and related products covering AR and portions of MS, TN, AL, and MO
  • The Company operates 7 facilities in Arkansas and Western Tennessee and is the fourth company to join the Pugh-Apollo-Veterans-Halco group in 2 years
  • Stephens Inc. served as exclusive financial advisor to Mid-South Sales in the transaction

About the company

Mid-South Sales

Mid-South Sales is a distributor of fuel, finished lubricants, antifreeze, and other ancillary product lines throughout Arkansas, and portions of Mississippi, Tennessee, Alabama, and Missouri. For more information, visit www.midsouthsales.com.

Pugh-Apollo-Veterans-Halco

Pugh-Apollo-Veterans-Halco is a distributor of nationally branded and private label finished lubricants, fuel, antifreeze, diesel exhaust fluid, and other ancillary product lines throughout the Carolinas, Virginia, Tennessee, Kentucky, Ohio, West Virginia, Georgia, Alabama, and portions of Mississippi, Louisiana, Texas, Arkansas, Illinois, and Indiana. For more information, please visit www.PughLubricants.com, www.ApolloOil.com, www.VeteransOilInc.com, and www.HalcoLubricants.com.

Tenex Capital Management

Tenex Capital Management is a private equity firm that invests in middle-market companies. Tenex uses an in-house team of hybrid investment professionals skilled in operational leadership, investing and capital markets structuring to maximize long-term value creation. Tenex's deep operating experience allows the firm to collaborate with management teams to capitalize on business and market opportunities. Tenex has established a successful track record investing in diverse industries, including industrials, manufacturing, and health and business services. For more information, please visit www.tenexcm.com.

Sources: Company documents and Stephens Inc. internal data.
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