Key Takeaways
- • Bernhard Capital Partners has agreed to sell United WELD Holdings, parent company of EPIC Piping and BendTec, to One Equity Partners in a transaction expected to close by Q4 2026, with financial terms undisclosed.
- • EPIC Piping operates as a global leader in pipe fabrication and distribution serving critical infrastructure, energy, and industrial markets, established by Bernhard as a greenfield investment and scaled into one of the world's largest pure-play pipe fabrication platforms.
- • The acquisition of BendTec by EPIC expanded the platform's capabilities to include industry-leading induction bending, creating a more comprehensive service offering for customers globally.
- • EPIC CEO Remi Bonnecaze and Bernhard Partner and Chief Investment Officer Mark Spender characterized the sale as a milestone transaction, with Spender noting that pipe fabrication is "deeply rooted" in Bernhard's heritage and the company is "well positioned for continued success" under new ownership.
Summary
Bernhard Capital Partners, an infrastructure and services-focused private equity firm, announced the sale of United WELD Holdings—the parent company of EPIC Piping and BendTec—to One Equity Partners on July 16, 2026. The transaction is expected to close by the fourth quarter of 2026, subject to customary closing conditions and regulatory approvals. Financial terms of the deal were not disclosed.
EPIC Piping operates as a global leader in the pipe fabrication and distribution sector, serving critical infrastructure, energy, and industrial markets. Bernhard established EPIC as a greenfield investment and, working alongside management, built the company into one of the world's largest pure-play pipe fabrication platforms. The platform subsequently expanded its service capabilities through the strategic acquisition of BendTec, an induction bending specialist, enabling EPIC to offer customers a more comprehensive suite of pipe fabrication and bending solutions.
EPIC CEO Remi Bonnecaze expressed gratitude for Bernhard's partnership, stating that the investor provided "guidance, expertise and long-term support" from the company's inception and helped realize the original vision. Mark Spender, Bernhard Partner and Chief Investment Officer, characterized the sale as "a significant milestone" for the firm, noting that pipe fabrication represents a core competency rooted in Bernhard's operational heritage. Spender emphasized confidence in EPIC's long-term potential and credited the management team's accomplishments, positioning the company for sustained growth under One Equity Partners' ownership.
EPIC Piping operates as a global leader in the pipe fabrication and distribution sector, serving critical infrastructure, energy, and industrial markets. Bernhard established EPIC as a greenfield investment and, working alongside management, built the company into one of the world's largest pure-play pipe fabrication platforms. The platform subsequently expanded its service capabilities through the strategic acquisition of BendTec, an induction bending specialist, enabling EPIC to offer customers a more comprehensive suite of pipe fabrication and bending solutions.
EPIC CEO Remi Bonnecaze expressed gratitude for Bernhard's partnership, stating that the investor provided "guidance, expertise and long-term support" from the company's inception and helped realize the original vision. Mark Spender, Bernhard Partner and Chief Investment Officer, characterized the sale as "a significant milestone" for the firm, noting that pipe fabrication represents a core competency rooted in Bernhard's operational heritage. Spender emphasized confidence in EPIC's long-term potential and credited the management team's accomplishments, positioning the company for sustained growth under One Equity Partners' ownership.
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