One Equity Partners Agrees to Acquire EPIC Piping

Platform Benefits from Sustained Energy and Infrastructure Investment

NEW YORK--(BUSINESS WIRE)--One Equity Partners (“OEP”), a middle market private equity firm, today announced that it has agreed to acquire United WELD Holdings, parent company of EPIC Piping (“EPIC”)—the platform's flagship operating company—and BendTec. Financial terms of the private transaction were not disclosed.

Founded in 2014 and headquartered in Baton Rouge, La., EPIC is a global leader in advanced piping system production, delivering precise, customized solutions supporting customers across industrial, power, LNG, nuclear, and data center end-markets. The Company manufactures highly customized and engineered piping systems that serve as critical prefabricated components for energy and other industrial infrastructure development projects. EPIC operates a network of fabrication facilities across the United States and the Middle East and employs approximately 2,000 people.

“EPIC is positioned to benefit from sustained infrastructure and energy investment, with differentiated fabrication, procurement, and on-time delivery capabilities supporting continued growth and market share gains in a fragmented industry,” said Ante Kusurin, Partner, at One Equity Partners. “Pipe fabrication work has shifted from being predominantly field-based to in-house due to labor advantages enabling quicker completion of projects, and EPIC has emerged as a leader with the required scale, certifications, and execution capabilities to compete for large, complex projects.”

“We’re pleased to have OEP as our partner, an investor with demonstrated industrials expertise and proven ability to scale specialized manufacturing, services, and distribution businesses like ours effectively,” said Remi Bonnecaze, CEO of EPIC. “This is a great transaction for our business, as we’re supported by a firm who understands the dynamics of our industry.”

About One Equity Partners

One Equity Partners (“OEP”) is a middle market private equity firm focused on the industrial, healthcare, and technology sectors in North America and Europe. The firm seeks to build market-leading companies by identifying and executing transformative business combinations. OEP is a trusted partner with a differentiated investment process, a broad and senior team, and an established track record generating long-term value for its partners. Since 2001, the firm has completed more than 500 transactions worldwide. OEP, founded in 2001, spun out of JP Morgan in 2015. The firm has offices in New York, Chicago, Frankfurt and Amsterdam. For more information, please visit www.oneequity.com.

About EPIC Piping

EPIC is one of the largest privately-owned pipe fabrication and distribution firms in the world. We leverage our extensive experience, superior technology, and our master distribution business line to deliver on-time high quality pipe fabrication projects of any size including large-scale, global capital projects. With more than a million square feet of pipe fabrication capacity, EPIC provides a variety of piping manufacturing and distribution solutions, including pipe fabrication, structural pipe support, supply chain integration and industrial blasting & coating. Learn more at www.oneepic.com.