Merfish Pipe & Supply Company and Pipe Exchange have been sold to One Equity Partners

Lincoln International (“Lincoln”), a leading global mid-market investment bank, is pleased to announce that Merfish Pipe & Supply Company (“Merfish”) and Pipe Exchange, Inc. (“Pipe Exchange”) have been sold to One Equity Partners (“OEP”), the private investment arm of JP Morgan Chase & Co. Merfish Pipe & Supply is a master distributor of carbon steel pipe, fittings and flanges serving distributors in the United States. Merfish’s products include carbon steel welded and seamless standard pipe, carbon steel seamless pipe fittings and carbon steel forged flanges. Pipe Exchange is a traditional distributor of carbon steel API line pipe primarily to end-users across the energy exploration end markets in and east of the Rocky Mountains. Lincoln International served as the exclusive financial advisor to Merfish and Pipe Exchange, working closely with the management team and shareholders throughout the sale process. This included providing advisory expertise and managing the preparatory, marketing, negotiation and due diligence phases of the transaction.

Gerald Merfish, CEO of Merfish and the third generation of his family to lead the privately-held company, commented, “Lincoln’s commitment to ensuring a successful outcome for our shareholders, deep industry knowledge and execution expertise played a large part in finding a terrific institutional buyer to partner with in One Equity Partners.” About Merfish Pipe & Supply Company and Pipe Exchange, Inc.

Merfish is a master distributor of carbon steel pipe, fittings and flanges serving distributors in the United States. Its products include carbon steel welded and seamless standard pipe, carbon steel seamless pipe fittings and carbon steel forged flanges. Its primary end markets include commercial construction, industrial construction, residential construction and steel/structural fabrication. Pipe Exchange is a traditional distributor of carbon steel API line pipe primarily to end-users across the energy exploration end markets in and east of the Rocky Mountains. Its products include carbon steel ERW API line pipe, carbon steel seamless API line pipe, and carbon steel API line pipe coated for underground installation. Pipe Exchange’s primary end markets include energy exploration and gathering for oil, dry natural gas and natural gas liquids.

About One Equity Partners

One Equity Partners makes private investments behind compelling business ideas and strong management teams. Established in 2001, OEP manages $10 billion of investments and commitments for JP Morgan Chase & Co. in direct private investment transactions. Partnering with management, OEP invests in transactions that initiate strategic and operational changes in businesses to create long-term value. OEP’s investment professionals are located across North America, South America, Europe and Asia, with offices in New York and Chicago and advisory offices in Frankfurt, São Paulo, Vienna and Hong Kong.

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