John Lawrie Tubulars Ltd has been acquired by North America private equity firm Center Rock Capital Partners, LP (“Center Rock”) in partnership with its management team as it gears up for an expansion of its business in North America and Europe. The company’s senior management team will remain with the business – Vic Sinclair, CEO, Jonathan Clark, CFO, Iain Laing, UK Managing Director, and Andrew Appleton, Senior Vice President of North America Sales and Operations. All existing staff in the UK and North America will also remain with the business.
John Lawrie Tubulars is the leading supplier of steel tubulars to both the North America and Europe construction and utility sectors from its bases in the UK, Texas, New Jersey, Colorado, Arkansas, Oklahoma and Philadelphia in North America.
The investment from Center Rock will enable John Lawrie Tubulars to expand its product offering on both sides of the Atlantic Ocean. In North America, the company will focus on developing its micropile, pipe pile and helical pile service offering, while in the UK and Europe it will expand its piling and drilling products capabilities to better serve the construction, rail, utilities and drilling industries.
Commenting on the transaction, Vic Sinclair, CEO of John Lawrie Tubulars Ltd said: “We are excited to partner with Center Rock to help us grow and expand our business organically through North American yard expansions and movement into adjacent markets, as well as potential acquisitions. At John Lawrie Tubulars we have built a strong brand and a differentiated, unique sourcing model giving us access to a large, diversified supply base that is crucial for success in our industry.”
Center Rock Partner Ian Kirson commented: “John Lawrie Tubulars has a multi-faceted approach to sourcing that is rare in steel pipe supply to the construction industry. The management team has built a remarkable enterprise with an environmentally friendly business model as a recycler and repurposer of surplus products, and we are excited to support their future growth.”