Houlihan Lokey Advises American Piping Products

Houlihan Lokey is pleased to announce the successful placement of a credit facility consisting of an ABL revolver and term loan for American Piping Products, Inc. (APP), a portfolio company of Center Rock Capital Partners, LP (Center Rock). The transaction closed on April 14, 2025.

Founded in 1994 and headquartered in St. Louis, Missouri, APP is a leading just-in-time distributor and value-added processor of mission-critical specialty steel and alloy tubular products used in the diversified industrial, chemical, refining, and conventional and alternative energy end markets. The company’s differentiated business model, characterized by an extensive product offering, low minimum order quantities, fast turnaround times, and best-in-class responsiveness, has earned APP a reputation for reliability and helped establish longstanding and entrenched customer relationships.

Houlihan Lokey’s Capital Solutions Group served as the exclusive placement agent to APP, assisting the company in arranging, structuring, and negotiating the financing. The APP financing highlights Houlihan Lokey’s ability to run a competitive financing process, deliver attractive refinancing alternatives, and improve credit terms. This transaction represents the second successful refinancing that Houlihan Lokey has completed for the company and another successful capital raise for the Capital Solutions Group.

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