ShoreView has made an investment in Victoria, Texas-based Victory Air and Equipment LLC, a distributor of abrasives, paint, blasting equipment and accessories. No financial terms were disclosed.
The Partners of ShoreView are pleased to announce an investment in Victory Air and Equipment, LLC (“Victory”).
Victory is a distributor of abrasives, paint, blasting equipment and accessories, and replacement parts used in surface preparation and industrial painting. Victory serves end markets including petrochemicals, oil & gas exploration and production, industrial/manufacturing, and marine maintenance and shipbuilding. Victory is headquartered in Victoria, Texas and looks to grow through geographic expansion.
ShoreView partnered with the owners to recapitalize the business as well as provide additional capital for growth. For more information on Victory visit its website at victory-air.net.
Founded in 2002, ShoreView is a Minneapolis-based private equity firm that has raised over $1.3 billion of committed capital across four funds. ShoreView partners with family or entrepreneurial-owned companies across many sectors, including engineered products, distribution, industrial services, business services, healthcare, and niche consumer products. Shoreview structures a variety of acquisition, recapitalization and build-up transactions, typically in businesses with revenues ranging between $20 million and $300 million.