The Beringer Group is pleased to announce that our client, Steinhouse Supply Co. Inc., has entered into an agreement for the sale of the company to Southern Pipe of Meridian, Mississippi effective November 4th, 2019. Steinhouse Supply Co. Inc. was the oldest plumbing supply house in Nashville, Tennessee.
Steinhouse Supply Co. Inc., a family-owned and operated business for over 58 years, is a diversified wholesale distributor of plumbing supplies. Southern Pipe, also family-owned and operated since 1938 is one of the largest wholesalers of plumbing, heating, air-conditioning (HVAC), industrial, mechanical and waterworks materials in the country. This acquisition gives Steinhouse Supply Co. Inc. the advantages of being part of a larger company and access to additional product lines and services.
The Beringer Group was engaged in 2019 to explore transition options that would assure Steinhouse Supply and its employees’ future success. Beringer served as the exclusive consultant and financial advisor to the owners and operators throughout the process. “Our approach was to find the best partner for Lee, Jim, & John Steinhouse: and to allow for the continued success of the company and their employees,” commented Brad Williams, Vice President at The Beringer Group. “We are extremely excited for the Steinhouse Family as well as Jay Davidson and his family owned business, Southern Pipe.”