T.F. Hudgins Inc. (Houston) has announced a merger with Charleston, SC-based Allied Reliability Inc. According to the two companies, their merger combines the domain expertise and resources of industry leaders that are focused on improving the reliability and performance of a broad range of high-value assets operating in a variety of applications. Customers, in turn, are expected to benefit from an expanded portfolio of hardware, software, and value-added services.
Founded in 1947, T.F. Hudgins provides a portfolio of engineered products and services that improve the reliability of high-value equipment. Its primary end-markets include midstream oil & gas, petrochemical, refining, and other process industries.
Allied Reliability Group delivers best-in-industry operational reliability solutions, including condition monitoring, electrical services, consulting and training, staffing, and integrated product solutions for commercial and industrial manufacturing industries.
Jay Burnette, CEO of T.F. Hudgins, will lead the combined company “We are extremely excited to bring our two companies together for the benefit of our collective customers, employees, and stakeholders,” he said. “This combination will accelerate our growth in the expanding equipment-reliability space, particularly with a much broader condition-based monitoring and advanced diagnostics offering. We believe this will create significant value for our customers.”
John Schultz, CEO and founding partner of Allied Reliability, emphasized the importance of joining forces with another organization that shares the same commitment to reliability. “We have built our business on listening to and understanding our customers’ needs, and delivering superior technical capabilities,” he commented. “With the combination of our two companies, we will be in an even better position to drive innovation and deliver exceptional value to the global reliability community.”
T.F. Hudgins is a portfolio company of The CapStreet Group, a Houston-based private equity firm that invests in owner-managed, lower-middle-market companies headquartered in Texas and surrounding states, with a particular emphasis on companies in the greater Houston area.
Allied Reliability is a portfolio company of Pfingsten Partners, an operationally focused private-equity firm with headquarters in Chicago and and representative offices in ChangAn, China, and New Delhi and Chennai, India. Since completing its first investment in 1991, Pfingsten has raised five investment funds with total commitments of approximately $1.3 billion and acquired 114 companies.