Pipeline Supply acquires Industrial Air Tool
Pipeline Supply & Service has acquired Industrial Air Tool L.P., a portfolio company of ZS Fund L.P.
Headquartered in Pasadena, Texas, IAT is a specialty distributor of specialized material handling equipment, high-capacity winches and hoists, industrial tools, MRO and safety supplies, spare parts and aftermarket repair and rental services to the upstream and downstream energy and industrial end markets.
The combination of IAT and PSS results in a leading specialty distribution company with a well-diversified platform, significant scale and broad exposure across the energy value chain, according to a press release from BlackArch Partners, an investment bank that served as financial adviser on the transaction for ZS Fund L.P.
PSS was advised by Goldman Sachs. Specific terms of the transaction were not disclosed.
Pipeline Supply & Service LLC is a portfolio company of Broad Street Energy Partners, an affiliate of Goldman Sachs Merchant Banking Division.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
