Rock Hill Capital Group has announced that it has completed a majority recapitalization of LQC Pipe and Supply, LLC, which is a Houston-based wholesale distribution business providing pipes, valves and fittings to midstream and downstream end-users.
LQC was founded in 2008 by Frank “Skip” Spinale and in 2012, his business partner, Tim Rodabough, joined the Company. LQC inventories and distributes carbon steel, stainless steel and special alloy products which are applicable to nearly all natural gas related infrastructure projects and downstream turnaround projects.
“We knew through prior experience it was time to bring in a financial partner to achieve our growth initiatives and to properly serve our customers given the large amount of work in front of us. Rock Hill is the perfect partner to help LQC achieve the Company’s next chapter of growth,” said Tim Rodabough.
Rock Hill Capital, founded in 2007 and headquartered in Houston, Texas, is a private equity firm that invests in small-to-lower middle market companies located in the South and Southeast U.S.