N.B. Handy Company
IOP Fund IV
Acquisition Date: | May 2022 |
Status: | Current |
Headquarters: | Lynchburg, VA |
Add-on Acquisitions: | 2023 – 4M Metals |
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