M&A Deal Summary

Reliance Acquires Merfish Pipe & Supply

On August 4, 2021, Reliance acquired distribution company Merfish Pipe & Supply from One Equity Partners

Acquisition Highlights
  • This is Reliance’s 7th transaction in the Distribution sector.
  • This is Reliance’s 19th transaction in the United States.
  • This is Reliance’s 1st transaction in Massachusetts.

M&A Deal Summary

Date 2021-08-04
Target Merfish Pipe & Supply
Sector Distribution
Buyer(s) Reliance
Sellers(s) One Equity Partners
Deal Type Add-on Acquisition

Target

Merfish Pipe & Supply

Ipswich, Massachusetts, United States
Merfish Pipe & Supply 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. Merfish Pipe & Supply is based in Ipswich, Massachusetts.

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Buyer(S) 1

Buyer

Reliance

Scottsdale, Arizona, United States

Category Company
Founded 1939
Sector Metals/Mining
Employees15,000
Revenue 14.8B USD (2023)
DESCRIPTION

Reliance is a large metals service center company. Reliance's network of metals service centers operates more than 300 locations across the US and internationally. Through this network, Reliance provides metals processing services and distribute a full line of more than 100,000 metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium and specialty steel products. Reliance was founded in 1939 and is based in Scottsdale, Arizona.


DEAL STATS #
Overall 21 of 25
Sector (Distribution) 7 of 7
Type (Add-on Acquisition) 20 of 23
State (Massachusetts) 1 of 1
Country (United States) 19 of 23
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-01 KMS Companies

Luzerne, Pennsylvania, United States

The KMS Companies specialize in precision sheet metal fabrication ranging from prototypes to large production runs utilizing a wide variety of metals and fabrication methods including laser cutting, stamping, turret punching, machining, powder coating and welding.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-02 Cooksey

Tifton, Georgia, United States

Cooksey is a metals service center that processes and distributes finished steel products, including tubing, beams, plates, and bars. It operates three locations, servicing a diverse range of customers including trailer manufacturers, metal building fabricators, agricultural equipment manufacturers, structural fabricators, machine shops, and others in Georgia, Florida, Alabama, and South Carolina. Cooksey was formed in 1917 and is based in Tifton, Georgia.

Buy -

Seller(S) 1

SELLER

One Equity Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

One Equity Partners (OEP) is a private equity firm that targets buyout and growth capital investments in North America, Europe, and Asia. OEP prefers to be the lead investor and typically commits $30 to $300 million per transaction. Sectors of interest include industrial products/services, consumer, retail, chemicals, media, communications, and healthcare. One Equity Partners was formed in 2001 and spun out of JP Morgan Chase in 2015. One Equity Partners is based in New York City.


DEAL STATS #
Overall 52 of 63
Sector (Distribution) 3 of 4
Type (Add-on Acquisition) 32 of 36
State (Massachusetts) 1 of 1
Country (United States) 35 of 42
Year (2021) 8 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-19 Cicor

Bronschhofen, Switzerland

Cicor engages in the development and manufacture of electronic components and systems worldwide. The company operates in two divisions, AMS and ES. Cicor was founded in 1966 and is headquartered in Bronschhofen, Switzerland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-04 ResultsCX

Fort Lauderdale, Florida, United States

ResultsCX provides automation-enabled customer support, acquisition, enrollment, retention, membership assistance, technical support, and transaction processing services to companies across the healthcare, telecom and cable, media, and retail industries. ResultsCX was founded in 1990 and is based in Fort Lauderdale, Florida.

Sell -