Valesco announced it closed its sixth platform investment in Valesco Fund III. Headquartered in Houston, TX, Nipples, Elbows & Couplings, Inc. is a leading manufacturer of PVC-coated electrical conduit and fittings for infrastructure projects including wastewater, midstream energy, and datacenter end-markets. NEC’s proprietary “BlackGuard” coating protects critical infrastructure in corrosive environments, with the Company establishing its premium brand on product reliability, competitive lead-times, and customer service.

Valesco looks forward to working with NEC’s management team through the next stage of growth in the PVC-coated conduit market. “The NEC leadership team is very excited for Valesco’s investment in our Company”, shared NEC Founder & CEO Steve Osborne. “NEC has bold growth aspirations, and we feel that the Valesco team is a perfect partner for this stage of our growth.”

Read full press release here.