Houston, Texas Private Equity Firm

PAI logo
Performance Alloys provides high quality piping materials in nickel, high nickel alloy, specialty stainless steel, and titanium. In addition to its extensive in-house inventory, the company provides custom fabricated components from its Houston location and has a solid history of providing high temperature and corrosion resistant parts to the specialty chemical industry.

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Freestone Partners, LLC, announced that it has partnered with company management to acquire P.A. Inc. (“PAI”). PAI is a Houston-based specialty distributor of nickel alloy pipe, tubing, fittings and flanges. PAI sells its products worldwide to maintenance, repair and operations distributors, pipe fabricators, engineering and construction companies, and end-users in the chemical and petrochemical industries. A Freestone Partners spokesman commented, “PAI is a focused, service-oriented company with first-rate suppliers and customers and a highly-experienced, dedicated management team. We are delighted to partner with management in this investment.” Lenders providing financing for the transaction include PNC Business Credit, Capital Point Partners and Stonehenge Capital.