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Pipes -- Private equity got there first [ClearOnMoney]
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Commentary

Pipes -- Private equity got there first

2 Jan 2012 by Jim Fickett.

I was going to skim a few annual reports from pipe manufacturers, to get an idea of what the sector is like, but found that there are no public companies specializing in pipes.

More precisely, I found several research reports that listed some of the major pipe companies, and I followed up on 32 companies specializing in plastic pipe (where most of the growth is). I found that 13 of them were highly diversified companies, with pipes being one of several specialties; 16 were private (either privately held standalone companies, or owned by a conglomerate not specializing in pipes); and 3 had other problems (bankrupt, no trustworthy information, very narrow focus).

Quite a few pipe companies have been taken private in the last couple years, so apparently a trend more or less ran to completion in 2012.

Perhaps there are some public companies specializing in pipe manufacturing that I failed to find but, even if so, the pickings must be pretty slim, so I don't see much sense in further pursuing the idea.