Owings Mills, MD – Platte River Equity (“Platte River”), a Denver-based private equity firm that makes control investments in niche industrial companies, including value-added distribution businesses, is excited to announce that its portfolio company TIPCO Technologies (“TIPCO”) has acquired two new businesses, Alliance Hose & Rubber Co. (“Alliance”) and Hoses2U. These strategic partnerships will expand TIPCO’s footprint to 35 locations across 17 states, enhance its technical expertise and mobile service capabilities and further strengthen TIPCO’s position as a premier fluid conveyance solutions provider. TIPCO has now completed four add-on acquisitions since partnering with Platte River in December 2023.
“We are thrilled to join the TIPCO family. TIPCO’s culture and vision are centered on building true partnerships with suppliers, customers and employees – relationships that form the foundation for delivering innovative solutions and exceptional customer service,” stated Alliance’s Dave Heckler. “We’re excited to partner with the entire TIPCO team to expand our offerings, strengthen relationships and drive mutual success.”
“Partnering with TIPCO gives our team the resources and support needed to expand into new markets,” said Hoses2U Founder John Abercrombie. “TIPCO understands our business and shares our commitment to providing a high-level of service and support to our customers and our team.”
Rob Lyons, Co-CEO of TIPCO, added, “Having worked with Dave Heckler in various industry associations over the last 25 years, it’s especially exciting to partner with the team at Alliance. Alliance has been one of the industrial hose leaders in the Chicago market for many years, and we can’t wait to unite our people, partnerships and innovation.” Brad Marshall, Co-CEO of TIPCO, noted of Hoses2U, “John has developed an exceptional team and a leading mobile service operation. We are excited to partner with Hoses2U to further enhance our onsite service offerings across the U.S.”
“The acquisitions of Hoses2U and Alliance mark a significant step in expanding our service offering and enhancing our operational reach,” said Mike Reilly, Principal of Platte River. “Both companies bring complementary strengths and a shared commitment to excellence, positioning TIPCO to deliver even greater value to its customers.”
