United Pipe & Steel

BB&T Capital Markets Serves as Exclusive Financial Advisor to United Pipe & Steel Corporation in its Sale to Merfish Pipe & Supply

Transaction summary

On February 1, 2019, United Pipe & Steel Corporation (“UP&S” or the “Company”), a portfolio company of MPE Partners, was acquired by Merfish Pipe & Supply (“Merfish”) a portfolio company of One Equity Partners (“OEP”). BB&T Capital Markets served as the exclusive financial advisor to UP&S.

About the companies

United Pipe & Steel

UP&S is the largest specialty distributor of steel and plastic pipe, copper tube, and electrical conduit in the U.S., efficiently serving its regional wholesale customers with frequent, just-in-time, route-based deliveries. The Company has 12 distribution centers nationally.

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MPE Partners

MPE Partners seeks to be the preferred partner for entrepreneur- and family-owned companies. Based in Cleveland, OH and Boston, MA, MPE invests in profitable, lower middle market companies with EBITDA between $5 – $20 million. MPE has two primary target investment areas: high-value manufacturing and industrial services.

Learn moreabout MPE Partners (opens in a new tab)

Merfish Pipe & Supply

Merfish is the largest master distributor of carbon steel standard pipe, fittings, and flanges serving distributors in the United States from 5 strategically located distribution centers. Its products include carbon steel welded and seamless standard pipe, carbon steel seamless pipe fittings, and carbon steel forged flanges. The Company’s end markets include commercial, industrial, and residential construction as well as fence contractors, fire sprinkler distributors and steel fabricators.

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One Equity Partners

One Equity Partners is a middle-market private equity firm focused on the industrial, healthcare, and technology sectors in North America and Europe. The firm builds market-leading companies by identifying and executing transformative business combinations. OEP is a trusted partner with a differentiated investment process, a broad and senior team, and an established track record generating long-term value for its partners. Since 2001, the firm has completed more than 170 transactions worldwide. OEP, founded in 2001, spun out of JP Morgan in 2015. The firm has offices in New York, Chicago, and Frankfurt.

Learn moreabout One Equity Partners (opens in a new tab)

Commercial & Industrial

Our team is continuously focused on superior execution, process management, and creativity.

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