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Add-on acquisition Announced Apr 2021 Closed Apr 2021

Allegheny owners retain substantial minority ownership with Winsupply as majority owner

Relationship map

Relationship map for Allegheny owners retain substantial minority ownership with Winsupply as majority ownerparent ofWinsupply Inc.: PlatformWIWinsupply Inc.Allegheny Pipe & Supply: Operating CompanyAllegheny Pipe & Supp…
Operating CompanyPlatform

Parties

Acquirer
Winsupply Inc.
Platform
Target
Allegheny Pipe & Supply
Operating Company

Market signals

Summary

Under the Winsupply succession model, the third-generation Morse family owners plan to re-invest in substantial ownership while Winsupply becomes the majority owner, structuring the deal as a partial recapitalization preserving local ownership.

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