Federal Steel Supply Acquires Process Piping Materials

Westbridge Capital Ltd. Acquires Federal Steel Supply (and Process Piping Materials)

April 25, 2023

Industrial Services

Westbridge Capital Ltd., a Canada-based private management company, has acquired Federal Steel Supply, LLC and its subsidiary Process Piping Materials from V&A Capital. The transaction creates a new platform in industrial piping distribution, combining multiple regional facilities and supporting continued organic and inorganic growth across industrial end markets.

V&A Capital Acquires Federal Steel Supply

August 15, 2019

Industrial Services

V&A Capital has acquired Federal Steel Supply (FSS) from its founders in a majority buyout. V&A intends to support FSS’s growth by expanding its geographic footprint, broadening product offerings, entering new end-markets and pursuing complementary add-on acquisitions.

Federal Steel Supply Acquires Venture Pipe & Supply

October 31, 2024

Industrial Services

Westbridge Capital-backed Federal Steel Supply (FSS) has acquired Venture Pipe and Supply, Inc., a six-location oilfield supply operator serving Oklahoma, New Mexico and Ohio. The transaction is an add-on to FSS aimed at expanding its geographic footprint and customer base; Venture's founder Ernie Brooks is preparing to retire and Jeret Higgs will lead the business post-close.

Ferguson Enterprises Acquires Independent Pipe & Supply and National Fire (Equipment & Fabrication)

April 16, 2025

Building Products

Ferguson Enterprises has closed two bolt-on acquisitions: Independent Pipe & Supply Corp., a PVF and commercial plumbing distributor based in Canton, Massachusetts, and National Fire Equipment Ltd. and National Fire Fabrication Ltd., a Toronto-based fire protection products and fabrication business. The deals expand Ferguson's commercial plumbing and mechanical footprint in New England and strengthen its Fire & Fabrication capabilities and presence in Canada.

Hillenbrand Acquires Schenck Process Food and Performance Materials (FPM)

June 20, 2023

Industrial Services

Hillenbrand, Inc. agreed to acquire the Schenck Process Food and Performance Materials (FPM) business from Blackstone for an enterprise value of approximately $730 million. Headquartered in Kansas City, Missouri, FPM has over 1,300 employees and is expected to generate about $540 million of 2023 revenue and $68 million of EBITDA; the deal is expected to close in Hillenbrand's fiscal fourth quarter of 2023 subject to regulatory approvals.

Platform Partners Acquires Progressive Pipeline Management (PPM)

November 21, 2024

Infrastructure

Platform Partners, LLC has acquired Progressive Pipeline Management (PPM), a trenchless pipeline rehabilitation contractor that specializes in cured-in-place lining for natural gas distribution pipelines. Commonwealth M&A served as exclusive sell-side advisor and the deal provides PPM with financial and strategic backing to support growth and innovation.