Precision Piping
Deal News | Jun 18, 2025 | Reed Smith
Global law firm Reed Smith has played a critical advisory role in the acquisition of Precision Piping Products, LLC by Tico Capital Partners and 7 Seas Capital. While the specific terms of the deal remain undisclosed, the acquisition was a joint effort spearheaded by Reed Smith's private equity partners Christopher Maxwell and Elliot Franklin. Based in Houston, Precision Piping Products operates as a key supplier of protective and preservation products used in a variety of industries including oil and gas, aerospace, and power generation.
Sectors
- Manufacturing
- Private Equity
- Legal Services
Geography
- United States – Precision Piping Products is based in Houston, Texas.
Industry
- Manufacturing – Precision Piping Products is a manufacturer of protective and preservation products.
- Private Equity – Involves the acquisition of Precision Piping Products by Tico Capital Partners and 7 Seas Capital.
- Legal Services – Reed Smith, a global law firm, advised on the acquisition deal.
Financials
- Undisclosed – The terms of the deal were not publicly disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Precision Piping Products, LLC | Target Company | Company | A Houston-based manufacturer of protective and preservation products. |
| Tico Capital Partners | Bidding Company/Buyer | Company | A private equity firm acquiring Precision Piping Products. |
| 7 Seas Capital | Bidding Company/Buyer | Company | A private equity firm involved in the joint acquisition of Precision Piping Products. |
| Reed Smith | Legal Advisor | Company | Global law firm advising on the acquisition deal. |
| Christopher Maxwell | Private Equity Partner | Person | Led the Reed Smith deal team on the acquisition. |
| Elliot Franklin | Private Equity Partner | Person | Led the Reed Smith deal team on the acquisition. |