Private equity firm recapitalizes United Pipe & Steel Corp

Wednesday, 19 June 2013 01:10:49 (GMT+3)   |   San Diego
       

Morgenthaler Private Equity announced Tuesday the recent recapitalization of Ipswich, Massachusetts-based United Pipe & Steel Corp. an independent master distributor of steel, copper and plastic pipe as well as conduit used in water/wastewater, irrigation, plumbing, electrical and infrastructure construction applications.  UP&S Founder and Owner, David Cohen, will retain a substantial ownership interest.  President and CEO Greg Leidner will continue to lead the company.

Greg Leidner, President and CEO, said, "MPE's experience with founder- and family-owned businesses, as well as their unique combination of strategic, financial and operating perspective, make them a solid partner for UP&S. This partnership will allow UP&S to better serve both our wholesale distributor customers and our manufacturing partners by accelerating our geographic expansion nationwide while adding complementary product lines."


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