Mergers and acquisitions advisor Generational Equity announced Thursday that its client, Compressed Air Technologies, has been sold to Lane Industrial Supply Company. The acquisition closed Sept. 6 and details were not disclosed.
Founded in 1955, Denver-based Lane Industrial Supply Company (LSC) is a distributor of general manufacturing, industrial, millwork and construction supplies. The company has a second location in New Berlin, WI. Lane focuses on consumable products including tapes, abrasives, adhesives, packaging, janitorial/sanitation and protective film. Privately-held LSC also partners with converters to outsource non-core manufacturing processes, improve manufacturing processes or develop new manufacturing processes alongside its customers.
Compressed Air Technologies sells and services air compressors for commercial and industrial businesses. The company is a certified Kaeser distributor, providing service, sales and rentals across Ohio, Kentucky and Indiana.