N.B. Handy Company

IOP Fund IV

Acquisition Date:May 2022
Status:Current
Headquarters:Lynchburg, VA
Add-on Acquisitions:

2023 – 4M Metals
Seeking acquisitions

Description

N.B. Handy is a building products distributor specializing in HVAC products, architectural metal roofing and machinery, with vertically integrated fabrication operations for select products. The company has been in operation for over 130 years and serves the commercial and residential markets in the Southeast and Mid-Atlantic regions through its 21 locations in 6 states.

Operating Thesis

Provide support to existing management team as company transitions from family ownership to private equity backing.

Create fundamental improvement in operating performance:

  • Continue targeted vertical integration and value-added services strategies
  • Optimize operational footprint and product portfolio
  • Pursue geographic and product-focused growth opportunities
N.B. Handy Company