Announced
Completed
Financials
Tags
Majority
Completed
Single Bidder
United States
Friendly
mission-critical repair
Acquisition
maintenance services
natural gas compressors
Maintenance Repair and Overhaul (MRO)
Domestic
Private Equity
Private
Synopsis
BP Energy Partners, a Texas-based private equity firm, completed the acquisition of a majority stake in American Industrial Machine, a resource for oil and gas customers needing precision compressor repair and maintenance service, from AAVIN Equity Advisors, a lower middle-market private equity firm focused on founder or family-led buyout and recap transactions. Financial terms were not disclosed. "AIM's strong culture of service, deep customer relationships and history of growth support its unwavering value proposition and focus on the compressor irrespective of its source of power. We look forward to partnering with the Company and supporting its next phase of growth," Michael Watzky, BP Energy Partners Managing Partner.
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