LQC Pipe and Supply, a Houston-based wholesale distribution business providing pipes, valves and fittings to midstream and downstream end-users, completed a majority recapitalization with Rock Hill Capital Group.
The amount of the deal was not disclosed.
Founded in 2008 by Frank “Skip” Spinale, and also led by Tim Rodabough, LQC inventories and distributes carbon steel, stainless steel and special alloy products which are applicable to nearly all natural gas related infrastructure projects and downstream turnaround projects. LQC has become the preferred vendor for many large engineering and construction customers because of its unwavering service-oriented approach.
LQC represents the fourth investment by Rock Hill’s third fund – Rock Hill Capital III, L.P.
Debt financing, and legal representation services for the transaction were provided by Green Bank and Winston & Strawn, respectively.