Paceline Acquires Everflow

Everflow Supplies, a distributor of plumbing, electrical, fire control, and industrial products, has been acquired by Paceline Equity Partners.

Everflow is a national master distributor of more than 20,000 SKUs of fittings, valves, pipes, fixtures, and water supply products used across the plumbing, HVAC, industrial, and energy sectors. Everflow is headquartered near Newark in Carteret, New Jersey, and operates seven distribution centers in New Jersey, Texas, Georgia, Illinois, and Oklahoma.

In tandem with the acquisition of the company by Paceline, Andrew Pacifico has been named as the company’s new chief executive officer. Mr. Pacifico has more than 15 years of experience in operations, growth strategy, and corporate finance across plumbing, HVAC, and waterworks distribution. Most recently, he was the president of Fortiline Waterworks, a North Carolina-based provider of water, sewer and storm drainage systems and equipment and a subsidiary of Reece USA.

Everflow was founded in 2000 by CEO David Templer, who now becomes the company’s chairman and president of strategic projects.

“I am immensely proud of what we have accomplished at Everflow over the past 25 years,” said Mr. Templer. “From our roots as a regional supplier to becoming a national player with more than 350 employees, we have always sought to grow with a focus on integrity, service and selling the highest quality products. In Paceline, we identified a financial investor with a strategic mindset sharing our values and commitment to excellence with a strong track record in helping businesses scale responsibly, invest in innovation, and achieve their business objectives.”

In 2024, the company acquired SPP Products, a Texas-based master distributor serving the electrical, fire protection, and mechanical OEM segments, which expanded and diversified its market reach.

“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, the chief executive officer of Paceline. “Under David’s leadership, Everflow has developed a robust and diversified network and a highly strategic distribution channel that positions the Company to thrive in the current environment and beyond. We are excited to work closely with Everflow’s talented team to accelerate the exciting initiatives already underway.”

“Everflow has established itself as a true leader in the plumbing and industrial supply industries, with strong values rooted in exceptional service and high-quality products,” said Mr. Pacifico. “I am honored to build on the strong foundation David started a quarter century ago, and I look forward to working with Everflow’s talented team alongside Paceline to continue creating lasting value for all stakeholders.”

Paceline invests in value-oriented and special situations investments across real assets, corporate debt, and private equity. The firm invests in companies with a minimum of $25 million in revenue and $5 million in EBITDA, particularly in sectors such as building products, construction, real estate, and industrials.

“The Paceline team has significant experience and a history of success in the building products industry,” said Leigh Sansone, the chief investment officer of Paceline. “We look forward to leveraging our prior expertise and long-standing industry relationships to help support Everflow’s continued growth. Further, we are excited to welcome an executive of Andrew’s caliber to the Company. His deep experience in this industry and strategic vision will be invaluable as Everflow continues to scale and position itself as the partner of choice across the critical end markets it serves.”

Dallas-headquartered Paceline was formed in September 2018 by former members of the senior leadership team of Lone Star Funds.

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