MPE Partners, along with portfolio company 80/20, LLC of Columbia City, IN, announced the acquisition of Les Industries Flexpipe, Inc., of Farnham, Quebec. Flexpipe is a manufacturer and distributor of steel modular framing structures and material handling systems used predominantly in lean manufacturing applications.
MPE and 80/20 partnered in the transaction with Flexpipe's owners, Julien Depelteau and Sylvain Lejour, as well as its management team led by General Manager, Benjamin Ricard.
"Flexpipe has developed an exceptional brand and expands 80/20's product line along with opening up new customers and applications,” says Doug Waldal, CEO of 80/20. “We are excited to partner with the team and look forward to growing the combined business together."
"We saw a terrific fit between 80/20 and Flexpipe and believe the shared capabilities and cross-selling opportunities will accelerate the growth of the combined company," adds Karen Tuleta, Partner at MPE.
BakerHostetler and Bennett Jones served as legal counsel for MPE Partners. Copper Run served as buyside advisor to 80/20. Terms of the transaction were not disclosed.
