Houlihan Lokey Advises American Piping Products

Houlihan Lokey is pleased to announce that American Piping Products, a portfolio company of The Edgewater Funds, has been acquired by Center Rock Capital Partners. The transaction closed on September 14, 2018.

Founded in 1994, American Piping Products is a leading, global distributor of high-quality seamless and welded pipe and tubular-related specialty products. The company serves various customers across a range of industries, including power generation, oilfield applications, gas and chemical processing, shipbuilding, and pressure vessels. The company is based in Chesterfield, Missouri, with steel processing facilities in Houston, Texas, and Chicago, Illinois.

The Edgewater Funds is a Chicago-based private equity firm with $2.7 billion in committed capital. Through Edgewater Growth Capital Partners, Edgewater Funds partners with management to help accelerate growth in their business. Edgewater focuses on funding high-quality middle-market companies in which the firm can add substantial value through capital, experience, and a broad network. Edgewater leverages the experiences of its partners and executive advisory board, who have distinguished themselves as successful CEOs and business leaders.

Center Rock is a Midwest-based private equity firm focused on building leading industrial companies in the lower middle market. Center Rock seeks industrial manufacturing, industrial services, and industrial distribution companies headquartered in North America, often with multinational operations and locations that serve both domestic and global markets. With substantial expertise working constructively with management teams to drive both operational and strategic improvement, Center Rock's investment professionals have the flexibility and tools to invest in a broad array of transactions and build value in lower-middle-market industrial companies.

Houlihan Lokey served as the exclusive financial advisor to American Piping Products and assisted in initiating, structuring, and negotiating the transaction. This transaction underscores Houlihan Lokey's long-standing reputation and credentials as a premier advisor to the global metals and mining sector.