PE-backed Axios Industrial Group buys Sky Industrial Services

Axios Industrial Group LLC, which is backed by White Deer Energy, has acquired Augusta, Georgia-based Sky Industrial Services, a scaffolding and insulation company. No financial terms were disclosed. Nemphos Braue LLC advised Axios on the deal.

Correction: An earlier report of this news item misspelled Nemphos Braue. It has since been corrected. 

PRESS RELEASE

Baltimore, November 2, 2017 — Nemphos Braue LLC, the Mid-Atlantic region’s premier corporate boutique law firm, is pleased to announce its client AXIOS Industrial Group, LLC has acquired Sky Industrial Services, a scaffolding and insulation company based Augusta, Georgia.

AXIOS, based in The Woodlands, Texas, was founded to provide industrial services such as scaffolding, insulation, fireproofing, painting and more to the energy sector. AXIOS is backed by White Deer Energy, a private equity firm that targets investments in oil and gas exploration and production, oilfield service and equipment manufacturing, and the midstream sectors of the energy business.

“We are actively growing and focused on partnering with companies that have a proven track record of providing the highest quality of services along with an exceptional safety record,” said Peter P. Vrettakos, founder and CEO at AXIOS Industrial Group. “When we decided we wanted to move forward on acquiring new entities, we called upon our trusted advisors at Nemphos Braue to guide us through the process.”

Sky Industrial Services is the first of a series of upcoming acquisitions for AXIOS. The deal was finalized on October 5, 2017 and the purchase price remains undisclosed.

“We, as well as our client, are very pleased with the successful outcome of this deal. We are very proud of our work during this complex process and look forward to partnering with AXIOS on future acquisitions,” said George Nemphos, founding partner with Nemphos Braue.

About Nemphos Braue LLC
Nemphos Braue LLC is the premier corporate boutique law firm in the Mid-Atlantic region. The firm’s primary focus is on business and corporate affairs. The firm is known for its superior handling of complex corporate transactions in mergers and acquisitions, venture capital and private equity. More information about Nemphos Braue LLC is available at www.nemphosbraue.com.
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