Subscribe to our newsletters & stay updated
Reliance Steel & Aluminum Co. has acquired Merfish United, a leading master distributor of tubular building products in the United States, from One Equity Partners, a middle market private equity firm. Headquartered in Ipswich, Massachusetts, Merfish United serves 47 U.S. states through its twelve strategically located distribution centers. Merfish United’s broad product offering includes full lines of steel pipe, copper tubing, plastic pipe, electrical conduit and related products for the commercial, residential, municipal and industrial building markets. For the twelve months ended June 30, 2021, Merfish United’s net sales were approximately $500 million. The current Merfish United team, including management, will remain in place. The terms of the transaction were not disclosed.
“We are excited to welcome Merfish United to the Reliance Family of Companies and to broaden our focus on adjacent business opportunities beyond traditional metals service centers,” said Jim Hoffman, CEO of Reliance. “This transaction aligns with our acquisition strategy of expanding our product, end market and geographical diversification and acquiring immediately accretive companies with strong management teams. Further, Merfish United increases our exposure to copper and plastic products and positions Reliance in the adjacent industrial distribution space with a platform for further growth.”
© 2023 All Rights Reserved