Mat Tech, a Houston-area industrial services provider backed by Allied Industrial Partners, has acquired Hook Set Transportation. The deal marks Mat Tech's first acquisition since partnering with Allied in 2023. Hook Set Transportation is also based in Texas and specializes in industrial hauling.

Financial terms of the transaction were not disclosed. Mat Tech offers waste management, hauling, and other industrial services. The acquisition is expected to expand Mat Tech's service capabilities and geographic reach within the industrial sector.

This move signals continued consolidation in the industrial services market, driven by private equity backing. For investors, it suggests an appetite for acquiring complementary businesses to build scale and market share in niche industrial segments. Businesses like Mat Tech are actively seeking bolt-on acquisitions to enhance their offerings.