Add-on Acquisition • Business Services

Colt Group Acquires PSI

On December 3, 2024, Colt Group acquired business services company PSI

Acquisition Context
  • This is Colt Group’s 1st transaction in the Business Services sector.
  • This is Colt Group’s 1st transaction in the United States.
  • This is Colt Group’s 1st transaction in Montana.

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M&A Deal Summary

Date December 3, 2024
Target PSI
Sector Business Services
Buyer(s) Colt Group
Deal Type Add-on Acquisition

Target Company

PSI

Worden, Montana, United States
PSI provides online leak repair, hot tapping, line stopping, and field machining services to heavy-process facility customers throughout the Rocky Mountain region. PSI is based in Worden, Montana.
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Buyer Overview 1

Buyer

Colt Group

Pasadena, Texas, United States

Category Company
Founded 1981
Sector Business Services
DESCRIPTION

Colt Group is a national provider of industrial leak repair solutions, offering design, engineering, manufacturing, and installation to clients operating highly utilized, mission-critical industrial process plants. Colt Group was founded in 1981 and is based in Pasadena, Texas.


Deal Context for Buyer #
Overall 1 of 3
Sector: Business Services 1 of 2
Type: Add-on Acquisition 1 of 3
State: Montana 1 of 1
Country: United States 1 of 3
Year: 2024 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-27 RJ Stacey

Lake Orion, Michigan, United States

RJ Stacey provides online leak repair, hot tapping, line stopping, and blast furnace repair. The Company serves a diverse customer base across the Midwest that includes companies in the energy, steel, construction, pharmaceutical and automotive industries, among others. RJ Stacey was founded in 1990 and headquartered in Lake Orion, Michigan.

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