Pipeline Supply & Service Acquires Industrial Air Tool

IAT, headquartered in Pasadena, TX, is a 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.

Charlotte, NC - BlackArch Partners announces the sale of Industrial Air Tool L.P. (“IAT” or the “company”), a portfolio company of ZS Fund L.P., to Pipeline Supply & Service LLC (“PSS”), a portfolio company of Broad Street Energy Partners, an affiliate of Goldman Sachs Merchant Banking Division.

IAT, headquartered in Pasadena, TX, is a 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.

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.

BlackArch was retained by IAT’s financial sponsor ZS Fund L.P. and Management to serve as exclusive financial adviser on the transaction. PSS was advised by Goldman Sachs. Specific terms of the transaction were not disclosed.

“We have chosen to work with BlackArch on multiple occasions due to their balanced approach of not only maximizing shareholder value but also addressing the various objectives of management teams as well as buyers. As a result, we have developed enormous trust in the BlackArch team to get all parties focused on agreeing to the key terms necessary to get a transaction closed. We value the personal connection we have developed with their team and look forward to working with them again.” -    Bob Horne and Nick Burger, Partners ZS Fund L.P.

IAT sits squarely at the intersection of Distribution & Supply Chain Management and Energy, two sectors of deep expertise and significant momentum for BlackArch.

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