Featured image courtesy of Lehman Pipe and Supply, Inc. website

Private equity firm Rotunda Capital Partners has invested in Lehman Pipe and Supply Inc.

Terms of the transaction were not disclosed.

Miami, FL-based PVF distributor Lehman Pipe and Supply serves South and Southwest Florida, Caribbean and Latin American markets. The company operates from a 100,000-square-foot facility in Miami with additional branches located in Ft. Myers and Pompano.

“With additional resources and support, we will be able to grow our current footprint, expand our product offering for our existing customers and execute our strategic acquisition strategy,” Lehman CEO Josh Aberman said in a Sept. 4 news release. “Rotunda shares our focused vision of a broad product offering and unmatched service for our customers, and we look forward to working with the Rotunda team to execute our growth strategy.”

Lehman serves over 2,300 domestic customers and 450 international customers with a selection of more than 10,000 SKUs.

“Over the last decade we have grown organically to become a dominant PVF distributor in Southern Florida,” Lehman Board Member and Strategic Advisor Dennis Lehman said. “After an exhaustive search, it was clear that Rotunda was the right partner for this next phase of growth. Rotunda truly understands our business, our heritage and our dedication to unparalleled customer service and we believe will provide the expertise and guidance to help the company achieve its full potential.”

John Posey will assume the position of Executive Chairman of Lehman, as part of the transaction. Prior to this role, Posey ran operations in the Northeast for US LBM, and before this position he was a senior executive at Ferguson.