On-line industrial leak repair solutions provider The Colt Group acquired RJ Stacey to add additional resources and tools to its customer base.
Terms of the transaction were not disclosed.
Founded in 1990 and headquartered in Lake Orion, MI, RJ Stacey provides on-line leak repair, hot tapping, line stopping and blast furnace repair. The company serves a diverse customer base across the Midwest that includes companies in the energy, steel, construction, pharmaceutical and automotive industries.
“With growing demand for hot tap/line stop services, RJ Stacey’s deep experience in the area is expected to add immediate value to both new and existing customers,” said Colt CEO Jason Box in a Jan. 27 news release. “Additionally, this strengthens our geographic footprint in the Midwest, bridging key service locations and further expanding our ability to serve customers more effectively.”
He added: “With RJ Stacey and the addition of PSI late last year, Colt is solidifying its strong position in the market, and we are eager to continue executing on strategic acquisitions in the coming year.”
RJ Stacey Founder and CEO Ryan Stacey will remain with the company.
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