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Merfish Pipe & Supply Company and Pipe Exchange Inc. announced that a majority of the stock of both companies has been acquired by One Equity Partners, the private investment arm of JPMorganChase.
Gerald Merfish has been named CEO of the acquired companies while Dolty Cheramie will continue to lead Pipe Exchange as its president.
Merfish Pipe & Supply is a master distributor of carbon steel pipe, fittings and flanges serving distributors in the U.S. Merfish’s products include carbon steel welded and seamless standard pipe, carbon steel seamless pipe fittings and carbon steel forged flanges. Pipe Exchange is a traditional distributor of carbon steel API line pipe primarily to end-users across the energy exploration end-markets in and east of the Rocky Mountains.