FOR IMMEDIATE RELEASE

Painters Supply & Equipment Co. Celebrates Milestone Year with the Acquisition of Interbay Coatings, Inc.

DETROIT, MI – December 18, 2023 - Painters Supply & Equipment Co. (PSE) is pleased to announce the acquisition of Interbay Coatings, Inc. (Interbay). Interbay is a leading specialty coatings distributor offering a diverse range of products catering to the repair, maintenance, and new construction requirements of the Heavy Marine and Industrial coatings markets. Established in 1986, Interbay is headquartered in Tampa, Florida.

Patrick Mayette, President & CEO of PSE, expressed his enthusiasm, stating, "We’re excited to welcome the Interbay team to the PSE family. Interbay is a high-performing distributor with a solid reputation for delivering industry-leading products and value-added services across various specialty coatings end-markets. Their highly talented and customer focused team will receive additional tools and resources from PSE to ensure their long- term success.”

This strategic acquisition marks the culmination of the most active year on record for PSE in terms of mergers and acquisitions. Including Interbay, the company forged partnerships with eight distributors specializing in automotive refinish and specialty coatings products and services. Mayette emphasized the significance of this growth, noting, "The addition of Interbay, along with seven other partnerships formed in 2023, reinforces our commitment to expand and diversify our specialty coatings and auto refinish segments. We will remain very active in expanding both organically and inorganically as we move into the new year."

Founded in 1952 and headquartered in Taylor, Michigan, PSE has grown to 72 branch locations and three distribution centers across Michigan, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Maryland, Missouri, North Carolina, Ohio, Pennsylvania, Tennessee, and Virginia. PSE serves over 9,000 customers, including collision repair shops, auto dealerships, fleet operators, and a variety of commercial, industrial, aerospace, and marine businesses.

For additional information about Painters Supply & Equipment Co., please visit www.painterssupply.com.