Lehman Pipe Announces Acquisition of Cole Industrial
Deal News | Jun 24, 2025 | Rotunda Capital Partners LLC
Lehman Pipe and Supply, LLC, a company under the portfolio of Rotunda Capital Partners, has acquired Cole Industrial, a notable player in the industrial distribution sector in Florida. The acquisition, characterized by both parties as a strategic partnership, aims at leveraging the complementary strengths of the two entities to enhance service offerings in industrial, commercial, plumbing, mechanical, and fire protection markets. Both companies emphasize a shared commitment to excellence, customer service, and operational efficiency, which they anticipate will lead to improved project cost efficiencies and expanded product offerings for customers. Following the acquisition, Cole Industrial will continue to operate under its brand name but will now serve as the industrial division of Lehman Pipe. The transaction marks an important step in Rotunda Capital's strategy of fostering growth in family-founder companies by transforming them into dynamic platforms. The leadership of both Lehman Pipe and Cole Industrial express optimism for the growth and opportunities the acquisition affords, focusing on maintaining high service standards and technology integration.
Sectors
- Industrial Distribution
- Private Equity
- Construction Infrastructure
Geography
- United States – Lehman Pipe and Cole Industrial operate primarily in the United States, with a focus on Florida, where both have established their market presence.
- Florida – The acquisition centered around companies operating in Florida, highlighting the state as a significant market for industrial distribution and construction supplies.
Industry
- Industrial Distribution – The acquisition of Cole Industrial by Lehman Pipe and Supply involves the industrial distribution sector, as both companies are involved in distributing industrial supplies and services.
- Private Equity – Rotunda Capital Partners, a private equity firm, is involved in facilitating and supporting Lehman Pipe's acquisition of Cole Industrial, aligning with its strategy to grow family-founder owned businesses.
- Construction Infrastructure – Lehman Pipe specializes in products and services for commercial construction, plumbing, and fire protection, which are key components in the infrastructure construction sector.
Financials
- Not specified – Financial terms of the acquisition were not disclosed in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Lehman Pipe and Supply, LLC | Acquirer | Company | A leading wholesale distributor specializing in pipe, valves, and fittings, focusing on commercial and industrial markets. |
| Rotunda Capital Partners LLC | Private Equity Firm | Company | An operationally focused private equity firm aiding in strategic acquisitions and growth of family-founder companies. |
| Cole Industrial | Target | Company | An established industrial distributor in Florida known for technical expertise and strong customer relationships. |
| Michael Torres | Former Owner | Person | Former owner of Cole Industrial, who expressed optimism about the new partnership with Lehman Pipe and Rotunda Capital. |
| Josh Aberman | CEO | Person | Chief Executive Officer of Lehman Pipe, overseeing the acquisition and integration of Cole Industrial. |