• Valesco Industries closed its sixth platform investment in Fund III with a control recapitalization of Nipples, Elbows & Couplings (NEC), a Houston-based manufacturer of PVC-coated electrical conduit and fittings used in infrastructure projects.
• NEC markets its proprietary BlackGuard coating for corrosion protection, supplying end-markets including wastewater, midstream energy, and data centers.
• Financing included subordinated debt provided by Valesco, Hidden River Strategic Capital, and GMB Capital Partners.
• A senior term loan and revolver were provided by a senior lender that also invests in Valesco Fund III.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Valesco Industries Inc published the original content used to generate this news brief on May 15, 2026, and is solely responsible for the information contained therein.