The JV Driver Group has purchased Total Industrial Services Inc., based in Houston. Total Industrial Services is a full-service mechanical contractor with off-site fabrication facilities and on-site services that meet the industry’s growing equipment maintenance, turnaround and project needs. Its capabilities include welding, steel fabrication, pressure vessels, heat exchangers, air cooled heat exchangers, pipe fabrication, machining, torqueing, API tank repairs, bundle extraction, rotating equipment repairs and boiler repairs. Connecting with a larger outfit will allow Total Industrial Services to continue the growth it has experienced in the past several years.

The JV Driver Group is an international industrial company headquartered in Houston and Edmonton, Alberta. Safety and employee focused, the JV Driver Group is a single-source contractor that provides maintenance, turnaround and project services for single sites up to $1 billion.

The transaction, which closed on July 31, was completed in just under four months — from the first meeting between Total Industrial Services and IVS Investment Banking to the closing of the deal. The terms of the deal were not disclosed.

Roger Gossett, president of the JV Driver Group, said, “We are very pleased to welcome Ramón Martinez and his team to the Driver family.”

Ramón Martinez, president of Total Industrial Services, said, “When two good companies meet, great things happen. The JV Driver Group is really professional; we hit it off when we first met. The team is excellent. With the JV Driver Group’s strength, along with Total Industrial Services’ history, we can offer our clients one of the best industrial groups in the business.

“I can’t emphasize enough how strong the company is and where we’re going. It’s just incredible. I couldn’t ask for a better opportunity.”

IVS Investment Banking was an adviser to Total Industrial Services during the transaction.    

“[IVS President] Thomas Brinsko always has an open mind and also has the foresight to see the needs of two different companies,” Martinez said. “To make that introduction is a special quality in and of itself.

“[IVS Managing Director] John Zapalac has knowledge of the seller’s needs — in this case the seller being myself — and how he can assist in not only helping but also protecting and looking after our best interests. That goes a long way and, together, it’s a great team IVS has there.”

IVS Investment Banking offers complete investment banking services to assist in buying, selling or growing companies in the industrial marketplace. With the ability to access an unprecedented number of industry executives, IVS Investment Banking has the knowledge and experience necessary to complete a number of investment banking services including management buyouts, and seller and buyer side transactions.  

The company works with management teams in acquiring manufacturing, distribution and service-oriented businesses in the petrochemical, refining, power generation, construction, marine, and pulp and paper industries.

For more information on the JV Driver Group, visit www.jvdriver.com or call (866) 391-5816.

For more information on Total Industrial Services, visit www.totalindsvc.com or call (281) 484-0554.

If you are interested in selling, investing in or buying companies in the energy, industrial, maritime and/or environmental services sectors, please contact Thomas Brinsko at IVS Investment Banking at (281) 538-9996 or visit www.ivsinvestmentbanking.com.