News Release
October 08, 2024
Croft & Bender Advises Lehman Pipe and Supply
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.