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. Doug Waldal, CEO of 80/20, said, “Flexpipe has developed an exceptional brand and expands 80/20’s product line along with opening up new customers and applications. We are excited to partner with the team and look forward to growing the combined business together.”

Karen Tuleta, Partner at MPE, added, “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.”

Julien Depelteau, CEO and President of Flexpipe, said, “We’re exceptionally proud of what Flexpipe has accomplished and look forward to the next phase in the Company’s growth.  80/20 carries an outstanding reputation in the industry and is an excellent fit for Flexpipe to continue serving our customers and employees.”

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.

 

Source:mpepartners.com

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