One Equity Partners, a middle market private equity firm, announced it has invested in McNICHOLS, a value-added distributor of specialty metals and fiberglass products across the U.S.

As part of this transaction the McNichols family will remain significant shareholders and continue to actively manage the business.

Founded in 1952 and headquartered in Tampa, FL, McNICHOLS is a fabricator and distributor of specialty machined, assembled metal and fiberglass products serving metal fabricators, metals distribution, OEMs, contractors and numerous other customers across all 50 states. The company has approximately 320 employees and 19 service centers.

“One Equity is the perfect partner for McNICHOLS as we enter into our next stage of growth,” McNICHOLS CEO and President Scott McNichols said in a news release. “The firm has a well-established reputation of partnering with companies like ours and scaling them utilizing their industry expertise and transformational combination strategy.”