Shields & Company is pleased to announce it advised Repipe Specialists on its partnership with Gryphon Investors.
Shields & Company is pleased to announce it advised Repipe Specialists, Inc. (“Repipe”) in its sale to Gryphon Investors (“Gryphon”). Founded in 1991 and headquartered in Burbank, CA, Repipe is a founder-owned business and is a leading home services company providing lead generation, customer qualification and sold projects for plumbing companies providing re-piping services for single-family, multi-family and warranty customers, with a reach that extends across the continental United States.
“I can’t say enough about the Shields team, their preparation, and process to help us find the right partner. We have all heard horror stories about the diligence process, but Chris, Darwin, and team made it so we had everything ready before we went to market, so we could focus on a limited number of key items. By trusting the process, we found a great partner in Gryphon that brings the external resources that we were seeking to complement what we have built at Repipe over the last 30 years. We are in a position to aggressively grow the company and that is due in large part to the Shields team’s senior-level attention and focus on finding the right partner for us.” said Jeff Butler, owner and CEO of Repipe.
Amanda Kalin, Gryphon Managing Director on the Heritage Fund team, said, “Repipe has 30 years of experience in providing compelling services to both homeowners and plumbing partners, resulting in a win-win for everyone involved. Repipe is a clear leader in its field, and we look forward to working with Jeff and the management team to accelerate the Company’s growth.”
“It was a pleasure working with Jeff Butler and the entire Repipe team. Jeff had a uniquely balanced view of where his company was, where he wanted it to be, and what it was going to take to get there. This allowed us to find the right partner to help Repipe evolve into a world-class organization. We couldn’t be happier for the entire Repipe and Gryphon teams and look forward to seeing what’s in store for this new partnership.” said Chris Nicholas, Managing Partner of Shields & Company.
“Repipe Specialists has done an exceptional job developing a unique residential services business model that is poised to accelerate service line growth and geographic expansion in partnership with the Gryphon Investors team,” said Darwin Olympia, a managing director with Shields & Co. “We look forward to following their continued success in this next chapter.”
Kipp Cohen from Blank Rome LLP served as Repipe’s legal advisor. Grant Thornton LLP provided sell-side accounting services to Repipe. Gryphon was advised by legal counsel Kirkland & Ellis LLP and financial advisor Moelis & Company.
Read more about the partnership here.