AXIOS Industrial Group to merge with A&L Industrial Services.

AXIOS Industrial Group, a provider of industrial scaffolding, insulation, coatings and other specialty service solutions, agreed to merge with A&L Industrial Services, a contracting services provider. White Deer Energy, the former controlling shareholder of AXIOS, and Hastings Equity Partners, the former controlling shareholder of A&L Industrial Services, will continue as the majority shareholders of the combined entity. Financial terms were not disclosed. "This merger of AXIOS and A&L has the right mix of similarities and differences. We have essentially the same product and service offerings in the same geographic markets, with different customer bases and industry segment strengths. Combined, we will offer our clients even greater service, expertise and efficiency," Joe Compofelice, AXIOS Chairman and CEO.