Burbank-based Repipe Specialists has been acquired.Â
Gryphon Investors, a San Francisco-based middle-market private equity firm, has bought the company in partnership with Repipe’s owner and founder Jeff Butler, who will remain a significant shareholder. Financial terms of the transaction were not disclosed.Â
Founded in 1991, Repipe is a home services company that gives lead generation, customer qualification, sold projects, training and billings to plumbing companies providing re-piping services for single and multifamily customers. Repipe increases the revenues of its plumbing partners by focusing on non-plumbing aspects of the projects to enable them to focus on their core competencies.Â
Repipe works as a marketing agency for plumbers in 10 states currently and plans to expand into additional regions under its partnership with Gryphon.Â
“I am excited to team with Gryphon, which has a long and successful history of working with family and founder-owned companies,” Butler said in a statement. “Gryphon’s excellent operating and financial resources will support us as we maintain the highest quality standards for our customers.” Â
Added Jeff Rogers, managing director in Gryphon’s Operations Resources Group: “We are delighted to join forces with Jeff and the Repipe team to invest behind a multitude of growth opportunities.”Â