Gatterdam Industrial Services has been acquired by Air Hydro Power, Inc.
ABOUT THE DEAL:
Gatterdam Industrial Services (also referred to as the “Company” and “GIS”) has been acquired by Air Hydro Power, Inc. (“AHP” or the “Buyers”).
Established in 1954 and headquartered in Louisville, Kentucky, Gatterdam Industrial Services is a privately-owned electric motor repair facility, specializing in the electrical motor, monitoring, and fluidic pump markets.
Also headquartered in Louisville, Kentucky and founded in 1961, Air Hydro Power, Inc. is an industrial distributor serving the Kentucky, southern Indiana, Alabama, Mississippi, West Virginia, and southeastern Ohio specializing in hydraulics, pneumatics, electrical automation, and hose and fittings. Owned by Tom McGuire, Matt Ott, and Dick Beaven since 1998, AHP has nineteen locations and over 270 employees including customer service, product specialists and a technical engineering staff.
“With the business landscape changing rapidly, it was important for me to find a partner like AHP with the resources and expertise to give us every possible competitive advantage. Combining with AHP positions us for success, both with our customer base and our loyal team members for many years to come,” said Schuyler John, president of Gatterdam Industrial Services, who will remain as general manager of the Gatterdam Division of AHP.
Matt Ott, Co-Owner of AHP, stated, “Gatterdam has the experience and reputation for customer service, which customers need today more than ever. This broadens the range of products and services AHP has to offer.”
Allston Advisory Group served as the exclusive financial advisor to Gatterdam Industrial Services. Allston assisted GIS throughout the transaction process, including preparing the company for sale.
ABOUT ALLSTON ADVISORY GROUP, LLC:
Allston Advisory Group, LLC is an experienced M&A advisory firm providing mergers & acquisitions, business valuations, and exit strategies to lower middle market companies. Headquartered in Louisville, Kentucky, the firm has an established track record of serving corporate clients across a broad spectrum of industries throughout the United States. Allston Advisory Group has the experience, professional fortitude, and quality of work that enable the firm to consistently deliver high-level results to its clients.
For additional information on this deal, please contact one of our advisors.
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