McNICHOLS CO., one of the nation’s leading suppliers of Specialty Metals and Fiberglass products, announced today they have partnered with One Equity Partners (OEP), a middle-market private equity firm focused on investments in the industrial, healthcare, and technology sectors. This new relationship represents a significant milestone in the Company's history.
Founded in 1952 by Robert L. "Bob" McNichols, McNICHOLS CO. has grown from a small family business into a thriving industry leader supplying Perforated and Expanded Metals, Wire Mesh, and Gratings. Bob McNichols, a World War II veteran and hero, established the Company on a Christian foundation with a commitment to service and quality. These values continue to guide the organization today under the leadership of third-generation family member President and CEO, Scott McNichols. The Company operates 19 metals service centers across the United States, ensuring fast and efficient service to its customers, a testament to its sophisticated logistics network and dedicated associates, known as the "Hole Team".
OEP's contribution will enable McNICHOLS to leverage the firm's resources to enhance its service capabilities and accelerate growth. "We are excited to partner with OEP as we continue to build upon my grandfather's legacy and execute on our shared vision for the next chapter of McNICHOLS' growth," said Scott McNichols. "OEP has a deep appreciation for McNICHOLS' history and is committed to building on our strong, customer-centric culture and preserving our core values and the Hole Team’s desire to completely satisfy every customer we are blessed to serve. Our Chairman, Gene McNichols, who has been blessed to be part of the team for over 59 years, is grateful for our faithful customers and associates who helped build McNICHOLS into one of America’s leaders in "Hole Products". He is now honored to accept the title of Chairman Emeritus and our family joins him in thanking the Hole Team for their tireless commitment to Providing Hole Products Through Superior Service, Quality and Performance…That's The Hole Story®!"
Financial terms of the private transaction were not disclosed.
https://www.mcnichols.com/about-us/newswire/mcnichols-announces-partnership-with-one-equity-partners
