Everflow Supplies Lands Investment from Affiliates of Paceline Equity

Everflow Supplies has announced a meaningful equity investment from affiliates of Paceline Equity Partners, a Dallas-based investment fund. Terms of the transaction were not disclosed.

The Company also announced that Andrew Pacifico, a seasoned executive with over 15 years of leadership experience in operations, growth strategy and strategic initiatives in the wholesale distribution channel has been appointed chief executive officer.

David Templer, Everflow’s founder, will maintain a meaningful stake in the business and serve as chairman and president of strategic projects.

Founded in 2000 and headquartered in Carteret, New Jersey, Everflow is a wholesale distributor of fittings, water supply products, valves, pipes, and fixtures with more than 20,000 SKUs. The Company serves a broad customer base spanning end-markets across plumbing, HVAC, industrial, fire protection, and energy.

Last year, Everflow acquired SPP, a distributor of fixtures, valves, and fittings serving wholesalers and OEMs across the electrical and mechanical, fire protection, and energy end-markets. The acquisition of SPP complemented Everflow’s brand portfolio and significantly strengthened the company’s end-market diversification and operational footprint. Today, the consolidated Everflow platform operates seven distribution centers strategically located in New Jersey, Texas, Georgia, Illinois and Oklahoma.

“Everflow has distinguished itself as a leader in the plumbing and industrial supply markets through an unwavering commitment to integrity, customer service, and product excellence, and we are pleased to support its future growth,” said Sam Loughlin, chief executive officer at Paceline.

Leigh Sansone, chief investment officer at Paceline, added, “The Paceline team has significant experience and a history of success in the building products industry. We look forward to leveraging our prior expertise and long-standing industry relationships to help support Everflow’s continued growth.”

Most recently, Pacifico served as president of Fortiline Waterworks, a market-leading wholesale distributor of underground waterworks infrastructure products and subsidiary of Reece USA.