Posted February 1, 2018

PIP partners with Audax Private Equity

Audax Private Equity announced that it has partnered with the Milot and Tao families, co-founders of Protective Industrial Products Global Holdings Inc., to re-capitalize the company.

PIP is a global supplier of hand protection products and other consumable personal protective equipment. Joe Milot will continue as president and CEO of PIP Global and both the Milot and Tao families will retain significant ownership interests in the company. Terms of the transaction were not disclosed.

"PIP Global is a recognized leader in the consumable safety products market that has grown significantly during the last three decades. We look forward to supporting Joe Milot, his family, the Tao family and the entire PIP Global team to continue growing the business organically and through acquisitions," said Geoffrey S. Rehnert, co-CEO of Audax Group.

PIP Global, headquartered in Latham, New York, offers personal protective equipment including hand and arm, eye, head, hearing, body and respiratory protection. Its brands include G-Tek, Bouton Optical, Safety Works, Ambi-dex, Assurance, Falcon, Kut-Gard, and Maximum Safety. 

"We're excited to partner with Audax as we continue to build the PIP platform and truly become the global go-to supplier to distributors, dealers and retailers for all their consumable PPE requirements. Audax' resources will help us accelerate our growth as we expand into new geographies, end markets and product lines," said Milot.