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McJunkin-Red Man Merger Closes
Industrial and oilfield PVF distributors McJunkin Corp. and Red Man Pipe and Supply Co. have completed their merger, forming McJunkin Red Man Corp. The new company will have headquarters in both Charleston, WV, and Tulsa, OK.
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McJunkin CEO and President H.B. Wehrle III and Red Man Pipe and Supply Company President and CEO Craig Ketchum will serve as Co-Chief Executive Officers for the new company.


McJunkin Red Man Corporation remains a privately held firm.
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In January 2007, Goldman Sachs Capital Partners became a substantial investor in McJunkin ...
Finance
McJunkin-Red Man’s Goal: Growth
PVF distributors McJunkin Corp. and Red Man Tool and Supply will merge to form a $3-plus billion company. Private equity has a controlling interest in McJunkin, meaning the deal, to be finalized in September, is probably just the first of many steps in the companies'plans for growth.
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The recently announced merger plan between leading pipe, valve and fittings (PVF) distributors McJunkin Corp. and Red Man Tool and Supply highlights the impact private equity is having in distribution. The deal would form a $3-plus billion company and largest U.S. PVF distributor.


Goldman Sachs owns a majority share of McJunkin, which was family-owned and -founded. One industry expert says the share is close to 60 percent, giving Goldman Sachs a controlling ...
Finance
Industrial Distributors McJunkin and Red Man Merge
Two major distributors of industrial and oilfield PVF supplies, McJunkin Corporation, with nearly $2 billion in annual revenues,&nbsp ; and Red Man Pipe and Supply Company, nearly $1 billion in annual sales, have announced a merger of equals" that will make the new company a leading industrial and oilfield PVF supplier in

North America. Charleston, WV, and

Tulsa, OK , will serve as co-headquarters for the new company.

McJunkin Corporation CEO and President H.B. Wehrle III and Red Man Pipe and Supply Company President and CEO Craig Ketchum will serve as Co-CEOs for the new company.

"It is an exciting time for Red Man with great ...

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