Investment bank positions Thompson Pipe Group for deal making

Sources: Thompson Pipe Group, Rialto, Calif. 

Thompson Pipe Group has engaged B. Riley Securities, a full-service investment bank and subsidiary of Los Angeles-based B. Riley Financial Inc., to support growth beyond four acquisitions to date, most recently U.S. Pipe concrete and steel pressure pipe assets from Forterra Inc., plus a Rinker Materials site in Corona, Calif. 

“Our executive team looks forward to working with B. Riley Securities on a proactive buy-side merger & acquisition strategy to supplement organic growth. Thompson Pipe Group is coming off another year of strong financial performance and is perfectly positioned to utilize its well capitalized balance sheet to pursue tuck-in acquisitions. We have meaningful cash to deploy, no third-party debt, and access to readily available financing for larger transactions,” says Chief Executive Officer Ken D. Thompson, who has worked with his father, founder and Chairman Ken M. Thompson, for four-plus decades.

“Our trusted reputation, knowledgeable personnel, comprehensive product offering, passion, and high-touch service model provide meaningful competitive differentiation. We’re ready to bring our expertise to additional markets across the country. And while we are expanding in response to growing market demand, we will remain a family business at heart and be mindful of our contracting and engineering roots.”

TPG was founded in 1972 as a regional utility contractor and has evolved into a key provider of large-diameter pipe, affiliated infrastructure products and value-added services for water and wastewater transmission, stormwater drainage, sanitary sewer systems, rehabilitation projects and industrial applications in North America. It produces a diverse array of drainage, sanitary, pressure and trenchless pipe through an established network of California, Texas, Louisiana, Mississippi, Illinois, Tennessee and Florida operations. 

Related article: Forterra, Thompson Pipe trade gravity and pressure pipe production assets