Owings Mills, MD - Platte River Equity (“Platte River”), a Denver-based private equity firm that makes control investments in leading niche industrial operating companies, including value-added distribution businesses, is excited to announce that Hose of South Texas (“HOST”) has joined its portfolio company TIPCO Technologies (“TIPCO” or the "Company"). HOST is a value-added distributor of industrial and hydraulic hoses, serving the Corpus Christi, TX area since 1978. The partnership between TIPCO and HOST will result in a total of 31 locations across 15 states. This strategic move will expand TIPCO’s presence in the dynamic Texas markets, further establishing the Company’s presence in the region.
“Hose of South Texas is thrilled to be joining the TIPCO team. The model and vision of TIPCO is what fueled our excitement. What TIPCO is creating is different from anything else in the current landscape of distribution,” stated Tripp Batey, President of HOST. “Our philosophy extends beyond simply selling hose; we prioritize finding solutions for our customers. This partnership with TIPCO aligns perfectly with our goal. Driven by our dedication to customer satisfaction, we are eager to broaden our product range and pioneer new methods to meet their needs.”
Rob Lyons, TIPCO’s CEO of Commercial Business, said, “The partnership between TIPCO and HOST centers around our shared desire to create opportunities for our people and foster strong partnerships. As we envision our future together, we prioritize ways to support growth and cultivate distinctive careers for our talented team.”
"Platte River welcomes the HOST team to TIPCO. We are excited about the opportunities ahead and committed to building on HOST’s legacy serving its diverse customer base,” said Mike Reilly, Principal of Platte River.
About HOST
Founded in 1978 and based in Corpus Christi, TX, HOST is a value-added distributor of industrial and hydraulic hoses serving infrastructure, manufacturing, petrochemical, transportation, and other industrial end markets. For over four decades, HOST has proudly served South Texas and beyond.
