ORIX Mezzanine & Private Equity said Wednesday that it has made an undisclosed investment in L&S Mechanical. The transaction was conducted in partnership with Bounds Equity Partners and L&S management. L&S’s CEO Thomas Mozjesik will remain in his position and continue to hold an ownership stake in the company. Based in Richardson, Texas, L&S is a plumbing service company.
DALLAS–(BUSINESS WIRE)–ORIX Mezzanine & Private Equity (“OMPE”) announced today a subordinated debt, preferred equity and common equity investment in L&S Mechanical, LLC (“L&S”) in partnership with Bounds Equity Partners, LLC (“BEP”) and L&S management. L&S’s CEO, Thomas Mozjesik, will continue to run the company along with his existing senior management team and will hold a substantial ownership position in the company. Based in Richardson, Texas, L&S is the largest plumbing service company specializing in new, single-family residential construction in the Texas and Oklahoma markets. The company serves leading national and regional homebuilders through five locations, including Dallas/Ft. Worth, Houston, San Antonio, and Oklahoma City.
Jeff Sangalis, Managing Director of ORIX Mezzanine & Private Equity, said, “We are excited to invest once again with Mark Bounds and the BEP team. They are an experienced sponsor that understands the building products space well. L&S, with its seasoned management team, long-standing customer relationships and leading position in key Texas housing markets, is well-positioned for future growth.”
Mark Bounds, Managing Director at BEP, also commented, “We are pleased to have OMPE as our partner in the L&S investment. Its investment experience and familiarity with the industry is beneficial as we continue to grow L&S’s business.”
About ORIX Mezzanine & Private Equity Investments
ORIX Mezzanine & Private Equity, a business unit of Dallas-based ORIX USA, provides mezzanine debt and/or private equity capital to lower middle market and middle market companies throughout the United States. Investments of $5-25 million are made in a variety of businesses and geographic areas for buyouts, mergers and acquisitions, recapitalizations and refinancings, and growth and expansion situations. Investments are with companies owned by equity sponsor groups, companies with fundless sponsor involvement, family-owned companies, and directly with management teams.
If you are interested in learning more about ORIX’s value-added mezzanine and private equity products, please visit www.orixmezzanine.com or www.orixmpe.com.