FOR IMMEDIATE RELEASE
February 1, 2019
UNITED PIPE & STEEL AND MERFISH PIPE & SUPPLY TO COMBINE TO CREATE THE LARGEST MASTER STANDARD PIPING PRODUCTS DISTRIBUTOR IN THE USA
Houston, TX & Ipswich, MA– United Pipe & Steel (“UPS”) and Merfish Pipe & Supply Co. (“MPS”) announced today that they are combining under Merfish Pipe Holdings (“MPH”), an entity that is majority owned by One Equity Partners (“OEP”).
MPS is a master distributor of carbon steel welded and seamless pipe as well as carbon steel fittings and flanges serving distributors across the United States through their 5 locations in Houston, New Jersey, Florida, S. California and N. California.
UPS is a master distributor of carbon steel standard pipe, copper tube, PVC pipe, electrical conduit and related products. UPS distributes this diverse set of products from 12 locations strategically located throughout the United States in Ipswich, MA; Easton, PA; Elyria, OH; Franklin, IN; Loves Park, IL; Burlington, NC; Corsicana, TX; Topeka, KS; Birmingham, AL; Apopka, FL; Rialto, CA and Stockton, CA.
UPS CEO Greg Leidner will assume the role of CEO of MPH. Current MPH CEO Gerald Merfish has been named as the Chairman of MPH. Mr. Merfish remains an investor in MPH and Mr. Leidner has also invested in MPH with OEP.
Gerald Merfish commented “Our new partnership with UPS is synergistic and will create the largest master distributor of standard pipe products in the United States.”
Greg Leidner added “We are pleased to join with MPS. Together we will continue to develop ways to enhance the supply chain for our suppliers and customers, while providing employees with meaningful and rewarding opportunities to develop professionally. This is a new and exciting chapter for MPS/UPS, our employees, our customers and our vendors.”
Mr Leidner continued by saying that customers of both UPS and MPS Pipe will continue to receive uninterrupted, industry-best service including:
- Over 270 weekly dedicated regular milk-run deliveries on our 65 vehicle fleet of trucks, the most of any master distributor in the USA
- Access to a unique assortment of products which when combined allows a customer to easily achieve full freight allowed minimum weight requirements
- Scheduled deliveries to jobsites or supply houses to wherever the distributor desires from our combined 17 distribution centers strategically located throughout the USA
- Offering a deep and wide range of pipe products, including domestic and imported carbon steel pipe, plastic pipe, copper tube, electrical conduit and related products so wholesale distributors can buy what they need, when they need it
Customers can get more information by calling their sales representative at each respective company or at unitedpipe.com/FAQ and merfish.com/FAQ
About United Pipe & Steel Corp.: United Pipe (UPS), founded in 1980 and headquartered in Ipswich, MA, is a master distributor of carbon steel standard pipe, plastic pipe, copper tube, and electrical conduit. UPS services distributors across a broad array of industries (including Plumbing and Heating, PVF, Waterworks, Electrical, HVAC, Pool Supply) from its network of 12 distribution centers across the United States. For more information, please visit www.UnitedPipe.com
About Merfish Pipe & Supply: MPS, founded in 1920 and headquartered in Houston, TX, is a master distributor of carbon steel standard pipe, weld fittings and flanges. MPS operates 5 distribution centers across the United States serving a broad base of distributor customers. MPS has the largest inventory of carbon steel standard pipe, weld fittings and flanges in the U.S., ensuring the highest quality and best availability. The primary end markets served through their distributor customers include commercial construction, industrial construction, residential construction and steel/structural fabrication. For more information, please visit www.merfish.com
About One Equity Partners: OEP is a middle-market private equity firm focused on the industrial, healthcare, and technology sectors in North America and Europe. Partnering with management, OEP invests in transactions that initiate strategic and operational changes in businesses to create long-term value 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 180 transactions worldwide. OEP, founded in 2001, spun off of JP Morgan Chase in 2015. The firm has offices in New York, Chicago, and Frankfurt. For more information, please visit www.oneequity.com.