Westlake Pipe & Fittings (NAPCO) Acquires LASCO Fittings

Conrex Group Acquires Formweld Fitting

June 26, 2026

Industrial Services

Toronto-headquartered Conrex Group of Companies has acquired Formweld Fitting, a Pensacola-based manufacturer of pipe fittings and accessories. The deal is intended to expand Conrex’s manufacturing capabilities and services across North America by adding Formweld Fitting to its existing Conrex Steel and Prescor businesses.

Valesco Industries and Hidden River Strategic Capital Recapitalize Nipples, Elbows & Couplings, Inc. (NEC)

May 5, 2026

Industrial Services

Valesco Industries completed a control recapitalization of Nipples, Elbows & Couplings, Inc. (“NEC”), a Houston-based manufacturer of PVC-coated electrical conduit and fittings used in corrosive infrastructure end markets. Hidden River Strategic Capital and GMB Capital Partners also partnered in the recapitalization, providing subordinated debt alongside a senior term loan and revolver from another investor-lender.

ISCO Industries Acquires Infinity Plastics

December 11, 2023

Manufacturing

ISCO Industries, Inc. has acquired substantially all of the assets of Infinity Plastics, a Mayville, Wisconsin manufacturer of fabricated HDPE piping products. The asset purchase expands ISCO's U.S. footprint and manufacturing capacity, adding a strategic production location to support increased customer demand across multiple piping end markets.

WJ Partners-Backed PUPCO Acquires NAPAC

October 25, 2022

Industrial Services

WJ Partners supported its portfolio company Power-Utility Products Co. (PUPCO) in the acquisition of NAPAC, a master distributor of valves, flanges and fittings serving the waterworks and fire suppression markets. The add-on expands PUPCO's product offering and geographic footprint (adding Worcester, MA and Jacksonville, FL locations), complements prior 2022 add-on MIROC, and was financed by Fifth Third Bank; NAPAC will continue operating under its existing brand with Brian Wilbur remaining general manager.

ISCO Industries Acquires Plasson USA Manufacturing Operations from Plasson Ltd.

December 31, 2021

Manufacturing

ISCO Industries, a Louisville-based total piping solutions provider, acquired the majority of the U.S. manufacturing operations of Industrial Pipe Fittings LLC d/b/a Plasson USA from parent company Plasson Ltd. The transaction, a divestiture led by GulfStar Group as advisor to Plasson, closed on December 31, 2021 and expands ISCO's HDPE fittings and fabrication capabilities across North America.

Pexco LLC Acquires Altaflo

March 1, 2021

Manufacturing

Pexco LLC, a North American specialty plastics extruder (PE-backed by AEA Investors), has acquired Altaflo, LLC, a Sparta, New Jersey-based producer of high-performance fluoropolymer and fluoroplastic tubing and pipe extrusions. The acquisition expands Pexco's fluoropolymer capabilities and product offerings and will operate as an add-on to Pexco's platform to broaden solutions for aerospace, pharmaceutical, chemical, energy and electronics customers.