Situation:

BBL, an authorized distributor of US Steel standard and line pipe, carries a wide selection of  carbon steel welded pipe and tubing from 1/8″ to 24″ in diameter and seamless material up to 24″ in diameter.  BBL also provides carbon alloy, stainless steel, nickel, nickel alloy, and aluminum pipe/tubing.  It has served its regional marketplace for over forty years.

Ameridan’s Role:

Ameridan was engaged by BBL’s owner to conduct a targeted, confidential sale process.  Ameridan’s work included: (1) assessing, structuring and presenting confidential Company information; (2) identification and contacting of potential acquirers; (3) assisting management in developing and presenting appropriate business plans and financial forecasts; and (4) advising BBL’s ownership on various transaction proposals received.

The engagement was successfully completed On July 31, 2013, when Merfish Pipe & Supply LLC acquired substantially all of the assets of BBL Company.  Merfish Pipe & Supply LLC is a master distributor of carbon steel pipe, fittings and flanges.  It is majority owned by One Equity Partners, the private equity arm of JPMorgan Chase & Co.