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Case Study

Tulsa Centerless

Industry: Manufacturing
Tulsa Centerless Logo

Livingstone is pleased to announce the sale of Keidel Supply (“Keidel” or the “Company”) to Winsupply Inc. (“Winsupply”). Livingstone acted as the exclusive financial advisor to the Company. The transaction closed in October 2023, and its terms were not disclosed


Keidel engaged Livingstone to run a sale process to identify and secure a transaction with the best strategic partner that shared the Company’s commitment to delivering value to its suppliers and customers. Mike Barton, CEO of Keidel, said, “We are thrilled to have found a world-class partner
in Winsupply to carry on Keidel’s legacy. I am extremely pleased with the first-class representation we received from Livingstone. They crafted a tailored transaction process and generated interest from the right strategic buyers. They managed every step of the process, yielding an exceptional result.


Founded in 1911 and based in Cincinnati, Ohio, Keidel is a premier plumbing, cabinetry, lighting, appliance, and commercial pipe, valve, and fitting distributor with two locations in Ohio. The Company serves the needs of Greater Cincinnati residential and commercial plumbing contractors, builders, remodelers, and homeowners.


Headquartered in Dayton, Ohio, and founded in 1956, Winsupply is one of America’s leading suppliers of materials for residential and commercial construction. Contractors across America rely on Winsupply to provide business solutions and materials in plumbing and heating; hydronics; pipes, valves, and fittings; HVAC and refrigeration; electrical; fastening hardware; waterworks and utility; pumps; turf irrigation and landscape; and fire system fabrication. Winsupply owns a majority equity stake in more than 660 local companies across the United States.

“The Waypoint team led us through their
proven sell-side process and was always
available to answer our questions.”

Evan Hudson
CEO and Former Owner
Tulsa Centerless

Compass Pointing North
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