July 1, 2013: Morgenthaler Announces Recapitalization of United Pipe & Steel
David Cohen Will Retain Substantial Ownership Interest
Joe Machado, partner at MPE, said, “We are pleased to partner with David, Greg, and the entire senior management team at UP&S. Our goal is to double the company’s revenues over a five year period through exciting organic growth initiatives and complementary add-on acquisitions.”
Leidner said, “MPE’s experience with founder- and family-owned businesses, as well as their unique combination of strategic, financial, and operating perspective, make them a solid partner for UP&S. This partnership will allow UP&S to better serve both our wholesale distributor customers and our manufacturing partners by accelerating our geographic expansion nationwide while adding complementary product lines.”
Karen Tuleta, partner at MPE, added, “David Cohen has built a terrific company over the past 32 years. UP&S’ service-oriented model creates value for suppliers and customers through a unique combination of talented sales and service personnel and a highly efficient operations network.”
For more information, visit www.united-pipe.com.
Publication date: 7/1/2013