We are pleased to announce that Texas Pipe & Supply has acquired our client Industrial Valco, Inc. ("the Company") located in California. Coil Partners acted as financial advisor to Industrial Valco for the transaction.
Industrial Valco is a 75-year branded Master Distributor serving the industrial and commercial pipes, valves, and fittings (“PVF”) market. The Company inventories ~25,000 PVF SKUs from longstanding strategic relationships with domestic and international manufacturers to provide PVF products “as needed.” Industrial Valco’s e-commerce platform ivalco.com and direct sales channel serve over 2,000 industrial and commercial distributors. Operating out of nine fulfillment centers nationwide, Industrial Valco’s market success is directly attributed to its branded speedability® guarantee of “in stock, error free, 2 hours or less.”
The Texas Pipe Family of Companies is an industry leader in the manufacturing of fittings and distribution of pipe, fittings, flanges, valves, and instrumentation tubing - in all grades. Founded in 1918, the Texas Pipe family now operates over 20 sales and distribution facilities and 3 manufacturing facilities in the U.S. with 3 international sales offices in the U.K., Singapore, and Abu Dhabi. The acquisition of Industrial Valco complements its Dodson Global subsidiary and helps strengthen its combined market position by adding inventory, people, and technology to its platform.
“The Coil Partners team led by Paul Donnelly proved valuable in helping navigate the Company selling process, leading us from the transaction preparation and outreach through the LOI negotiation and execution of the definitive agreements. They stayed fully connected through all stages of the deal, which was critical and comforting for a first time seller," said Rob Raban, owner and CEO of Industrial Valco.
Advising the owner of Industrial Valco, Coil Partners was successful in structuring and negotiating the sale of the Company to the privately held strategic buyer, Texas Pipe & Supply, which continues to build on its operating portfolio consisting of 11 branded companies for the manufacturing and distribution of PVF related products.