Private equity firm acquires Abrasive Products & Equipment

Headquartered in Deer Park, Texas, Abrasive Products & Equipment has 14 locations throughout the Gulf Coast and Mid-Atlantic regions, and four brands – AP&E, BKW, SharpJet and Safety Pros. Abrasive Products & Equipment provides abrasive material and equipment and safety, maintenance and environmental supplies for contractors in a number of markets including petrochemical infrastructure, offshore drilling, shipyard operators, oil & gas pipeline infrastructure, waterjet cutting solutions, general manufacturing, healthcare and government.

“AP&E is a natural fit for Ridgemont’s portfolio,” said John Shimp, a partner at Ridgemont Equity Partners. “There is a lot of exciting activity around the petrochemical complex in the Gulf Coast and this investment is a continued evolution of Ridgemont’s broader thesis around these attractive market dynamics. Our team is able to couple our experience in industrial distribution with our extensive knowledge of the oil & gas revolution in the US.”

“We are pleased to enter into this partnership with the existing senior management team of AP&E,” added Jack Purcell, also a partner at Ridgemont. “The company has a unique culture centered on customer service, and we are excited to be a part of AP&E’s next stage of growth.”

Kevin Willis, CEO of AP&E, said: “Our AP&E team is very excited about our future to partner with Ridgemont. We immediately sensed the strong cultural fit and Ridgemont’s unique combination of energy and industrial distribution experience will help us achieve the expansion and growth we strive to achieve.”