Winsupply Inc., Dayton, Ohio, on Monday announced it has acquired Allegheny Pipe & Supply, a Coraopolis, Pennsylvania-based distributor of industrial pipe, valves and fittings. Financial terms of the deal weren’t disclosed.
Allegheny Pipe & Supply is located just west of Pittsburgh and serves the tri-state region of Pennsylvania, West Virginia and Ohio. The company’s third-generation owners — Jim Morse, president, and his brother, Tom Morse, vice president — plan to re-invest in substantial ownership in the company with Winsupply Inc. as the majority owner.
The duo will continue in their leadership roles, and the location will continue to do business as Allegheny Pipe & Supply, with the legal name Winsupply Coraopolis PA Co.
“The Winsupply business model is perfect for owners like Jim and Tom Morse who wanted a succession plan that allowed them to stay in the business,” said Monte Salsman, president of Winsupply Acquisitions Group. “Jim and Tom are great people and we are thrilled to be partners with them. They are true entrepreneurs who are deeply respected by their customers, vendors and community. We are excited about growing with them and expanding the Winsupply opportunity in the Pittsburgh area.”