Houston pipe, valves and fittings distributor SMP Supply has been acquired by Houston investment firm Helena Dumont, company officials said late last month.
The company — officially named Specialty Metal Products LLC — provides pipe, valves, fittings and flanges to industries including the power, oil & gas and petrochemical sectors.
SMP will be led by Helena Dumont President and CEO Adam Britt on an interim basis, along with Michelle Russell and Keith Thomas, as SMP’s founders “transition out of the business.” The company will continue to operate under the SMP name from its Houston headquarters, and its employees will remain in their current roles.
The deal officially closed on Oct. 19; financial terms were not disclosed.
“I spent much of my career in PVF distribution, and I know SMP Supply and the markets it serves,” Britt said in the announcement. “Our role is to support the team that built this business, invest in its people and its community, and provide the capital and operating resources it needs to grow over the long term.”
“Helena Dumont brings operating experience in our industry and a long-term view of the business,” added Russell, the company’s president. “That combination gives our team the backing to keep doing what we do well and to grow with our customers.”
