JGB Enterprises acquires All-Serv Industrial
JGB Enterprises, backed by HCI Equity Partners, announced it acquired All-Serv Industrial.
Headquartered in Liverpool, New York, JGB is a supply chain management and logistics services distributor of industrial hose, fluid power products, and hose assembly solutions throughout a diverse set of end markets including the U.S. Department of Defense, oil and gas, food and beverage, retail, construction, and industrial OEMs in the U.S. and Canada. All-Serv is JGB’s second add-on acquisition since HCI’s platform investment. Financial terms were not disclosed.
Headquartered in Sulphur, Louisiana with four locations in the Gulf Coast region, All-Serv is a supplier of hose and hose-related accessories for environmental remediation, industrial cleaning and other needs of the refinery and petrochemical market. The acquisition of All-Serv further enhances JGB’s strong footprint in this attractive market while also providing a complementary product portfolio and service capabilities.
“All-Serv is an incredibly customer focused and market leading distribution platform in an industry where JGB has extensive experience and success," said Kevin Kilkelly, JGB president. "We believe it represents a compelling opportunity to drive operating improvements and geographic expansion. Moreover, we believe that JGB and All-Serv’s complementary businesses will scale nicely, accelerating growth, enhancing each other’s capabilities while fostering an entrepreneurial culture that delivers exceptional customer experience.”
Doug McCormick, HCI managing partner, commented, “HCI is pleased to support the JGB team with capital to consummate their second add-on acquisition: All-Serv Industrial, LLC. We believe this acquisition accelerates JGB’s growth while providing All-Serv’s customers with a more robust line of industrial and hydraulic products. We look forward to supporting the team with additional capital as it continues to execute on its acquisition growth strategy.”
INDUSTRIAL SUPPLY MAGAZINE
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