TULSA, OKLAHOMA - October 29, 2012. ClearRidge Capital, an Oklahoma Investment Banking firm, announces Pipeline Supply & Service’s acquisition of substantially all the assets of Allied Industrial, Inc. Allied Industrial Supply was advised by ClearRidge Capital.

Founded in Oklahoma in 1978, Allied Industrial Supply is an Oklahoma distributor of commercial and industrial tools, supplies and equipment. The Company serves large corporate customers that provide services to downstream oil and gas companies, providing a superior service and more efficient purchasing process for major construction, turnaround or rehabilitation projects.

Allied Industrial carries high-quality, brand-name “Made in U.S.A.” products. They have direct relationships and carry deep inventory of almost every manufacturer that they represent, allowing Allied to offer products at competitive, factory-direct prices.

Terms of the transaction are not disclosed.

About Allied Industrial, Inc.
For further information, visit www.alliedindustrial.net 

About Pipeline Supply & Service, LLC
Pipeline Supply & Service (“PSS”) was established in 1987. Headquartered in Houston, Texas with additional locations in George West, Texas and Belle Vernon, Pennsylvania. PSS provides industrial and safety supplies, maintenance and repair services and rental equipment to the pipeline and plant contractor as well as the oil and gas transmission industry. They stock over 4,000 different items and represent over 300 manufacturers. For further information, visit www.pipelinesupply.com

About ClearRidge Capital
ClearRidge provides Corporate Finance, Merger & Acquisition and Restructuring services for midsized companies. ClearRidge has completed M&A transactions, provided restructuring advice and secured new and replacement capital for midsized companies across the US and Canada. Advisory services are provided with a focus to maximize value for shareholders and ensure that the process is confidential, timely and professional. ClearRidge has worked with many of the leading private equity groups, banks, law firms, audit and accounting firms across the US. For further information, visit www.clearridgecapital.com

http://www.clearridgecapital.com/news/alliedindustrialtulsa.htm