PSC Group recently acquired Delta Petroleum Company from industrial packaging specialist Grief, Inc.
Operating since 1946, Delta provides outsourced specialty chemical filling, warehousing and shipping services, the companies reported. Delta’s operations are strategically located near major ports and the chemical manufacturing markets in Houston, Baton Rouge, and Cincinnati.
PSC, a provider of logistics and repair services to petrochemical companies, is a portfolio company of middle-market private equity firm TJC.
The Houston-based company was founded in 1952 and boasts more than 5,000 employees.
“We see PSC and Delta as being optimal partners for synergistic growth,” PSC CEO Joel Dickerson said in a news release. “Our companies are aligned in culture, and we are well positioned to maintain service excellence, elevate growth, and scale for Delta, and expand services to meet the needs of our shared customer set.
“We are excited to welcome Delta and all its employees into the PSC family.”
TJC and Aurora Capital Partners recapitalized PSC Group in April. The group purchased Thermoplastics Services, a compounding and pelletizing business in 2022; and Steel Line Rail Services assets in 2023 in a move that expanded mobile railcar repair, inspection, and valve repair services.
Delta is PSC’s eighth acquisition since partnering with TJC.
“The trajectory PSC has taken in recent years and its expansion into highly relevant subsectors of the petrochemical industry positions our partnership to be a success not only for our combined entity, but also for the clients that depend on our services and sustainability initiatives,” said Frank Ingrassia, Delta general manager. “Our combined track records, customer bases, and our opportunity to collectively address a broader market makes us differentiated and distinct among our peers.”