American Industrial Machine acquisition finalized
03 January 2024
Repair, maintenance company now owned by BP Energy Partners
Private equity firm BP Energy Partners has closed on its acquisition of American Industrial Machine (AIM) as the company continues to focus on companies providing turn-key solutions to the natural gas value chain.
AIM, which was founded by Walt Tonge and John Hutson in 2010, is a leading regional provider of mission-critical repair and maintenance services for natural gas compressors operating in West Texas and New Mexico. The company specializes in repair, fabrication and critical parts supply for compressor infrastructure used in the transportation of natural gas. The company exclusively focuses on aftermarket-based repair and maintenance service opportunities of regularly consumed parts as a result of continuous and remote operations. In addition to repair and maintenance, the company also manufactures and sells replacement components and parts offering its customers complete turnaround solutions that reduce costly downtime and optimize equipment performance. The company has two full-service facilities in Odessa, Texas.
“AIM’s strong culture of service, deep customer relationships and history of growth support its unwavering value proposition and focus on the compressor irrespective of its source of power,” said Michael Watzky, managing partner of BP Energy Partners. “We look forward to partnering with the company and supporting its next phase of growth.”