Phoenix Specialty, Inc.

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Atlanta, GA – June 30, 2023 – BDO Capital Advisors, LLC (BDO Capital) is pleased to announce the sale of Phoenix Specialty, Inc. (PSI or the Company) to an Employee Stock Ownership Plan. BDO Capital served as exclusive financial advisor to PSI on this transaction, which builds on the firm’s robust ESOP Advisory experience.

Founded in 1996 and headquartered in Houston, PA, PSI operates as a manufacturer’s representative, an exclusive distributor, and a technical product packager in multiple market segments of the oil & natural gas industry throughout the Marcellus Shale, Appalachian Basin, and Utica Shale regions. The Company offers valves, instrumentation, production equipment, chemical injection equipment and other related products, as well as value-add product training and maintenance services to its customers.

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BDO Capital Advises Phoenix Specialty, Inc. on the sale to a newly formed ESOP