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Allied Reliability Group Announces Pfingsten Investment Partnership
By: Allied Relaibility Group
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.