Equity group buys Abrasive Products & Equipment
Charlotte, N.C.-based private equity firm Ridgemont Equity Partners has closed a majority investment in Abrasive Products & Equipment.
Headquartered in Deer Park, Texas, AP&E is a specialty distributor of surface preparation, remediation, abatement, safety, environmental, and waterjet cutting products and solutions. It operates through four brands – AP&E, BKW, SharpJet and Safety Pros – out of 14 locations throughout the Gulf Coast and Mid-Atlantic regions. The company provides abrasive material and equipment as well as safety, maintenance and environmental supplies for surface preparation demands of contractors across a variety of industrial markets. AP&E serves petrochemical infrastructure, offshore drilling, shipyard operators, oil & gas pipeline infrastructure, waterjet cutting solutions, and general manufacturing, healthcare, and government sectors.
Financial terms of the deal were not disclosed.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
