Owings Mills, MD – Platte River Equity (“Platte River”) is pleased to announce that its portfolio company TIPCO Technologies (“TIPCO”) has acquired DW Industries (“DW”). Founded in 1979 and based in Houston, TX, DW is a provider of a complete line of industrial and hydraulic hoses and hose assemblies to the petrochemical, oilfield, military defense, agriculture, marine and HVAC industries. The acquisition enhances TIPCO’s existing capabilities and expands its reach in the Houston market. TIPCO’s footprint now spans 42 locations across 17 states.
“TIPCO Technologies is excited to announce the partnership with Richard Weaver and the exceptional team at DW Industries in the vibrant Houston market,” said Rob Lyons, TIPCO Co-CEO. “Together, we look forward to building on DW’s world-class fabrication capabilities, supported by industry-leading certifications and a commitment to excellence in quality control.”
Richard Weaver, founder of DW, commented, “I truly believe that the partnership between DW and TIPCO marks the beginning of an extraordinary chapter for both organizations. By bringing together the experience, expertise and relationships of DW with the innovation, scale and strategic vision of TIPCO, we are uniquely positioned to create a powerful force in the manufacturing and distribution space. This combination is more than just a business decision – it’s a meaningful alignment of values, culture and commitment to excellence. I’m confident that together, we will not only enhance our capabilities but also make a lasting, positive impact on the marketplace, our customers and the communities we serve.”
Platte River Principal Mike Reilly added, “This partnership meaningfully enhances TIPCO’s capabilities and expands its geographic presence, particularly in the important Houston market.”
