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Venturi Supply (“Venturi”), backed by the Dallas-based private equity firm Trive Capital (“Trive”), is pleased to announce that it has acquired Monumental Supply Company (“Monumental” or the “Company”). The acquisition of Monumental establishes Venturi’s presence in the Mid-Atlantic U.S. region and further expands its Industrial & Commercial segment.
Established in 1950 and headquartered in Baltimore, Maryland, Monumental is a regional leader in the distribution of pipes, valves, fittings (“PVF”) and other specialty products. Monumental primarily serves the federal, education, medical, utility, and manufacturing industries. In addition to its expansive product offering, the Company also provides valued-added services such as pipe fabrication, custom packaging and onsite inventory management.
“We are thrilled to partner with the Monumental leadership team and employees to execute a number of exciting growth and cross-collaboration opportunities presented as a result of the transaction,” said Michael DiMino, Chief Executive Officer of Venturi. “The addition of Monumental, strategically located in the heart of Baltimore, enables us grow our base of mechanical contractors, OEMs and utility customers in a new region for Venturi.”
“The addition of Monumental progresses key strategic initiatives of expanding Venturi’s geographic presence towards a national footprint, increasing the number of end markets and applications served, and growing our capabilities to deliver value-added services to our customers,” said Jared Reyes, Managing Director at Trive. “Further, in addition to its core PVF products, the Company offers specialty and ancillary products that can now be offered to Venturi’s broader customer base.”
“Monumental brings nearly 75 years of operating history, decades long relationships with its top customers, and a stellar reputation for service and quality,” said Blake Bonner, Partner at Trive. “We look forward to building on the legacy of the Kirchner family in this next chapter of the Company’s growth.”
King & Spalding LLP served as legal counsel to Trive Capital and Venturi Supply.
Tower Partners served as financial advisor, and Offit Kurman served as legal counsel to Monumental.
About Venturi Supply
Headquartered in Phoenix, Arizona, with 44 locations across the U.S., Venturi Supply is a distributor of pipe, valves, fittings, engineered products, and industrial supplies serving end users across a variety of mission-critical end markets. Venturi’s family of brands will serve customers primarily across the Industrial & Commercial, Fire Protection & Life Safety, and Energy & Infrastructure segments:
- BPS Supply Group, a Bakersfield, CA-based distributor of PVF and engineered products into industrial, commercial, food and beverage processing, and energy markets across the Western U.S., Texas and North Dakota
- Producers Supply Company, an independent industrial supplies distributor based in Waynesburg, PA, serving the energy, infrastructure, and manufacturing sectors within the Appalachia, Bakken, and Mid-Continent regions
- Tri Star Industrial, a Phoenix, AZ-based distributor of industrial pipe, valves, and fittings serving the Western and the Southwestern U.S.
- Ameripipe Supply, a Dallas, TX-based value-added designer, fabricator, and distributor of pipe, valves and system components installed in fire protection systems, serving customers in the Southern and Southeastern U.S.
- Industrial & Construction Enterprises, a Washington, NC-based distributor of PVF, industrial supplies, and safety products serving the Southeastern U.S.
- Albuquerque Pipe & Pump Supply, an Alburquerque, NM-based distributor of PVF and other industrial products serving the mechanical, semiconductor, waterworks, pulp and paper, and utility sectors in the Southwestern U.S.
- Monumental Supply Company, a Baltimore, MD-based distributor of PVF and other specialty products serving the federal, education, medical, utility, and manufacturing sectors in the Maryland and Northern Virginia markets.
Learn more about Venturi Supply and its product and service offering at www.venturisupply.com.