Center Rock Capital Partners LP in Bloomfield Hills today announced it has acquired American Piping Products, a Missouri-based global distributor of steel pipe, fittings, and valves. AAP marks Center Rock’s second platform investment out of its inaugural investment vehicle, Center Rock Capital Partners Fund I LP.
“We are excited to embark on this next phase of our growth with Center Rock,” says Al Rheinnecker, CEO of APP. “Center Rock understands the importance of investing in our employees, suppliers, and systems to provide the highest level of customer service and responsiveness. We look forward to working with the Center Rock team to expand our product offering and pursue growth opportunities in the steel pipe market.”
APP is headquartered in St. Louis and was founded in 1994. It is a distributor of seamless and welded pipe and tubular-related products. The company serves customers in the energy, refining, petrochemical, power generation, diversified industrial, and other industries.
“Al and the team at APP have built an exceptional organization. With a unique position in the supply chain and diverse end markets, APP has performed well through all industry cycles,” says Ian Kirson, partner at Center Rock.