TGP Investments II, LLC has acquired Air Power Systems Co., LLC, aligning with its strategy to support the growth of promising manufacturing companies.

Target Overview

TGP Investments II, LLC, the management entity for the private equity fund TGP Capital Partners II, LLC, has successfully acquired Air Power Systems Co., LLC (Apsco). Headquartered in Tulsa, Oklahoma, Apsco specializes in the design, manufacturing, and sale of pneumatic and hydraulic valves, cylinders, actuators, and control systems, primarily catering to the heavy-duty truck equipment sector. The company’s products are integral to various industries, including construction, oil and gas, waste management and recycling, fluid power, utilities, as well as snow and ice removal operations.

Apsco's commitment to quality engineering and exceptional customer service has enabled it to capture significant market share in its current segments. The company is well-positioned for future growth by exploring new product line extensions and venturing into additional markets.

Industry Overview

The heavy-duty truck equipment market in the United States is characterized by a robust demand for reliable components such as those provided by Apsco. The ongoing increase in co