Wednesday, 18 August 2021 20:23

Odyssey Investment Partners Acquires Painters Supply and Equipment


Share This:


Odyssey Investment Partners announced it has acquired Painters Supply & Equipment Co., a leading specialty distributor of paint, coatings and related consumables serving the automotive refinish, commercial and diversified industrial markets.

Financial terms of the transaction were not disclosed.


PSE provides more than 8,000 customers with a wide variety of specialty coatings and services spanning industries and applications, including collision, commercial, industrial, architectural and aerospace. As the largest PPG Platinum distributor in the U.S., it is an integral part of the auto refinish supply chain with key vendor relationships built over multiple decades.


The company has grown substantially in recent years, supported by 10 acquisitions since 2017 and significant operational investments in talent and technology.


"PSE is a highly compelling investment opportunity with an outstanding business model that delivers recurring revenue as well as superior value to both vendor partners and customers," said Jason Cowett, a managing principal at Odyssey. "The company's supply chain expertise across diverse industries, commitment to customer service and successful M&A strategy have enabled significant scale and market share gains.


PSE is well positioned for accelerated growth through geographic and category expansion as well as continued consolidation of fragmented markets. We are excited to support CEO Patrick Mayette and the existing leadership team, who will continue to lead the company through its next phase of growth."


"Jason and the Odyssey team are the ideal partners for us to fuel our long-term strategic growth plans," said Mayette, also president of PSE. "We have built...

Previous Page Continue reading »

Read 186 times