American Securities Acquires Integrated Global Services, Inc.

Investment will support efforts to drive adoption and growth of the company's proprietary efficiency and reliability solutions

NEW YORK, March 6, 2025 /PRNewswire/ -- American Securities LLC, a leading U.S. private equity firm, today announced that it has closed the acquisition of Integrated Global Services, Inc. ("IGS" or the "Company") from investment affiliates of J.F. Lehman & Company, LLC. Financial terms of the transaction were not disclosed.

Founded in 1975, IGS is a leading global provider of efficiency and reliability solutions to the industrial, power generation, and energy sectors. Headquartered in Richmond, Virginia, the Company develops, manufactures, and applies a portfolio of proprietary industrial surface enhancement solutions that promote asset integrity, reliability, efficiency, and environmental sustainability. The Company operates in more than 70 countries across six continents, serving over 500 customers globally.

Rich Crawford, President and CEO at IGS, commented: "We are thrilled to partner with American Securities as we continue to build on the significant growth our team has achieved in recent years. Their industry expertise and resources make them the ideal partner, and we look forward to building on our momentum together in this next chapter."

"We admire the special business that IGS management and employees have built and share Rich's conviction in the Company's growth prospects," said Michael Sand, Managing Director at American Securities. "We look forward to partnering with IGS's talented team to accelerate adoption of their unique custom solutions."

Houlihan Lokey served as lead financial advisor to IGS, with Stifel serving as a co-advisor, and Jones Day acting as legal advisor. Harris Williams served as financial advisor, and Kirkland & Ellis acted as legal advisor to American Securities.

About American Securities
Based in New York with an office in Shanghai, American Securities is a leading U.S. private equity firm that invests in market-leading North American companies with annual revenues generally ranging from $200 million to $2 billion. American Securities and its affiliates have more than $23 billion under management. For more information, visit www.american-securities.com.

About Integrated Global Services, Inc. 
Headquartered in Virginia, Integrated Global Services, Inc. (IGS) is an international provider of on-site surface protection solutions. With over 35 years of experience helping customers solve metal wastage, reliability, and energy efficiency problems in mission-critical equipment, IGS is an industry leader in the development and application of solutions in challenging operating environments. Learn more at https://integratedglobal.com/ or follow us on LinkedIn, X, YouTube, or Facebook.

Media Contacts
Joshua Rosen
Prosek Partners
pro-americansecurities@prosek.com 

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SOURCE American Securities LLC