GulfStar Group announced the majority recapitalization of AHI Supply Holdings by High Street Capital, aimed at supporting AHI's growth in the Texas construction market.

Target Company Overview

AHI Supply Holdings, LLC ("AHI" or the "Company"), established in 1982 by Bob Allen and currently led by Chris Sellers and Mike Hill, is a prominent manufacturer and distributor of high-quality masonry and related construction products within the Texas market. The company is headquartered in Alvin, Texas, with additional facilities in Austin and the Dallas-Fort Worth area. AHI specializes in producing a diverse range of proprietary products, including Portland and masonry cements, brick cleaners, stucco coatings, and cast stone, in addition to offering various structural iron processing services. These manufactured products are marketed under the Spectrum and Tex-Clean brands and serve the single-family residential, multi-family residential, and commercial sectors.

Industry Overview in Texas

The construction industry in Texas has demonstrated robust growth over the past several years, bolstered by a booming population and increasing urbanization. Texas consistently ranks among the top states in the nation for construction activities, with demand driven by both residential and commercial sectors. This environment fosters opportunities for companies like AHI, which provide essential materials for construction projects ranging from single-family homes to large commercial buildings.

Moreover, as infrastructure and development projects gain momentum in urban centers, the demand for quality building materials is expected to rise. Texas's favorable bus