Audax Private Equity has sold Protective Industrial Products to Odyssey Investment Partners
Headquartered in Latham, New York, Protective Industrial Products (PIP) is a leading provider of essential, high performance hand and arm personal protective equipment (PPE) products with an increasingly broad array of adjacent consumable PPE categories, including protective clothing, head protection, eye and hearing protection and others. PIP serves over 5,600 customers around the world in both the industrial distribution and retail channels, with a comprehensive product portfolio of over 20 brands and 12,000 stock keeping units (SKUs). The company maintains strategic relationships with more than 400 overseas suppliers and operates 10 domestic manufacturing facilities and 12 global distribution centers. PIP is a leading consolidator within the industry, completing over 25 acquisitions since 1991, expanding its product and brand portfolio while maintaining its dedication to high-quality PPE and best-in-class customer service.
Lincoln acted as the lead financial advisor, working closely with Audax Private Equity and the PIP management team throughout the sale process. This included providing mergers and acquisitions and industry expertise, as well as managing the preparatory, marketing, due diligence and negotiation phases of the transaction.
Lincoln ran a highly effective process, led by a hands-on, senior team that helped us secure an exceptional outcome for all of PIP's stakeholders.
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