Triad Technologies Acquires Illinois-Based Hose Distributor - Modern Distribution Management

Log In

Triad Technologies Acquires Illinois-Based Hose Distributor

The acquisition of Industrial Service Products expands Ohio-based Triad's presence in Illinois.

Ohio-based industrial distributor Triad Technologies LLC announced Jan. 10 its acquisition of Industrial Service Products LLC (ISP), a distributor of custom fabricated hose, valves, fittings and other related products. Financial terms of the transaction — which was completed Dec. 30, according to a news release — were not disclosed.

Based just outside of Chicago in Lyons, Illinois, ISP has been serving industrial customers since 1972. The acquisition is consistent with Triad’s strategy to expand its product offering, which already includes fluid power, industrial automation and fluid conveyance products.

“ISP’s broad offering of hoses, fittings, valves, loading, and safety equipment aligns nicely with Triad’s base of industrial customers and will complement our current offering of premium motion control and hydraulic products,” Triad President and CEO Greg Wissman said. “Importantly, we share a common commitment to the highest levels of customer service, technical expertise, and support.”

MDM’s M&A Virtual Summit, to be held Feb. 21-22, has something to offer for any distributor on the dealmaking spectrum. We’ll cover the current state of M&A; how to maximize valuation; integration do’s and don’ts; ESOPs; the culture side of the M&A process; and more. Get details and register here.

“Triad’s additional resources and capabilities extend ISP’s ability to offer an even broader array of product categories that provide solutions for customer applications,” ISP president Steve Parker said. “And the combined company not only better positions ISP to meet the needs of its customers, but also creates growth and development opportunities for our employees.”

ISP is Triad’s second acquisition since partnering with private equity firm Shorehill Capital LLC in 2019, according to the release.

“ISP enhances Triad’s fluid conveyance and industrial hose capabilities, and it strengthens our footprint in Illinois and Indiana,” Shorehill managing director Charlie Denison said. “Looking forward, Triad continues to seek acquisitions that expand its product breadth and geographic reach to better serve its customers.”

See MDM’s Investment Bank Directory for a rundown of the key investment banks and advisory firms in the distribution sector.

Related Posts

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!


articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events



You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.