Colt Group Enhances Midwest Presence with RJ Stacey Acquisition
Deal News | Jan 27, 2025 | Globenewswire
The Colt Group has announced the acquisition of RJ Stacey, a company established in 1990 and based in Lake Orion, MI, that provides services like online leak repair, hot tapping, line stopping, and blast furnace repair. This acquisition is strategically significant for Colt, as it strengthens its services and extends its geographic reach across the Midwest, catering to industries such as energy, steel, construction, pharmaceuticals, and automotive. As part of the acquisition agreement, RJ Stacey's founder and CEO, Ryan Stacey, will continue with the company, ensuring continuity of expertise and leadership. Colt Group, established in 1981 in Houston, has a reputation for innovative industrial leak repair solutions. This acquisition follows Colt’s addition of PSI and underscores its strategy to grow through selective acquisitions.
Sectors
- Industrial Services
- Energy
- Manufacturing and Construction
Geography
- United States – Both Colt Group and RJ Stacey are based in the U.S., with Colt headquartered in Houston, Texas, and RJ Stacey in Lake Orion, Michigan.
- Midwest United States – The acquisition focuses on expanding Colt's geographic footprint in the Midwest U.S., where RJ Stacey has an established customer base.
Industry
- Industrial Services – The acquisition emphasizes services related to leak repair, maintenance, and industrial solutions, which are core to both Colt Group's and RJ Stacey's operations.
- Energy – RJ Stacey serves customers in the energy sector, which is one of the key industries for both companies.
- Manufacturing and Construction – The industries served by RJ Stacey, including steel, construction, and automotive, place them within the broader manufacturing and construction sectors.
Financials
- Not disclosed – The terms of the acquisition deal between Colt Group and RJ Stacey were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| The Colt Group | Acquirer | Company | A provider of online industrial leak repair solutions headquartered in Houston, Texas. |
| RJ Stacey | Target Company | Company | A company specializing in online leak repair services based in Lake Orion, Michigan. |
| Ryan Stacey | CEO of RJ Stacey | Person | Founder and CEO of RJ Stacey who will remain with the company post-acquisition. |
| Jason Box | CEO of The Colt Group | Person | CEO of Colt Group, overseeing the strategic acquisition of RJ Stacey. |