One Equity Partners has agreed to sell Merfish United to Reliance Steel & Aluminum. No financial terms were disclosed. Headquartered in Ipswich, Massachusetts, Merfish United is a provider of carbon steel pipes, copper tubing, plastic pipe, electrical conduit and related products.
One Equity Partners (“OEP”), a middle market private equity firm, today announced that it has entered a definitive agreement to sell Merfish United (the “Company”), a leading master distributor of tubular building products in the United States, to Reliance Steel & Aluminum Co. (NYSE:RS), a diversified metal solutions provider and the largest metals service center operator in North America.
Headquartered in Ipswich, Mass., Merfish United is a master distributor of carbon steel pipes, copper tubing, plastic pipe, electrical conduit and related products that are distributed to its independent wholesale distributor customers across a variety of end markets. OEP partnered with the founders of Merfish Pipe Holdings (“Merfish”) in December 2012 to create a platform for consolidating the sizeable and fragmented pipe and tube master distribution industry.
As a result of OEP’s transformational acquisition strategy, Merfish United is now one of the largest master distributors of steel pipe and tube products in the United States and is well-positioned to benefit from the secular tailwinds driving demand across the steel, plastic, copper and electrical pipe and tube product segments.
“We believe Merfish United is well-positioned for continued success as a critical supply chain partner for its customers. The Company’s breadth of product, regularly scheduled delivery routes on more than 65 trucks from twelve distribution centers, and ability to serve the market quickly make Merfish United a unique and attractive supplier,” said Matt Hughes, Managing Director, OEP.