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United Pipe & Steel was founded by David Cohen in Everett, Massachusetts, in 1980. [2] Morgenthaler, a private equity firm, acquired the company in 2013. [3]In 2019 United Pipe & Steel was acquired by One Equity Partners, [4] and operationally integrated with Merfish Pipe & Supply, a master distributor based in Houston, Texas.
Stephens Inc. is a privately held, independent financial services firm headquartered in Little Rock, Arkansas. [1] As one of the largest privately owned investment banks in the United States, [2] Stephens has 28 offices worldwide and employs more than 1,200 people. [3]
Its Steel Pipe Division would also see major developments. In 2015, American Steel Pipe completed a $70-million expansion, including a new 150,000-square-foot processing facility and upgrades to its two mills.
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The mill was equipped with an electric furnace for generating steel from scrap metal produced from the waste of pipe and rail wheel production. The construction took 5 years and cost $700 million. [9] Interpipe began supplying steel to the United Arab Emirates (UAE) market in the early 2000s with up to 16% of global sales coming from this region.
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