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PillarFour Capital Announces Investment in Alexander Tubular LP
December 8, 2023, Calgary, Alberta
PillarFour Capital Partners (“PillarFour”), an energy-focused private investment fund, is pleased to announce an investment in Alexander Tubular LP (“Alexander” or the “Company”).
Alexander is based in Edmonton, Alberta and will develop and manufacture High-Density Polyethylene Pipe (“HDPE”) for the growing North American market. HDPE pipe is a product that is applicable in numerous industries and offers a more cost effective, sustainable, and durable solution compared to PVC, steel and concrete pipe. In addition to meeting the growing demand for HDPE pipe in the current market, Alexander plans on expanding its addressable market by offering larger diameter pipe sizes.
Partnering on the investment is a pipe distribution company that PillarFour has a long-standing relationship with as well as the Alexander Business Centre LP, a limited partnership that acts on behalf of the Alexander First Nation to develop investment opportunities for this First Nation group that is based in the Heartland region of Alberta.
“We are pleased to be partnering with an experienced management team and an aligned group of investors that are motivated to grow a leading North American HDPE pipe manufacturing business” said Matt Colucci, Managing Partner at PillarFour. “We look forward to partnering with the Alexander team and assisting them in their growth efforts.” In connection with this investment, Matt Colucci of PillarFour has been appointed as a member of the board of directors of Alexander.
Tony Quinlan, Chief Executive Officer of Alexander commented, “We are very pleased to be partnering with the PillarFour team as we raise growth capital to develop our business. PillarFour’s network and expertise in the pipe technology and energy sectors will be vital as we continue to service the growing demand from our customers and execute our growth strategy.”
About PillarFour Capital
PillarFour Capital is a global investment fund with offices in Calgary, Canada and London, UK. PillarFour invests in Sustainable, Energy Technology and Innovation Companies, targeting investment in companies with high ROIC, low capital intensity and commercial technologies aimed at enhancing sustainability and lowering carbon intensity in the oilfield. The PillarFour investment team is made up of dedicated energy and technology professionals, offering our investee companies decades of operational, financial, strategic planning and capital markets expertise. We partner with high quality management teams, putting in place strategies that maximize value creation by emphasizing operational excellence, prudent governance and social license. www.pillarfourcapital.com
For more information, please contact:
PillarFour Capital Partners Inc.
Calgary: +1 (587) 349 2825
London: +44 (0) 20 7316 3164
E-mail: info@pillarfourcapital.com