Odyssey Investment Partners Acquires Protective Industrial Products (PIP)

Protective Industrial Products Acquires Honeywell's Personal Protective Equipment Business

May 22, 2025

Manufacturing

Protective Industrial Products, a portfolio company of Odyssey Investment Partners, has completed the acquisition of Honeywell's Personal Protective Equipment (PPE) business in an all-cash transaction valued at $1.325 billion. The deal adds well-known brands (including Howard Leight, North, Miller, Salisbury and others), expands PIP's product offering and global footprint, and represents a divestiture by Honeywell to simplify its portfolio.

Protective Industrial Products Acquires Boss Glove and Safety Business

December 4, 2019

Manufacturing

Protective Industrial Products, Inc. (PIP), headquartered in Latham, New York, has acquired the assets of the Boss Glove and Safety business from Boss Manufacturing Company of Kewanee, Illinois. PIP will integrate Boss's consumer glove and safety product lines into its West Chester retail division and expects the acquisition to expand its product portfolio and strengthen distribution to dealers, retailers and distributors.

Protective Industrial Products (PIP) Acquires Primax Manufacturing (Caiman Gloves)

November 17, 2020

Manufacturing

Protective Industrial Products, a portfolio company of Audax Private Equity, has acquired Primax Manufacturing & Trading, Inc., the maker of the Caiman high-performance glove brand, headquartered in La Mirada, California. The acquisition expands PIP's premium glove and welding/utility PPE offering and strengthens penetration with distributors serving demanding end markets.

Odyssey Investment Partners Acquires Painters Supply & Equipment Co.

August 17, 2021

Transportation

Odyssey Investment Partners has acquired Painters Supply & Equipment Co. (PSE), a specialty distributor of paint, coatings and related consumables serving automotive refinish, commercial and industrial markets. The deal will support PSE's continued geographic and category expansion and consolidation strategy while the existing leadership team remains in place; financial terms were not disclosed.

Crescendo Capital Partners and Construction Capital Group Acquire Peoria Industrial Piping Company (PIPCO)

December 26, 2025

Construction

Crescendo Capital Partners, together with operators from Construction Capital Group, has acquired Peoria Industrial Piping Company (PIPCO) and created a new holding company, Essential Facility & Infrastructure Services (EFI Services), with PIPCO as the first operating company. Fidus Capital provided term debt and an equity co-investment; the Cicciarelli family (sellers) retain equity and will remain in leadership roles as the sponsors build a regionally dominant MEP and fire protection platform in the Midwest.

Odyssey Investment Partners Acquires Pexco

March 16, 2022

Manufacturing

Odyssey Investment Partners has acquired Pexco LLC, a North American engineered plastic components manufacturer, from AEA Investors. Pexco’s management team, led by CEO Sam Patel, will remain invested alongside Odyssey as the company pursues further organic and inorganic growth across traffic safety, lighting, fluid handling and other specialty industrial end markets.