Tencarva acquires Tri-State Coating & Machine
Tencarva Machinery Co., a Southeast value-added distributor of and service provider to flow control and process equipment solutions to industrial and municipal end-markets, will acquire Tri-State Coating & Machine.
Tri-State, based in Salt Rock, West Virginia, is a provider of specialized thermal coating services and related parts to the industrial market. Tri-State’s founder, David Thompson, will retire with the transaction, and the remaining management team and employees will continue to operate the business. Tencarva is backed by Bessemer Investors, LLC (“Bessemer”), a New York-based investment firm. Financial terms of the transaction were not disclosed.
“Tri-State has flourished for 37 years under David’s leadership, and our goal is to continue its tradition of providing high-quality specialty coatings and industrial services," said Ed Pearce, president of Tencarva. "Strategically located in Tencarva’s footprint, Tri-State bolsters Tencarva’s value-added service offerings, particularly through its unique thermal spray coating capabilities.”
Tri-State offers the latest technological advances, state-of-the-art facilities, and rotating equipment repair capabilities. Its coating facilities feature technical systems and robotics to deliver coatings tailored to customer specifications, including fusion coatings, HVOF coatings, wire spray, plasma transfer arc, and metalizing.
“This acquisition adds specialized capabilities to Tencarva that enable us to better serve our customers,” said Henry Ritchie, executive vice president at Tencarva. “Tri-State has built its reputation through word of mouth by consistently providing top-notch service and focusing on relationships. The alignment of culture and values between our two organizations makes Tri-State and Tencarva a great fit.”
INDUSTRIAL SUPPLY MAGAZINE
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