Bridgepoint Advises Bingham & Taylor on Its Sale to Charlotte Pipe and Foundry

Bridgepoint Investment Banking acted as the exclusive financial advisor to Virginia Industries on the sale of its 175-year-old subsidiary, Bingham & Taylor, to Charlotte Pipe and Foundry in conjunction with Neenah Foundry Company. Bingham & Taylor, renowned for its 100% American-made meter and valve access products for water and gas utilities, was highly attractive to Charlotte Pipe due to its strong brand reputation, established distribution network, and domestic manufacturing footprint. The transaction was executed rapidly—moving from indication of interest to close in just 45 days—resulting in a smooth transition and a strategic combination expected to leverage Bingham & Taylor's commercial strength with Charlotte Pipe's manufacturing expertise.