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The all-cash transaction
is valued at approximately $412 million after adjusting for estimated tax benefits and was funded
with cash borrowed under a new credit agreement.
American Pipe & Supply has opened two new branches in Knoxville, Tennessee, and Pensacola, Florida, expanding its footprint to meet growing regional demand with increased inventory, enhanced logistics and faster service.
The diverse group shared best practices on topics ranging from design-build sales, pre-construction, RFPs, transitioning from design-build to plan spec and more.
The acquisition will include Stellar Energy’s existing Digital business operations, including two assembly operations in Jacksonville, Florida, and its highly skilled team of approximately 700 employees.
Founded in 1993 by Mike Felton, StreamKey provides custom-engineered water and wastewater systems for commercial and residential applications in partnership with high-quality manufacturers.
Held Nov. 26 at the Enterprise Center in St. Louis, the event is a fundraiser for BackStoppers, which supports the families of fallen or injured first responders.