.jpg)
1 hour ago
3
Article content
HOUSTON — SCF Partners (“SCF”) is excited to announce its acquisition of American Piping Products (“APP” or “the Company”), a leading value-added distributor of mission-critical tubular products serving the diversified industrial, refining & chemical, power generation, data center, energy and LNG markets.
THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
SUBSCRIBE TO UNLOCK MORE ARTICLES
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
REGISTER / SIGN IN TO UNLOCK MORE ARTICLES
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account.
- Share your thoughts and join the conversation in the comments.
- Enjoy additional articles per month.
- Get email updates from your favourite authors.
THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account
- Share your thoughts and join the conversation in the comments
- Enjoy additional articles per month
- Get email updates from your favourite authors
Sign In or Create an Account
or
Article content
Founded in 1994, APP has a 32-year track record as a trusted connector between mill suppliers and a broad, diversified base of more than 1,800 customers across the United States and around the world. The Company’s deep, decades-long mill relationships, value-added distribution capabilities, and reputation for reliability have made it a critical supply partner across a wide range of end markets.
Article content
Article content
Article content
SCF’s partnership with APP will accelerate the Company’s next phase of growth through geographic expansion, continued investment in its commercial and operational capabilities, and the capital needed to further support the needs of both existing and new customers and strategic suppliers.
Article content
By signing up you consent to receive the above newsletter from Postmedia Network Inc.
Article content
Mike Hubbell, CEO of American Piping Products, commented, “APP has built its business by consistently delivering for our customers and developing strong, long-standing relationships with our suppliers. As we look ahead, we see significant opportunities to expand our reach and capabilities while maintaining the service and reliability that have defined APP for more than 30 years. SCF’s deep understanding of our markets, industry relationships, and experience supporting growth make them an ideal partner as we enter this next stage of growth.”
Article content
“APP is an exceptional business with a differentiated position in the supply chain and long track record of delivering for its customers,” said Deviyani Misra-Godwin, Managing Director at SCF Partners. “Its core energy and industrial markets align closely with sectors where SCF has deep experience and relationships, while its growing presence in power generation and data center infrastructure provides compelling opportunities for future growth. We look forward to partnering with Mike and the exceptional team at APP to build on the Company’s success and support its continued expansion.”
Article content
About American Piping Products
Article content
American Piping Products is one of America’s largest suppliers of seamless and welded steel pipe, mechanical tubing, fittings, and flanges. Founded in 1994, the Company operates a network of warehouses and sales offices across the United States. For more information, please visit https://www.amerpipe.com/.
Article content
About SCF Partners
Article content
Founded in 1989, SCF provides equity capital and strategic growth assistance to build and grow leading energy, power, and industrial service, equipment, and technology companies that operate throughout the world. SCF has invested in more than 80 platform companies, made more than 400 additional acquisitions, and developed 18 publicly listed energy service and equipment companies over its history. For more information, please visit www.scfpartners.com.
Article content
Article content
Article content
Article content
View source version on businesswire.com:
Article content
Article content
Article content
Contacts
Article content
English (US)