Latest news with #OdysseyInvestmentPartners
Bloomberg
28-07-2025
- Business
- Bloomberg
Odyssey Seeks $1 Billion to Extend Hold on Industrial Electric
Odyssey Investment Partners is pitching a single-asset continuation fund to extend its hold on portfolio company Industrial Electric Mfg., according to people familiar with the matter. The private equity firm invested in IEM in 2022 through Odyssey Investment Partners Fund VI, which closed two years earlier with $3.25 billion, said the people, who asked not to be identified discussing confidential information.
Yahoo
02-07-2025
- Business
- Yahoo
Odyssey Investment Partners to Sell Applied Technical Services to SGS for $1.325 Billion
NEW YORK, July 02, 2025--(BUSINESS WIRE)--Odyssey Investment Partners, LLC ("Odyssey") announced today that it has entered into a definitive agreement to sell its portfolio company Applied Technical Services, Inc. ("ATS" or the "Company"), a leading provider of specialized Testing, Inspection, Calibration and Forensic Consulting solutions in North America, to SGS, the world's leading Testing, Inspection and Certification company, in a transaction valued at $1.325 billion. ATS has a nearly 60-year history of providing critical solutions to clients across a diverse set of large and stable end markets including manufacturing, power generation, food and beverage, chemicals, aerospace, life sciences, and defense. Its market-leading service offerings include materials testing, environmental simulation, chemical analysis, calibration, non-destructive inspection, and forensic consulting. ATS is headquartered in Marietta, Georgia and employs approximately 2,100 team members in over 85 locations across the United States. ATS has undergone a dramatic transformation since it was acquired by an Odyssey fund in 2020. During this time, the Company completed nearly 40 acquisitions, through which it added considerable scale and diversified its service offerings and end markets. Further, Odyssey constructed a world-class executive team that has driven the Company forward and built out a centralized corporate structure that has enhanced efficiency across ATS's footprint. Jonathan Place, a Managing Principal at Odyssey, said, "We are very proud of our highly successful investment in ATS. In partnership with the management team, we have built an unparalleled North American business in terms of scale and diversity, and one that is regarded by its customers as a best-in-class service provider. As a result of our many accomplishments, ATS is well positioned for continued long-term growth and strong performance, and has attracted the interest of the global leader, which envisions it as a critical piece in achieving its considerable ambitions in North America. In addition, the strength and size of the SGS network will provide greater opportunities for ATS to expand its services to new geographies. We are grateful to the management team for their hard work and dedication and wish all of ATS's employees continued success as part of SGS." ATS CEO Mike McIlwain added, "Odyssey has been an exceptional partner to ATS over the past four years. Under its ownership, our business achieved unprecedented growth as a result of the team's vision, industry experience, and the considerable financial and strategic resources they made available to us. I want to thank the entire ATS team for their tireless efforts and commitment to realizing this vision. Together with Odyssey, we've built upon our strong brand and service culture, which has further strengthened our loyal customer relationships. As we move on to a new chapter, we thank Odyssey for our collaboration, the benefits of which will be felt for years to come." Completion of the transaction, which is expected by the end of 2025, is subject to customary closing conditions. Houlihan Lokey is serving as lead financial advisor with Rothschild & Co. as co-financial advisor, and Latham & Watkins LLP is serving as legal counsel to Odyssey. About Odyssey Investment Partners Odyssey Investment Partners is a leading private equity investment firm with more than a 25-year history of partnering with skilled managers and using its buy, build and integrate approach to transform middle-market companies into more efficient and diversified businesses with strong growth profiles. Odyssey makes primarily majority-controlled investments in industrial and business services sectors with a long-term positive outlook and favorable secular trends. For further information about Odyssey, please visit View source version on Contacts Mark Semer / Grace CartwrightGasthalter & Co.(212) 257-4170odyssey@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
22-05-2025
- Business
- Yahoo
Protective Industrial Products Completes Acquisition of Honeywell's Personal Protective Equipment Business
LATHAM, N.Y., May 22, 2025--(BUSINESS WIRE)--Protective Industrial Products, Inc. ("PIP®") announced today the completion of its acquisition of Honeywell's (NASDAQ: HON) Personal Protective Equipment (PPE) Business. The acquired business includes globally recognized brands such as Fendall™, Fibre-Metal™, Howard Leight™, KCL™, Miller™, Morning Pride™, North™, Oliver™, Salisbury™, and others. PIP is a portfolio company of Odyssey Investment Partners, LLC. This acquisition creates a world-class portfolio of protective equipment and solutions through the addition of powerful brands and products that are highly complementary to PIP's. The combination broadens and strengthens PIP's head-to-toe protection offering, covering worker safety, electrical safety, hearing protection, head protection, respiratory, fall protection, eye protection, footwear, first aid, and first responder equipment. In addition, the acquisition expands PIP's global manufacturing and distribution footprint to approximately 50 countries and will enhance supply chain and product development capabilities. Curt Holtz, President and CEO of PIP, said, "This acquisition is an exciting moment for PIP and our industry that will