FMI Advises Odessa American Industrial Machine in Sale to BP Energy Partners
FMI is pleased to announce the sale of Odessa American Industrial Machine (AIM), a portfolio company of AAVIN Equity Advisors LLC, to BP Energy Partners LLC, a Dallas, Texas-based private equity firm. FMI Capital Advisors (FMI) served as the exclusive financial advisor to AIM for this transaction.
Based in Odessa, Texas, AIM is a premier regional provider of mission-critical repair and maintenance services that keeps its customers’ compression assets running at optimum performance while eliminating costly downtime. The company specializes in the refurbishing, fabrication and critical parts supply for industrial engine and compressor equipment used in the transportation of natural gas.
“FMI’s industry knowledge, understanding of our goals and access to the right buyers made the process successful,” said Billy Silvia, CEO of AIM.
Josh Alcantar, CFO of AIM, added, “FMI ran things efficiently from start to finish. We’re really pleased with the outcome and excited about the next chapter.”
About Odessa American Industrial Machine
Odessa American Industrial Machine (AIM) is a leading resource for oil and gas customers needing urgent or planned precision repair and manufacturing of critical components. Founded in 2010 by Walt Tonge and John Hutson, AIM specializes in taking valves, cylinders, seals, pumps and more back to OEM specifications at two 24/7 full-service facilities in Odessa, Texas. With capabilities tailored to mission-critical parts where downtime fuels major losses, midstream operators know AIM meets their high standards for quality work, fast turnaround, and reliability when seconds count.
About AAVIN Equity Advisors
AAVIN Equity Advisors, LLC (AAVIN) is a lower middle-market private equity firm focused on founder or family-led buyout and recap transactions. AAVIN’s investment professionals have been investing in the lower middle-market for over 40 years and have invested in over 300 small businesses. AAVIN is led by co-founder and managing partner Jim Thorp and partners Thies Kolln, Dan Gross, and Kevin Mullane. AAVIN currently manages $275 million of assets and has offices in Cedar Rapids, Iowa, and Kansas City, Missouri.
About BP Energy Partners
BP Energy Partners (BPEP) is a Dallas, Texas-based middle market private equity firm investing in energy and the energy transition. BPEP is focused on investments in energy and energy intensive industries that enable energy security, energy reliability, and "Practical Decarbonization." Originally sponsored by T. Boone Pickens, BPEP was founded in 2013 and manages more than $600 million in committed capital. For more information, please visit www.bpenergypartners.com.
About FMI Capital Advisors
FMI Capital Advisors has fully dedicated and deeply experienced investment banking teams advising clients on merger and acquisition transactions across the built environment. We maximize value for our clients through our deep market knowledge, strong technical expertise and an unparalleled network of industry relationships. For more information, visit fmicapitaladvisors.com.
FMI Capital Advisors Contact:
Kjell Lundal
Managing Director
[email protected]