On-line industrial leak repair solutions provider The Colt Group acquired Plant Services, Inc. (PSI)
Terms of the transaction were not disclosed. abb co
Worden, MT-based PSI offers on-line leak repair, hot tapping, line stopping and field machining services to heavy process facilities across the Rocky Mountain region. The company has regional offices in Montana, Colorado, Kansas, Oklahoma and Utah.
The Colt Group, meanwhile, brands itself as the largest privately-owned leak repair and mechanical services company in the U.S. and is based in Pasadena, TX. Along with products, it offers engineering, design, manufacturing, fabrication and mechanical services from 16 locations in the south and southeast
“With the addition of PSI, Colt extends our footprint deeper into the West and broadens our service capabilities, putting us in a stronger position to take market share in our fragmented industry,” Colt CEP Jason Box said in a Dec. 3 news release. “As industrial plants grapple with aging infrastructure and rising repair needs, PSI aligns perfectly with Colt’s commitment to developing innovative solutions that limit downtime. The partnership opens new avenues for us to deliver services, optimizing efficiency and providing enhanced accessibility and convenience for our customers.”
Established in 1981, The Colt Group is backed by Houston-based middle market private equity firm Capstreet.
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