Exclusive financial advisor to Oak Mountain Industries, Inc.
KPMG corporate finance LLC acted as exclusive financial advisor to Oak Mountain Industries, Inc.
KPMG Corporate Finance LLC is pleased to announce the sale of Oak Mountain Industries, Inc. to Industry Services Co., a portfolio company of Osceola Capital Management.
Oak Mountain Industries and its affiliate Glasrock Products (collectively “OMI” or the “Company”) is a leading provider of maintenance and construction services to a wide range of industrial manufacturers. The Company’s services include refractory maintenance, installation, and construction ranging from routine daily maintenance to large-scale capital projects. OMI serves the steel, coke, cement, lime, and nonferrous metals industries. The Company’s headquarters are located in Pittsburgh, PA (USA) and Hamilton, ON (Canada).
"We're excited to partner with the teams at OMI and Glasrock. These companies strengthen our existing footprint in the Southeast and Midwest, expand our operations into the Northeast and Canada, and add expertise in strategic new end markets. We believe that this combination will benefit our customers with a greatly expanded geographic footprint, service offering, and end market capabilities," said Shawn Hunter, CEO of Industry Services Co.
Ben Moe, Managing Partner of Osceola Capital Management states, "Each of these companies is a leader in its respective market and services a high-quality and diverse customer base. These partnerships have further positioned ISC as a leader in refractory and plant maintenance solutions, and we look forward to continue pursuing an aggressive acquisition growth strategy."
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