One Equity Partners to buy parent company of Epic Piping
PE Hub reported that One Equity Partners has agreed to acquire United Weld Holdings, the parent of Baton Rouge-based Epic Piping.
By Amanda Ross · Deals Correspondent
· 2 min read
One Equity Partners has agreed to acquire United Weld Holdings, the parent company of Epic Piping, according to PE Hub. The transaction would place a pipe fabrication and distribution business with operations in the US and the Middle East under the ownership of the investment firm.
PE Hub reported that Epic Piping is based in Baton Rouge, Louisiana, and employs about 2,000 people. The company operates a network of fabrication facilities across the US and the Middle East, giving it a manufacturing and distribution footprint tied to industrial project supply chains.
The report did not provide financial terms for the acquisition. It also did not identify a closing timetable or other conditions attached to the agreement.
Deal structure
The agreement is for One Equity Partners to acquire United Weld Holdings, which owns Epic Piping, PE Hub reported. In such a structure, the buyer acquires control at the holding-company level rather than purchasing selected operating assets directly. That can allow ownership of the underlying operating business to transfer through the parent entity, subject to the terms of the acquisition agreement.
Epic Piping was founded in 2014, according to PE Hub. Remi Bonnecaze serves as the company’s chief executive officer.
The deal adds to private equity activity in industrial and manufacturing services, a sector where buyers often assess businesses by facility footprint, labor capacity, customer mix and exposure to capital projects. PE Hub classified the transaction under industrial and manufacturing.
For operators and investors in energy, infrastructure and industrial construction supply chains, pipe fabrication capacity can be a relevant input for project execution. PE Hub’s reported details indicate that Epic Piping combines fabrication operations with distribution, although the report did not provide revenue, customer concentration, earnings or backlog figures.
One Equity Partners is listed by PE Hub as the buyer. The report did not include statements from One Equity Partners, United Weld Holdings or Epic Piping.
This story draws on original reporting from PE Hub.
