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New Deal


Announced

Completed

Odyssey Investment-backed PIP completed the acquisition of Industrial Starter.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Cross Border

Single Bidder

Friendly

Consumer Services: Other

Private Equity

Majority

Italy

personal protective equipment

Completed

Private

Synopsis

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Odyssey Investment-backed Protective Industrial Products, a distributor of hand protection products and personal protective equipment, completed the acquisition of Industrial Starter, a provider of personal protective equipment. Financial terms were not disclosed. "Industrial Starter is an ideal partner to join the PIP Global family. This union enables us to significantly expand our operations in southern and eastern Europe by adding strong people and a solid infrastructure that includes more than 20k sq mt of warehouse space. The business and operational functions of Industrial Starter are very efficient and as such, we do not anticipate any major changes," Joe Milot, PIP CEO.

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