Mid-South Sales | Stephens

Who We Are

What We Do

We provide investment banking, research, sales and trading, asset and wealth management, public finance, insurance, private capital, and family office services.

About Us

We are a family-owned financial services firm that values client relationships, long-term stability, and supporting the communities where we live and work.

The Stephens Story

The idea of family defines our culture, because each of us knows that our reputation is on the line as if our own name was on the door.

Leadership

Our reputation as a leading independent financial services firm is built on the stability of our longstanding and highly experienced senior executives.

Impact Initiatives

We are committed to corporate philanthropy; economic and financial literacy advocacy; and diversity, equity, and inclusion initiatives.

Our Brand Ambassadors

Stephens is proud to sponsor the PGA TOUR, LPGA Tour, and PGA TOUR Champions careers, as well as applaud the philanthropic endeavors, of our Brand Ambassadors.

Stephens & Williams Racing Partnership

Stephens is the official investment banking partner of Williams Racing, one of the most winning teams in F1 history. We share that tradition of success.

Making Connections

We host many highly informative meetings each year with clients, industry decision makers, and thought leaders across the U.S. and in Europe.

Back to transactions
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.
  1. This material has been prepared solely for informative purposes as of its stated date and is not a solicitation, or an offer, to buy or sell any security. It does not purport to be a complete description of the securities, markets or developments referred to in the material. Information included in the material was obtained from external sources which we consider reliable, but we have not independently verified such information and do not guarantee that it is accurate or complete. Such information is believed to be accurate on the date of issuance of the material. No subsequent publication or distribution of this material shall mean or imply that any such information or opinion remains current at any time after the stated date of the material. We do not undertake to advise you of any changes in any such information or opinion. Additional information is available upon request.