Odyssey Investment Partners has agreed to buy personal protective equipment (PPE) provider Protective Industrial Products Inc. (PIP) from Audax Private Equity.
Private-equity firm Odyssey focuses on middle market companies in manufacturing, healthcare, energy, defense, aerospace and industrial services. The acquisition builds on Odyssey’s investment in PPE and industrial safety over the years, according to Odyssey principal Craig Staub. PIP manufactures PPE and industrial safety products for wholesalers and industrial distributors.
Latham & Watkins, LLP served as legal advisor to Odyssey, and KPMG served as financial advisor.