Congruent Investment Partners, a private equity firm based in Dallas, Texas, had made an equity investment in American Industrial Services, the Waxahachie, Texas-based parent company of Southern Welding, Elite Refractory, and Trailers by Southern Welding, LLC.
American Industrial Services provides maintenance and repair services to industrial plants. The investment will allow the AIS team to support growth in different parts of the business. Going forward, AIS team will continue to lead the company operationally.
”My motivation for this transaction was to bring on a partner who brought strengths where I have weaknesses so that we can better serve our customers and become a leader in the industry,” said AIS’s founder, Shane Boston. “Our core team will remain in place and continue to lead the Company operationally, while Congruent will supplement other areas of the business, allowing us to better serve the industries in which we operate,” he continued.