AIV acquires Zenith Supply
Houston-based AIV, a wholesale distributor of valves and actuators, has acquired Zenith Supply.
Founded in 1946, Pennsylvania-based Zenith Supply is a master distributor of Velan valves, a manufacturer of valves used primarily in power and downstream applications of the energy industry. Specializing in pressure seal valves, Zenith typically holds approximately $25 million in inventory, making them a “go-to” provider for hard-to-find and long-lead-time items, according to a company press release.
“The opportunity to combine the strengths of AIV and Zenith are truly once in a lifetime, and we feel honored to be able to continue the legacy that Mr. Marstine has built over the last few decades,” said Trey Cook, AIV president. “This acquisition will greatly strengthen our presence in the power industry as well as complement our offerings into the downstream industries we currently serve around the world.”
Zenith Supply will continue to operate under its own name and in its current facilities in Pittsburgh.
“We are excited to join forces with AIV as they are a great fit with Zenith,” said Sheldon Marstine, former Zenith Supply owner. “Together, we will be a powerhouse in the valve industry.”
AIV maintains sales and stocking locations in the U.S., Canada, the United Kingdom, Dubai and Singapore, with more than $80 million in inventory worldwide.
INDUSTRIAL SUPPLY MAGAZINE
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