Liverpool, New York-based JGB Enterprises, Inc. — a company backed by HCI Equity Partners — acquired All-Serv Industrial, LLC at the end of December.
Financial terms were not disclosed.
JGB is a supply chain management and logistics services distributor of industrial hose, fluid power products, and hose assembly solutions throughout a “diverse set of end markets” including the U.S. Department of Defense, oil and gas, food and beverage, retail, construction, and industrial OEMs in the U.S. and Canada.
All-Serv is JGB’s second add-on acquisition since HCI’s platform investment. All-Serve, headquartered in Sulphur, Louisiana, is a supplier of hose and hose-related accessories for environmental remediation, industrial cleaning and other needs of the refinery and petrochemical market.
“All-Serv is an incredibly customer focused and market leading distribution platform in an industry where JGB has extensive experience and success,” JGB President Kevin Kilkelly said. “We believe it represents a compelling opportunity to drive operating improvements and geographic expansion. Moreover, we believe that JGB and All-Serv’s complementary businesses will scale nicely, accelerating growth, enhancing each other’s capabilities while fostering an entrepreneurial culture that delivers exceptional customer experience.”
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