Dallas, TX-based private equity firm Trive Capital has acquired six distributors of pipe, valves and fittings and combined them to form Venturi Supply.
Venturi Supply is made up of BPS Supply Group, Producers Supply Company, Tri Star Industrial, Ameripipe Supply, Industrial & Construction Enterprises, and Albuquerque Pipe & Pump Supply.
The family of businesses now offers an extensive PVF product portfolio, and a range of value-added services and solutions, including valve actuation, custom fabrication, pipe coating and inspection, vendor managed inventory and warehouse management.
“The formation of Venturi creates a unique player in the PVF distribution industry, bringing together meaningful scale and a comprehensive product offering, while still prioritizing best-in-class service and support to our customers,” Jared Reyes, Managing Director at Trive, said in a Dec. 20 news release. “Furthermore, there are ample opportunities for each of the acquired businesses to collaborate and cross-sell.”
Venturi Supply, newly headquartered in Phoenix, AZ, serves a range of end markets across 42 facilities in the U.S. It serves energy, infrastructure, food and beverage processing, construction, building mechanical, fire protection systems and industrial manufacturing.
Michael DiMino Appointed CEO
Michael DiMino, previously CEO of Tri Star Industrial, was appointed Venturi’s CEO.
He brings over 30 years of experience leading both private and public distribution companies. DiMino has a background in developing and growing distribution businesses organically and through strategic acquisitions, while improving processes and systems to increase customer satisfaction, company officials said.
“We look forward to partnering with Michael and the management team to further expand Venturi’s geographic footprint, product offering and value-added capabilities, both organically and through additional M&A,” said Blake Bonner, Partner at Trive.
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