Shale-Inland is to be acquired by Shale-Inland Holdings, LLC, an affiliate of investment firms TowerBrook Capital Partners (TowerBrook) and The Stephens Group, LLC. Terms of the transaction have not been disclosed. The transaction is expected to close by the end of March.
On transaction close, Shale-Inland is expected to be combined with HD Supply’s IPVF business (IPVF), comprised of several businesses including Southwest Stainless & Alloy, J& J Alloys, Sunbelt Supply Co and Metals Inc., collectively one of the nation’s largest master and industrial distributors of stainless steel, chrome, nickel and nickel alloys, aluminium and carbon steel pipe, plate, bar, coil, sheet, valves, flanges and fittings – with capabilities to ship products all over the world. IPVF’s parent company, HD Supply, has also entered into a definitive agreement to sell IPVF to Shale-Inland Holdings, LLC. That transaction is also expected to close by the end of March.
"We are excited to embark on this new phase for Shale-Inland, which we expect will help take our company to a new level of performance," says Craig T Bouchard, Chief Executive Officer of Shale-Inland. "The potential combination of the assets and people of IPVF’s businesses with Shale-Inland would create a powerful and well-diversified industrial supply business serving over 6000 customers on four continents."
"Aligning Industrial PVF with an owner focused solely on their business model will allow them to capitalise on the momentum they have built," says Joe DeAngelo, CEO of HD Supply. "Shale-Inland’s market focus will provide additional opportunities to accelerate future growth for the IPVF business and its employees."
