AIP makes significant investment in waste management specialist Mat Tech

Allied Industrial Partners (AIP), an industrial-focused private equity firm, has made a significant investment in Mat Tech Industrial Services (Mat Tech), a provider of specialty rental and waste management services.

Mat Tech will continue to be led by its founder and CEO Mike Tinnin in partnership with AIP.

Terms of the transaction, which represents AIP's fifth platform investment to date, have not been disclosed.

Founded in 2008, Mat Tech is a bundled service provider of waste and environmental services and specialty rental products for premier industrial customers in the downstream and petrochemicals sector.