Pipeline Supply Co., Inc. Partners with Mainline Supply Company
Chicago – Code Hennessy & Simmons LLC (“CHS”) announced that Pipeline Supply Co., Inc. (“Pipeline”), one of the largest wholesale distributors of underground infrastructure products in the Carolinas, will be joining Mainline Supply Company (“Mainline”). Mainline is a portfolio investment of CHS Private Equity V LP, a $1.3 billion investment fund formed in 2005.
Headquartered in Columbia, South Carolina, Pipeline has been serving municipalities, public works contractors and private waterworks contractors since 1986. Pipeline’s product offering includes pipes, valves, fittings, fire hydrants and an array of underground products and solutions.
Steve Windham, President of Pipeline, said, “We are pleased to join forces with such a leader in the waterworks industry. Mainline has the resources and proven expertise to foster our growth initiatives. Together, we are committed to serving our customers with high quality products and unsurpassed service.”
Headquartered in Charlotte, North Carolina, Mainline is one of the leading wholesale distributors of underground infrastructure products in the Southeast. Mainline specializes in underground water, sewer and drainage utility products that transmit potable and non-potable water to treatment plants, storage towers, pumping stations and ultimately, to homes and businesses. The company’s customer base includes municipalities, developers and utility contractors involved in residential, commercial and municipal construction projects. Mainline distributes nearly 9,000 SKUs to approximately 1,800 customers through 19 branch locations in eight states in the Southeast and Mid-Atlantic regions. For additional information about Mainline, please refer to the company’s website at www.mainlinesupply.net.
Tim Tysinger, CEO and President of Mainline, said, “Pipeline and Mainline share common cultures, employee talent and longstanding success in the industry. We look forward to partnering with Steve Windham and his strong management team to pursue continued growth by acquisition and geographic expansion.”
CHS is a Chicago-based private equity firm specializing in private equity investments and recapitalizations of middle market companies in partnership with management. CHS has formed five private equity funds and currently manages over $2.5 billion of capital. For additional information about CHS, please refer to the firm’s website at www.chsonline.com.