enable us to offer more growth opportunities for our valued customers around the world by significantly enhancing our product offerings, geographic reach, and manufacturing capabilities. Over our 40-year history, PIP's vision of bringing the best in the world to our customers has remained unchanged and this marks another important step. We will continue our unrelenting focus to serve as a trusted partner to customers by listening to their needs and delivering comprehensive, creative solutions that best achieve their goals. In combining the strengths of both companies, we are passionate about creating an industry leader that is more agile, more innovative, and more capable of providing unmatched expertise and service to help our customers grow. "We are eager to welcome our new employees to the PIP Global Safety family and look forward to working together to best serve our customer's needs," Mr. Holtz added. Michael Garceau, President of the newly acquired PPE business, will continue to lead the business, and will report directly to Mr. Holtz. "This is an exciting new chapter for our team and our customers," said Mr. Garceau. "PIP has a long-standing commitment to safety, service, and innovation, and over 40 years of experience delivering best-in-class products to customers by working closely with them to meet their needs. We look forward to integrating the business into PIP's widely respected culture of entrepreneurship and customer service to expand our impact in the global PPE market." "The completion of this transformational acquisition is an important milestone for PIP, its customers and its employees around the world," said Craig Staub, Senior Managing Principal at Odyssey Investment Partners. "We are thrilled to support the PIP management team as they build the value of the expanded platform and its world-class brand portfolio." About Protective Industrial Products, Industrial Products, Inc. ("PIP®") is a global leader in personal protective equipment, committed to providing innovative safety solutions that protect workers across a wide range of industries, including construction, manufacturing, utilities, and fire safety. Now operating in approximately 50 countries, PIP continues to expand its world-class portfolio, which includes trusted brands such as Bisley®, Fendall™, Fibre-Metal™, G-Tek®, Grippaz®, Howard Leight™, KCL™, Miller™, Morning Pride™, North™, Oliver™, Salisbury™, and more—all unified under the PIP Global Safety brand family. About Odyssey Investment PartnersOdyssey Investment Partners is a leading private equity investment firm with more than a 25-year history of partnering with skilled managers and using its buy, build and integrate approach to transform middle-market companies into more efficient and diversified businesses with strong growth profiles. Odyssey makes majority-controlled investments in industrial and business services sectors with a long-term positive outlook and favorable secular trends. For further information about Odyssey, please visit View source version on Contacts Media Contact: Mark Semer / Grace CartwrightGasthalter & Co.(212) 257-4170odyssey@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
22-05-2025
- Business
- Business Wire
Protective Industrial Products Completes Acquisition of Honeywell's Personal Protective Equipment Business
BUSINESS WIRE)--Protective Industrial Products, Inc. ('PIP ® ') announced today the completion of its acquisition of Honeywell's (NASDAQ: HON) Personal Protective Equipment (PPE) Business. The acquired business includes globally recognized brands such as Fendall™, Fibre-Metal™, Howard Leight™, KCL™, Miller™, Morning Pride™, North™, Oliver™, Salisbury™, and others. PIP is a portfolio company of Odyssey Investment Partners, LLC. This acquisition creates a world-class portfolio of protective equipment and solutions through the addition of powerful brands and products that are highly complementary to PIP's. The combination broadens and strengthens PIP's head-to-toe protection offering, covering worker safety, electrical safety, hearing protection, head protection, respiratory, fall protection, eye protection, footwear, first aid, and first responder equipment. In addition, the acquisition expands PIP's global manufacturing and distribution footprint to approximately 50 countries and will enhance supply chain and product development capabilities. Curt Holtz, President and CEO of PIP, said, 'This acquisition is an exciting moment for PIP and our industry that will enable us to offer more growth opportunities for our valued customers around the world by significantly enhancing our product offerings, geographic reach, and manufacturing capabilities. Over our 40-year history, PIP's vision of bringing the best in the world to our customers has remained unchanged and this marks another important step. We will continue our unrelenting focus to serve as a trusted partner to customers by listening to their needs and delivering comprehensive, creative solutions that best achieve their goals. In combining the strengths of both companies, we are passionate about creating an industry leader that is more agile, more innovative, and more capable of providing unmatched expertise and service to help our customers grow. 'We are eager to welcome our new employees to the PIP Global Safety family and look forward to working together to best serve our customer's needs,' Mr. Holtz added. Michael Garceau, President of the newly acquired PPE business, will continue to lead the business, and will report directly to Mr. Holtz. "This is an exciting new chapter for our team and our customers," said Mr. Garceau. "PIP has a long-standing commitment to safety, service, and innovation, and over 40 years of experience delivering best-in-class products to customers by working closely with them to meet their needs. We look forward to integrating the business into PIP's widely respected culture of entrepreneurship and customer service to expand our impact in the global PPE market." 