An investment affiliate of J.F. Lehman & Co. LLC bought Inland Pipe Rehabilitation LLC for an undisclosed price.
Inland offers trenchless pipe rehabilitation services and technology to the municipal wastewater and stormwater sectors.
J.F. Lehman & Co. is a middle-market investment firm injecting capital into aerospace, defense, maritime, government and environmental companies.
Monroe Capital LLC provided debt financing for the acquisition. Jones Day acted as legal adviser to J.F. Lehman & Co. Houlihan Lokey was financial adviser to Inland, while Jaffe Raitt Heuer & Weiss was its legal counsel.