Code Hennessy & Simmons LLC, Chicago, IL, has made an equity investment in Mainline Supply Company, Charlotte, NC, a distributor of underground infrastructure products in the Southeast.
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Mainline specializes in underground water, sewer and drainage utility products that transmit potable and non-potable water to treatment plants, storage towers and pumping stations. The customer base includes municipalities, developers and utility contractors in residential, commercial and municipal construction projects.
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Mainline has 1,800 customers in 16 branches in seven states in the Southeast and Mid-Atlantic regions.
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We are poised for continued growth through geographic expansion, new product introductions and complementary acquisitions, said CEO Tim Tysinger. We are very excited about the growth opportunities we can pursue with … CHS’ capital resources and experience with distribution businesses.”
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BB & T Capital Markets served as advisor to Mainline, a portfolio company of PNC Equity Management.
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