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Winsupply Inc., Dayton, OH, has acquired MSI Supply, a Houston-based distributor of pipe, valves and fittings.Terms of the purchase were not disclosed.
As a Winsupply company, MSI Supply will remain under the leadership of Chad Smith, who has managed the company through its rapid growth since 2011 when he became a co-owner.
“MSI Supply is a highly successful company that has grown exponentially, more than 1,200 percent, since 2011 based on projections for this year,” said Roland Gordon, president of Winsupply Inc. “Chad Smith realized that to continue their extraordinary upward path they needed a strong equity partner with the capital and support resources to grow. Winsupply’s unique co-ownership business model offers entrepreneurs like Chad the opportunity to continue to lead his own company with Winsupply as majority owner.”