American Piping Products bought by Chicago private equity firm

American Piping Products, a Chesterfield-based supplier of steel pipe, tubes and fittings, has been acquired by Center Rock Capital Partners, a Chicago-based private equity firm.

Terms of the deal were not disclosed.

American Piping is one of the largest privately held companies in the St. Louis area, the St. Louis Business Journal reports, with 2017 revenue of $155 million. The company has more than 100 employees.

American Piping CEO Al Rheinnecker said the deal would allow his company to expand its product offerings and pursue growth opportunities. The company currently provides piping products to customers across the globe and in a variety of markets.

Edgewater Funds, another Chicago-based private equity firm, previously held a majority stake in American Piping.

Read more: St. Louis Business Journal, St. Louis Post-Dispatch

Tags:, , , ,

Have you heard?

Missouri Business Alert is participating in CoMoGives2019!

Find out how we plan to use your gift to enhance training and programming for our students

Learn more