August 10, 2015
Rosemont, IL. - United States Pipe and Foundry Company, LLC ("U.S. Pipe"), a portfolio company of Wynnchurch Capital ("Wynnchurch") and Comvest Partners ("Comvest"), announced the acquisition of Custom Fab, Inc. ("Custom Fab"). Custom Fab is a leading fabricator of pipes and fittings mainly for the waterworks industry. Custom Fab also specializes in the application of specialty linings and coatings. The combination strengthens U.S. Pipe's fabrication business, increases pipe, fittings and flange sales to customers, and enhances its service offering.
Paul Ciolino, U.S. Pipe's Chief Executive Officer, said in a statement, "With the addition of Custom Fab, we will offer a broader range of products and services from a more diversified footprint to both businesses' customers. This combination will improve our respective cost positions and enable us to operate more efficiently and improve customer service." Chris Comins of Custom Fab commented, "We are excited to be a part of U.S. Pipe. Both companies are committed to exceptional customer service and our customer base will benefit from our combined resources."
About Custom Fab:
Founded in 1985, Custom Fab fabricates pipes and fittings for water and wastewater applications. Custom Fab is based in Orlando, FL and operates six fabrication facilities providing broad coverage to customers across the U.S. Custom Fab has a strong brand name and an excellent reputation for quality and service. For more information, please visit: www.customfab.com.
About U.S. Pipe:
Founded in 1899, U.S. Pipe is a leading manufacturer of a broad line of ductile iron pipe products, fittings, and joint restraints used in drinking water and wastewater systems. The Company has built its leading position with a comprehensive product portfolio supported by strong brand recognition throughout its end markets through product innovation, and a reputation for quality and service. For more information, please visit: www.uspipe.com.
About Wynnchurch:
Wynnchurch Capital, Ltd. is a leading middle-market private equity investment firm that was founded in 1999 and is headquartered in the Chicago suburb of Rosemont, Illinois with offices in Detroit and Toronto, as well as affiliates in New York City, Los Angeles, and Montreal. Wynnchurch's strategy is to partner with middle-market companies in the United States and Canada that possess the potential for substantial growth and profit improvement. Wynnchurch manages a number of private equity funds with $2.3 billion in capital under management. Wynnchurch specializes in management buyouts, recapitalizations, corporate carve-outs, restructurings and growth capital. For more information, please visit www.wynnchurch.com.
About Comvest:
Comvest Partners, with $1.1 billion of assets under management, provides flexible financing solutions to lower middle-market companies through its equity and debt funds, often meeting time critical and complex funding requirements. Our firm includes seasoned, senior level operating executives who partner with managers and owners of companies to operationally improve businesses and create long-term value. Since 2000, Comvest has invested more than $1.7 billion of capital in over 120 public and private companies. For more information, please visit: www.comvest.com.
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