BlackArch Partners Advises on Sale of Industrial Air Tool to Pipeline Supply & Service

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BlackArch acted as financial adviser to ZS Fund L.P. to assist in the realization of their investment in Industrial Air Tool L.P., the leading specialty distributor of mission-critical and application-specific products for the upstream and downstream energy and industrial end markets.

BlackArch Partners is pleased to announce the sale of Industrial Air Tool L.P. (“IAT” or the “Company”), a portfolio company of ZS Fund L.P., to Pipeline Supply & Service LLC (“PSS”), a portfolio company of Broad Street Energy Partners, an affiliate of Goldman Sachs Merchant Banking Division.

IAT, headquartered in Pasadena, TX, is the leading specialty distributor of specialized material handling equipment (high-capacity winches and hoists), industrial tools, MRO and safety supplies, spare parts and aftermarket repair and rental services to the upstream and downstream energy and industrial end markets. IAT fulfills critical high-value gaps in the energy supply chain, distributing a broad array of mission-critical and application-specific products to address the operationally demanding and highly time-sensitive product needs throughout the lifecycle of its customers’ hard-to-reach, remotely located infrastructure.

The combination of IAT and PSS results in a leading specialty distribution company with a well-diversified platform, significant scale and broad exposure across the energy value chain.

BlackArch was retained by IAT’s financial sponsor ZS Fund L.P. and Management to serve as exclusive financial adviser on the transaction. PSS was advised by Goldman Sachs. Specific terms of the transaction were not disclosed.

“We have chosen to work with BlackArch on multiple occasions due to their balanced approach of not only maximizing shareholder value but also addressing the various objectives of management teams as well as buyers. As a result, we have developed enormous trust in the BlackArch team to get all parties focused on agreeing to the key terms necessary to get a transaction closed. We value the personal connection we have developed with their team and look forward to working with them again.” -    Bob Horne and Nick Burger, Partners ZS Fund L.P.

IAT sits squarely at the intersection of Distribution & Supply Chain Management and Energy, two sectors of deep expertise and significant momentum for BlackArch.

About IAT
IAT was originally founded in 1966 and has evolved from a local service and repair business to a value-added distributor occupying a competitively unique position in the global energy and industrial supply chain. The Company provides its customers with access to a broad and complementary set of products and value-added services, totaling more than 20,000 active SKUs from more than 700 vendors, including all of the premier industry brands in its product categories. IAT’s solutions-oriented approach and comprehensive offering address the needs of customers and vendors at every point throughout the lifecycle of energy infrastructure.

About ZS Fund L.P.

ZS Fund L.P. is a private equity firm engaged in making long-term investments in successful middle-market companies. The fund focuses on transactions that provide liquidity to business owners while enabling them to maintain a significant ownership. Since 1985, ZS has invested in more than 40 companies in transactions with an aggregate value of more than $2 billion.

About BlackArch Partners

BlackArch Partners is a leading middle-market investment bank offering a full spectrum of advisory services to financial sponsors, private companies and diversified corporations. BlackArch addresses the needs of entrepreneurs, founders and shareholders of private companies with specialized services that include M&A advisory, strategic advisory and private capital solutions. Headquartered in Charlotte, NC, with offices in Houston, TX, BlackArch features a total of 12 industry-focused practices that covers all sectors of interest to middle-market investors; BlackArch professionals have closed over 300 transactions in 16 countries on four continents. Please visit our website:, for more details.

Securities offered through BlackArch Securities LLC. Member FINRA and SIPC. Testimonials may not be representative of the experience of all clients. Testimonials are not a guarantee of future performance or success.

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Joanne Verkuilen
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