New York-based Shale-Inland Holdings, LLC, a holding company majority-owned and controlled by funds of TowerBrook Capital Partners L.P., announced Monday definitive agreements that it acquire Shale-Inland as well as HD Supply's IPVF business. Shale-Inland combines stainless, aluminum, carbon steel and protective film distribution with stamping and fabrication and HD Supply is one of the largest industrial distribution companies in North America. Both transactions are expected to close by the end of March.
On transaction close, Shale-Inland is expected to be combined with IPVF. The potential combination of the assets and people of IPVF with Shale-Inland would create an industrial company serving over 6,000 customers on 4 continents. The Stephens Group, LLC, Shale-Inland's existing sponsor, will be a co-investor in the new entity, Shale-Inland Holdings, LLC.