'The completion of this transformational acquisition is an important milestone for PIP, its customers and its employees around the world,' said Craig Staub, Senior Managing Principal at Odyssey Investment Partners. 'We are thrilled to support the PIP management team as they build the value of the expanded platform and its world-class brand portfolio.' About Protective Industrial Products, Inc. Protective Industrial Products, Inc. ('PIP ®') is a global leader in personal protective equipment, committed to providing innovative safety solutions that protect workers across a wide range of industries, including construction, manufacturing, utilities, and fire safety. Now operating in approximately 50 countries, PIP continues to expand its world-class portfolio, which includes trusted brands such as Bisley®, Fendall™, Fibre-Metal™, G-Tek®, Grippaz®, Howard Leight™, KCL™, Miller™, Morning Pride™, North™, Oliver™, Salisbury™, and more—all unified under the PIP Global Safety brand family. About Odyssey Investment Partners Odyssey Investment Partners is a leading private equity investment firm with more than a 25-year history of partnering with skilled managers and using its buy, build and integrate approach to transform middle-market companies into more efficient and diversified businesses with strong growth profiles. Odyssey makes majority-controlled investments in industrial and business services sectors with a long-term positive outlook and favorable secular trends. For further information about Odyssey, please visit
Yahoo
22-05-2025
- Business
- Yahoo
Protective Industrial Products Completes Acquisition of Honeywell's Personal Protective Equipment Business
LATHAM, N.Y., May 22, 2025--(BUSINESS WIRE)--Protective Industrial Products, Inc. ("PIP®") announced today the completion of its acquisition of Honeywell's (NASDAQ: HON) Personal Protective Equipment (PPE) Business. The acquired business includes globally recognized brands such as Fendall™, Fibre-Metal™, Howard Leight™, KCL™, Miller™, Morning Pride™, North™, Oliver™, Salisbury™, and others. PIP is a portfolio company of Odyssey Investment Partners, LLC. This acquisition creates a world-class portfolio of protective equipment and solutions through the addition of powerful brands and products that are highly complementary to PIP's. The combination broadens and strengthens PIP's head-to-toe protection offering, covering worker safety, electrical safety, hearing protection, head protection, respiratory, fall protection, eye protection, footwear, first aid, and first responder equipment. In addition, the acquisition expands PIP's global manufacturing and distribution footprint to approximately 50 countries and will enhance supply chain and product development capabilities. Curt Holtz, President and CEO of PIP, said, "This acquisition is an exciting moment for PIP and our industry that will enable us to offer more growth opportunities for our valued customers around the world by significantly enhancing our product offerings, geographic reach, and manufacturing capabilities. Over our 40-year history, PIP's vision of bringing the best in the world to our customers has remained unchanged and this marks another important step. We will continue our unrelenting focus to serve as a trusted partner to customers by listening to their needs and delivering comprehensive, creative solutions that best achieve their goals. In combining the strengths of both companies, we are passionate about creating an industry leader that is more agile, more innovative, and more capable of providing unmatched expertise and service to help our customers grow. "We are eager to welcome our new employees to the PIP Global Safety family and look forward to working together to best serve our customer's needs," Mr. Holtz added. Michael Garceau, President of the newly acquired PPE business, will continue to lead the business, and will report directly to Mr. Holtz. "This is an exciting new chapter for our team and our customers," said Mr. Garceau. "PIP has a long-standing commitment to safety, service, and innovation, and over 40 years of experience delivering best-in-class products to customers by working closely with them to meet their needs. We look forward to integrating the business into PIP's widely respected culture of entrepreneurship and customer service to expand our impact in the global PPE market." "The completion of this transformational acquisition is an important milestone for PIP, its customers and its employees around the world," said Craig Staub, Senior Managing Principal at Odyssey Investment Partners. "We are thrilled to support the PIP management team as they build the value of the expanded platform and its world-class brand portfolio." About Protective Industrial Products, Industrial Products, Inc. ("PIP®") is a global leader in personal protective equipment, committed to providing innovative safety solutions that protect workers across a wide range of industries, including construction, manufacturing, utilities, and fire safety. Now operating in approximately 50 countries, PIP continues to expand its world-class portfolio, which includes trusted brands such as Bisley®, Fendall™, Fibre-Metal™, G-Tek®, Grippaz®, Howard Leight™, KCL™, Miller™, Morning Pride™, North™, Oliver™, Salisbury™, and more—all unified under the PIP Global Safety brand family. About Odyssey Investment PartnersOdyssey Investment Partners is a leading private equity investment firm with more than a 25-year history of partnering with skilled managers and using its buy, build and integrate approach to transform middle-market companies into more efficient and diversified businesses with strong growth profiles. Odyssey makes majority-controlled investments in industrial and business services sectors with a long-term positive outlook and favorable secular trends. For further information about Odyssey, please visit View source version on Contacts Media Contact: Mark Semer / Grace CartwrightGasthalter & Co.(212) 257-4170odyssey@ Sign in to access your portfolio
