Odyssey Investment Partners Acquires Painters Supply and Equipment

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Odyssey Investment Partners has acquired Painters Supply & Equipment Co. (PSE), a specialty distributor of paint, coatings and related consumables serving the automotive refinish, commercial and diversified industrial markets. Financial terms of the transaction were not disclosed.

According to the companies, PSE provides more than 8,000 customers with specialty coatings and services spanning industries and applications, including collision, commercial, industrial, architectural and aerospace. PSE has grown substantially in recent years, Odyssey says, supported by 10 acquisitions since 2017 and significant operational investments in talent and technology.

“PSE is a highly compelling investment opportunity with an outstanding business model that delivers recurring revenue as well as superior value to both vendor partners and customers,” said Jason Cowett, a managing principal at Odyssey. “The company’s supply chain expertise across diverse industries, commitment to customer service, and successful M&A strategy have enabled significant scale and market share gains. PSE is well positioned for accelerated growth through geographic and category expansion as well as continued consolidation of fragmented markets.”

According to Odyssey, PSE CEO Patrick Mayette and the existing leadership team will continue to lead the PSE through its next phase of growth.

Latham & Watkins LLP served as legal adviser to Odyssey, and Stifel, Nicolaus & Co., Inc. served as financial adviser.



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