SPS Companies Acquires ESP Specialty Steel Products from Lone Star Investment Advisors

SPS Companies Acquires US Wholesale Pipe & Tube

December 1, 2020

Building Products

SPS Companies Inc. has acquired the assets of US Wholesale Pipe & Tube Inc., a Holiday, Florida-based distributor and manufacturer of galvanized mechanical steel pipe and tube products. The seller/owner Ed Rachel is stepping aside while the target's executive management (led by JR Baker and Rob Posavec) will remain; SPS said the deal expands its Tubular Products Group and distribution/manufacturing capabilities across five U.S. locations.

Tonka Bay Equity Partners Sells Engineered Specialty Products (ESP)

January 4, 2023

Manufacturing

Tonka Bay Equity Partners announced the sale of Engineered Specialty Products (ESP), a Kennesaw, Georgia-based provider of pressure and temperature instrumentation. During Tonka Bay’s ownership ESP expanded engineering capabilities, launched proprietary product lines, grew exclusive supplier agreements and completed an add-on acquisition; the buyer was not disclosed in the announcement.

Specialty Program Group Acquires the Assets of ESP Insurance Brokerage

July 11, 2022

Insurance

Specialty Program Group LLC (SPG), a holding company for specialty insurance brokerages and underwriting facilities, acquired the assets of ESP Insurance Brokerage LLC, a Worcester-based program administrator focused on sports, events and entertainment insurance. The deal adds niche products, in-house underwriting/binding authority and technology capabilities to SPG's portfolio and is intended to scale ESP's product offerings and service team as part of SPG's specialty insurance platform.

Lone Star Funds Affiliate Acquires SPX FLOW, Inc.

April 5, 2022

Manufacturing

An affiliate of Lone Star Funds completed the acquisition of SPX FLOW, Inc., taking the company private and ending its NYSE trading. Lone Star said it will work with SPX FLOW management to accelerate strategic plans and drive profitable growth for the process-equipment manufacturer, which reported roughly $1.5 billion in 2021 revenue.

Commercial Steel Products LLC Acquires Ace Steel Supply Inc.

May 31, 2022

Industrial Services

Commercial Steel Products LLC (CSP), a Dallas-based value-added steel supplier, has acquired Houston-based Ace Steel Supply Inc. in a stock purchase agreement. The deal, supported by family office Gupta Capital Group, is intended to expand product diversification, strengthen capabilities, and capture synergies to better serve customers across North America.

Integrated Utility Services Acquires Assets of Stuart Steel Protection Corporation

January 9, 2023

Manufacturing

Houston-based Integrated Utility Services (IUS) acquired the assets of New Jersey-based Stuart Steel Protection Corporation (SSPC) and will operate them under the newly formed Stuart Steel Protection, LLC. The asset purchase adds domestic manufacturing, packaging, and distribution capabilities for corrosion control products (e.g., magnesium anodes) to IUS's energy-focused MRO and project services offering.