"PSE is a highly compelling investment opportunity with an outstanding business model that delivers recurring revenue as well as superior value to both vendor partners and customers," said Jason Cowett, a Managing Principal at Odyssey. "The Company's supply chain expertise across diverse industries, commitment to customer service, and successful M&A strategy have enabled significant scale and market share gains. PSE is well positioned for accelerated growth through geographic and category expansion as well as continued consolidation of fragmented markets. We are excited to support CEO Patrick Mayette and the existing leadership team, who will continue to lead the Company through its next phase of growth."

"Jason and the Odyssey team are the ideal partners for us to fuel our long-term strategic growth plans," said President and CEO Patrick Mayette. "We have built the industry-leading PSE brand over many decades through our unwavering commitment to being the premier distributor of high-quality auto refinish and industrial coatings. More recently, we have been executing a highly focused plan to strengthen our competitive advantages and build out our national platform. Today we are armed with the right resources and infrastructure to take advantage of the attractive organic and inorganic opportunities in front of us, and we welcome this new collaboration to help move us forward."

Founded in 1952 and headquartered in Taylor, Michigan, PSE has grown to 50 branch locations and three distribution centers across Michigan, Georgia, Illinois, Indiana, Maryland, Missouri, Ohio, Pennsylvania and Virginia. For more information, visit www.painterssupply.com.

Odyssey Investment Partners, with offices in New York and Los Angeles, is a private equity investment firm with more than a 25-year history of partnering with skilled managers to transform middle-market companies into more efficient and diversified businesses with strong growth profiles. For further information about Odyssey, visit www.odysseyinvestment.com.