Announced
Completed
Synopsis
Odyssey Investment Partners completed the acquisition of Painters Supply and Equipment, a distributor of automotive, industrial, and architectural coatings, from Skyline Global Partners, an investment firm. Financial terms were not disclosed. "PSE is a highly compelling investment opportunity with an outstanding business model that delivers recurring revenue as well as superior value to both vendor partners and customers. The Company's supply chain expertise across diverse industries, commitment to customer service, and successful M&A strategy have enabled significant scale and market share gains. PSE is well positioned for accelerated growth through geographic and category expansion as well as continued consolidation of fragmented markets. We are excited to support CEO Patrick Mayette and the existing leadership team, who will continue to lead the Company through its next phase of growth," Jason Cowett, Odyssey Managing Principal.
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