Winsupply, Dayton, Ohio, purchased the assets of Allegheny Pipe & Supply, a distributor of industrial pipe, valves and fittings in Coraopolis, Pennsylvania. The company distributes carbon and stainless steel pipe, valves, fittings and related products with onsite cutting, grooving and threading capabilities for the Pittsburgh area and the region of Pennsylvania, West Virginia and Ohio. Terms of the purchase were not disclosed.
Third generation owners Jim Morse, president of Allegheny Pipe & Supply, and his brother, Tom Morse, vice president, plan to re-invest in substantial ownership in the company with Winsupply Inc. as the majority owner. Jim Morse will remain president and Tom will be second in command. The location will continue to do business as Allegheny Pipe & Supply, with the legal name Winsupply Coraopolis PA Co.
“The Winsupply business model is perfect for owners like Jim and Tom Morse who wanted a succession plan that allowed them to stay in the business,” said Monte Salsman, president of Winsupply Acquisitions Group. “Jim and Tom are great people, and we are thrilled to be partners with them. They are true entrepreneurs who are deeply respected by their customers, vendors and community. We are excited about growing with them and expanding the Winsupply opportunity in the Pittsburgh area.”
“They will continue to have local decision-making as owners but now with the major support of Winsupply,” says Salsman. “They have a strong inside and outside sales team with a combined 200-plus years of experience, are customer-focused, and they want to continue to grow.”
In the Winsupply business model, Winsupply is the majority owner of its companies, reflecting its shared-ownership business model.