Portfolio company Pipp Mobile Storage Systems, Inc. acquired Denstor Mobile Storage Systems, Inc. of Farmington Hills, Michigan. Like Pipp, Denstor offers a range of mobile storage products (such as those pictured above) that help companies free up floor space while improving the organization and storage of everything from files to food items to stockroom merchandise to tools. Denstor sells its products nationwide to customers in industrial, healthcare, foodservice and retail industry segments through a network of authorized dealers that install the systems.

For Pipp , the acquisition solidifies its position as the nation's top provider of mobile shelving and storage systems to leading retailers ranging from the largest mass merchants to mall-based concepts. The combination of Pipp and Denstor also gives the company a much stronger presence in the office and filing segment for high-density file storage. Finally, Dentor's presence in the foodservice and healthcare sectors provides and opportunity for Pipp to broaden its reach into new markets.

Pipp will continue to actively seek additional acquisitions of U.S.-based niche storage solutions providers.