Industrial Air Tool

Industrial Air Tool (“IAT”) is the leading 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. IAT fulfills critical high-value gaps in the energy supply chain, distributing a broad array of mission-critical and application-specific products to address the operationally demanding and highly time-sensitive product needs throughout the lifecycle of its customers’ hard-to-reach, remotely located infrastructure.

a portfolio company of

has been acquired by

Material Handling Equipment

Situation

ZS Fund and management retained BlackArch to assist in realizing a return on their investment in IAT.

BlackArch’s Customized Solution

BlackArch’s marketing process was tailored to showcase IAT to a range of suitable financial and strategic partners. Marketing materials emphasized IAT’s solutions-oriented approach and comprehensive offering that addressed the needs of customers and vendors at every point throughout the lifecycle of energy infrastructure. The marketing process generated interest from a strong field of potential strategic and financial partners.

Outcome

IAT was acquired by Pipeline Supply & Service (“PSS”), a portfolio company of Broad Street Energy Partners, an affiliate of Goldman Sachs Merchant Banking Division. 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.

Industries:

Distribution, Energy & Industrial Services

Location:

Pasadena, TX

Transaction type:

Sellside Advisory