The McLean Group Advises Angel Air Repair and Specialty Co., Inc. on its Sale to Industrial Air Tool, LLP

Lafayette, LA, September 2010 – Angel Air Repair and Specialty  Co., Inc. (Angel Air), a New Iber ia, LA-based sales and service  provider of pneumatic equipment,  announced that it has been  acquired by Industrial Air Tool, LLP , a leading industrial repair  and distribution company widely known for its unsurpassed  technical knowledge, applicati on experience and expertise.   Financial terms of the transaction were not disclosed.

Established in 1971, Angel Air Repa ir provides and services all  types of pneumatic equipment such  as chemical injector, gas,  liquid, solar and centrifugal pum ps; air compressors and air  starters; material handling system s; a wide array of hoists and  winches, and low and high pre ssure valves to oil and gas  industries on land, offshore and internationally.

Angel Air will operate as a wholly owned subsidiary of Industrial  Air Tool.  The firm’s management team will stay in place during  the transition while working to develop a broader pl atform for Industrial Air  Tool in the pneumatic  equipment marketplace.

“We are excited about bringing together two top mate rial handling distributors and service companies,”  said the President of Angel Air.  “Both companies’ worldwide buyer ne tworks, superior reputations and  decades of experience coupled with  Industrial Air Tools’ strong relati onships in the oil and chemical  refining industries and Angel Air’s  presence in the oil and gas industries position the merged firm for  exponential growth going forward.”

The McLean Group acted as the excl usive financial adviso r to Angel Air.  George Trappey, Managing  Director, was the transaction’s lead banker.

ABOUT THE MCLEAN GROUP

The McLean Group, LLC, is a national, middle market  investment bank headquartered in McLean, VA,  that provides merger and acquisition (M&A), capita l formation, market intelligence, business valuation,  litigation support, and exit planni ng services. The McLean Group serv es businesses generating up to  $500 million in annual revenues. The firm has more th an 30 offices nationwide, serving domestic and  international clients with a broad resume of successf ully consummated financial transactions. Securities  transactions are cleared through The McLean Group’ s affiliate, McLean Securities, LLC, a FINRA  Registered Broker Dealer and Memb er FINRA/SIPC. For more inform ation, visit www.www.mcleanllc.com.

Industrial-Air-Tool_acq_Angel-Air
Print Friendly, PDF & Email

About the Author : Adrian Toma


0 Comment
Defense & Government Services M&A 2020 Mid-Year ReviewRead More
+