Jones & Frank completed the acquisition of PSI.

MidOcean-backed Jones & Frank, a provider of turnkey distribution, installation and service solutions, completed the acquisition of PSI, a full-service provider of petroleum equipment distribution, maintenance and installation services. Financial terms were not disclosed. "PSI has a very strong reputation for integrity built on a foundation of outstanding customer service, operational excellence and exceptional expertise in product support. These capabilities will bolster Jones & Frank’s strong sales, service and installation networks, providing our customers with more comprehensive support for all of their fueling equipment needs," Keith Shadrick, Jones & Frank CEO.