M&A Deal Summary

Rotunda Capital Partners Acquires Lehman

On September 4, 2024, private equity firm Rotunda Capital Partners acquired distribution company Lehman

Acquisition Highlights
  • This is Rotunda Capital Partners’ 5th transaction in the Distribution sector.
  • This is Rotunda Capital Partners’ 20th transaction in the United States.
  • This is Rotunda Capital Partners’ 2nd transaction in Florida.

M&A Deal Summary
Date 2024-09-04
Target Lehman
Sector Distribution
Buyer(s) Rotunda Capital Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Croft & Bender LP (Financial)

Target

Lehman

Miami, Florida, United States
Lehman distributes industrial pipe, valve fittings (PVF), and ancillary products to commercial HVAC and plumbing contractors in South and Southwest Florida, Caribbean, and Latin American markets. Lehman was formed in 1946 and is based in Miami, Florida.

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Buyer(S) 1

Buyer

Rotunda Capital Partners

Bethesda, Maryland, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
PE ASSETS 195M USD
Size Small
Type Sector Focused
DESCRIPTION

Rotunda Capital Partners is a private equity firm which invests equity and debt capital in established and profitable lower middle market companies. The Company targets businesses valued between $30 and $150 million with defensible market positions and strong growth prospects. Sectors of interest include financial services, business services, manufacturing, government services, insurance services, logistics and distribution, retail, and consumer. Rotunda Capital Partners is based in Bethesda, Maryland with an additional office in Chicago.

DEAL STATS #
Overall 20 of 21
Sector (Distribution) 5 of 5
Type (Buyout (LBO, MBO, MBI)) 9 of 9
State (Florida) 2 of 2
Country (United States) 20 of 21
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-21 Bron Tapes

Denver, Colorado, United States

Bron Tapes is a producer, converter, and distributor of pressure-sensitive tapes, adhesives, and innovative solutions in North America. With 11 production and distribution centers across the United States, the company provides more than 100 market applications for over 13,000 customers, in more than 50 countries, supporting a diverse end-market customer base including aerospace and defense, automotive, electronics, building and construction, medical, manufacturing, and more. Bron Tapes was formed in 1977 and is based in Denver, Colorado.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-10 Mama Lycha Foods

Houston, Texas, United States

Mama Lycha Foods is a company that specializes in the distribution of Hispanic food products across the United States. Mama Lycha Foods offer a wide range of traditional and authentic Latin American food products, including snacks, spices, sauces, canned goods, beverages, and more. Mama Lycha Foods was founded in 1993 and is based in Houston, Texas.

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