Allied Reliability Group Announces Pfingsten Investment Partnership
Charleston, SC: Allied Reliability Group (ARG) is pleased to announce a new partnership between ARG and Pfingsten Partners, L.L.C. Pfingsten is a long-established private equity group with decades of experience building services companies like ARG. Their resources will accelerate our growth and innovation while building the operational excellence needed to manage growth without sacrificing outstanding service to our clients.
Since its founding in 1997, Allied has become the leading independent provider of reliability and maintenance services, offering a full suite of solutions for clients across their facilities, including condition based monitoring, reliability and operational consulting, training, staffing, and integrated software solutions.
“Allied has a unique value proposition and is well positioned in the growing condition based monitoring and asset reliability market,” said John Underwood, Senior Managing Director at Pfingsten. “The Allied management team built a great business and we are excited to partner with them to assist with further growth.”
“The future is bright for Allied,” said Allied Partner and Co-Founder, John Schultz. “With Pfingsten’s operational expertise, global capabilities, and financial support, we will have the resources to embark on our next stage of growth by investing in a broader service offering and expanding our reach internationally.”
The transaction was completed on August 30, 2013 and allowed the founding shareholders to retain a significant ownership stake in the company.