Process Piping Materials and Venture Pipe & Supply Announce Strategic Merger to Form ProVen Supply
CHESTERFIELD, MO, 3 April 2026 — Process Piping Materials and Venture Pipe & Supply today announced a strategic merger to form ProVen Supply, a unified company designed to deliver expanded capabilities, deeper inventory, and enhanced service to customers across the industrial piping sector.
Both companies are wholly owned subsidiaries of Federal Steel, a portfolio company of Westbridge Capital. The merger reflects a strategic move to integrate capabilities, unlock operational synergies, and strengthen market positioning under a single platform.
The merger brings together two highly complementary businesses with strong track records in supplying pipe, valves, fittings, and related materials to a wide range of industries including energy, infrastructure, manufacturing, and construction.
By combining their expertise, supply networks, and customer relationships, ProVen Supply is positioned to become a more agile, resilient, and customer-focused partner.
“This merger represents a significant step forward for both organizations,” said Jeret Higgs, General Manager of ProVen Supply. “Together, we are creating a stronger platform that allows us to serve our customers with greater efficiency, broader product availability, and the same trusted relationships they rely on.”
“Bringing Process Piping Materials and Venture Pipe together under ProVen Supply is a strategic step in scaling our platform and deepening our market leadership in an increasingly complex and demanding market,” said Scott Harriis, CEO of Federal Steel. “By integrating operations and aligning capabilities, we are enhancing our ability to deliver dependable supply and expand into new markets.”
“At Westbridge Capital, we back platforms with the potential to scale and lead in their sectors,” said Mike Meekins, CEO of Westbridge Capital. “The formation of ProVen Supply strengthens the foundation for sustained growth, operational excellence, and value creation.
About Process Piping Materials
Process Piping Materials (PPM) is a pipe, valves, and fittings supply company servicing the oil and gas industry. Its corporate office is located in Lafayette, LA and additional locations in Permian Basin and Eagle Ford Shale. PPM specializes in supplying materials to the Upstream, Midstream, and Downstream energy markets.
About Venture Pipe & Supply
Founded in 1989 in Lindsay, Oklahoma, Venture Pipe & Supply has built a reputation for providing top-quality oil field supplies, installations, and services to major and independent energy companies alike. On October 31, 2024, Venture Pipe & Supply joined forces with Federal Steel Supply, a global leader in steel distribution, further enhancing its ability to meet the needs of the energy industry.
About Federal Steel Supply
Federal Steel Supply (FSS) is one of the largest stocking distributors of large diameter, heavy-walled carbon steel and chrome-moly tubular products in the United States. FSS specializes in steel pipe meant for use in extreme temperature and pressure applications. Supplying multiple grades of pipe covered by ASTM, ASME, and API specifications, the company services various industries world-wide, such as power generation, oil and gas, and various fabricators and manufacturers..
About Westbridge Capital
Westbridge Capital is a Canadian private equity firm. Westbridge Capital focuses on private equity investments that by their nature have little correlation to publicly listed securities and may be used to diversify a portfolio and reduce overall portfolio risk and volatility.
