Westbridge Capital Ltd., a Canada-based private management company, has acquired Federal Steel Supply, a distributor of industrial products including pipes, fittings, flanges and valves and a portfolio company of private equity firm V&A Capital.
Federal Steel Supply was founded in St. Louis, Mo. in 1979 by three co-founders looking to provide industrial markets with heavy wall pipes and services. FSS now has distribution facilities in Missouri, Texas, Louisiana and New Mexico to support its customers nationwide. The company serves a customer base in end markets such as industrial fabrication, food and beverage, midstream oil and gas, power generation and construction.
Brown Gibbons Lang & Co. served as financial advisor to FSS in the transaction.