By Mitra Nourbakhsh, Pittsburgh Business Times
Pittsburgh-based infrastructure product provider Jennmar Holdings LLC announced today it has acquired G&R Gas Services, a Virginia-based company that provides maintenance services to the oil and gas industry.
Jennmar, headquartered in O’Hara Township, will gain G&R’s existing customer agreements along with about 100 employees and 100 service vehicles, according to a release. The financial terms of the deal were not disclosed
“We are thrilled to join Jennmar’s global family of companies,” said Greg Bostic, president of G&R Gas Services. “We take pride in all we do and are confident we have found the best possible partner to lead our next chapter of growth with the same trust and care upon which we were built.”
Jennmar, which was first founded in 1922, has over 4,000 employees in 80 global locations and a liquidity position of more than $500 million. It is a portfolio company of FalconPoint Partners, a private equity firm that invests in middle-market companies. FalconPoint invested upwards of $250 million in Jennmar last month — its inaugural investment. Jennmar announced an acquisition in Australia of AWS, a manufacturer of wire and mesh products with which it had a long standing supply relationship, earlier this year.
Executives said the company’s latest acquisition will broaden its regional footprint.
“This acquisition is an important step in Jenmar’s expansion of service offerings to the oil and gas industry,” Jennmar CEO Tony Calandra said. “We welcome G&R to our portfolio of companies and look forward to serving a growing customer base in Virginia and across the country.”
Mitra Nourbakhsh is a student at Northwestern University and one of 10 Pittsburgh Media Partnership summer interns. Mitra is interning with the Pittsburgh Business Times.

