has been recapitalized by
Lehman Pipe is a leading PVF distributor to commercial HVAC and plumbing contractors.
Lehman Pipe and Supply, Inc.
Type
M&A Sell-Side
Description
Croft & Bender is proud to announce the successful recapitalization of Lehman Pipe and Supply, Inc. by Rotunda Capital Partners. With this partnership, Lehman Pipe and Supply, a leading distributor of pipes, valves, and fittings ("PVF") and ancillary products, is poised for continued growth under the leadership of CEO Dennis Lehman.
has been recapitalized by
Lehman Pipe is a leading PVF distributor to commercial HVAC and plumbing contractors.
About
Lehman Pipe and Supply, Inc. ("Lehman Pipe" or the "Company") is a market-leading distributor of industrial pipe, valves, and fittings ("PVF") and ancillary products to commercial HVAC and plumbing contractors in the South and Southwest Florida, Caribbean, and Latin American markets.Situation
Lehman Pipe engaged Croft & Bender to help the Company find a partner to provide shareholder liquidity and support the Company's continued growth. Croft & Bender worked with the Company to develop marketing materials, build a financial model, conduct management presentations, manage the diligence process, and negotiate with potential buyers.
Result
Croft & Bender successfully negotiated a recapitalization with Rotunda Capital Partners.