SPS Companies Acquires US Wholesale Pipe & Tube
December 1, 2020
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.
- Buyers
- SPS Companies Inc.
- Targets
- US Wholesale Pipe & Tube Inc.
- Sellers
- Ed Rachel, US Wholesale Pipe & Tube Inc.
- Industry
- Building Products
- Location
- Florida, United States
- Transaction Type
- Buyout
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