Bainbridge Capital acts as Strategic Advisor for Jordan Company Acquisition
October 27th, 2014 7:00 A.M.
NEW YORK—The Jordan Company, L.P., is pleased to announce its acquisition of Gulfstream Services, Inc. Bainbridge Capital served as the strategic buy-side advisor.
Founded in 1978 as Bayou Pump Rentals, Gulfstream Services (GSI) offers oilfield rental tools and services to exploration and production companies as well as major oilfield service companies in both on and offshore markets. The firm specializes in cementing systems, pressure control equipment, and wire line support and decommissioning equipment and is headquartered in Houma, LA.
Gulfstream has attained a remarkable market position over its 35 years in business. Coupled with the Jordan Company’s proven history of success, the acquisition presents substantial opportunities for future growth. Bainbridge Capital is happy to act as strategic advisors to the Jordan Company and looks forward to supporting their team as their platform expands.
About Gulfstream Services, Inc. Gulfstream Services, Inc. (GSI) has seven locations across the U.S. (Louisiana, Texas, Pennsylvania and Wyoming) and in Aberdeen, U.K. Through its Rental Tools division, GSI provides rental tools for everyday work in the oil and gas industry, from H2S and standard Chicksan®, Certified Iron Restraint Systems, Spill Prevention Berms, Casing Swages, Assorted Handling Tools, Tanks, Air, Lighting and more. Its Wireline division provides high quality pressure control equipment while the Decommissioning division provides shears and grapples designed for subsea use. Additionally, GSI’s Cement Head Assembly division is home to a range of Cement Head Systems, Casing Plug Launching Systems and Support Equipment.
About The Jordan Company LP A middle-market private equity firm, The Jordan Company manages funds with original capital commitments exceeding $8 billion. The Jordan Company’s senior investment team is supported by the Operations Management Group, which strives to provide operational improvements in portfolio companies. In addition to its headquarters in New York, The Jordan Company has offices in Chicago and Shanghai and was founded in 1982.