AXIS Industrial Holdings, Inc., the holding company of AXIS Industrial Services, LLC ("AXIS"), acquired San Antonio-based Travis Industries, LLC ("Travis") to further expand its specialized coating capabilities.
With roots dating back to 1886, Travis Industries is a family-owned provider of specialty services to industrial customers throughout the U.S. Southwest region.
With locations in San Antonio, Dallas/Ft. Worth and Midland, Texas, Travis specializes in painting & protective coating services for a diverse set of midstream, power generation, manufacturing, and industrial customers.
Value Creation Opportunity
- With minimal customer, end market, and geographic overlap, Travis' combination with the existing AXIS organization will provide customers a full suite of critical services to support routine maintenance, turnarounds, and new-build projects.
- The business combination offers numerous revenue (cross-sell) and cost (location, equipment, personnel, etc.) synergies.
- Accelerate expansion throughout denser coastal markets, leveraging AXIS' existing revenue & operational footprint to gain additional petrochemical, manufacturing, refinery, and midstream clients.