Monday, September 29, 2014
Solis Capital Partners (Newport Beach, Calif.) a private equity firm, has made an investment in LEHR LLC, an award-winning provider of environmentally friendly propane-powered products and tools. Founded in 2007 and headquartered in Los Angeles, LEHR produces a line of propane-fueled marine outboard engines in a variety of low-horsepower configurations, in addition to lawn and garden tools.
“LEHR is an exciting investment for us,” said David Lubeck, managing director and founder of Solis Capital. “Not only does LEHR have exceptional and innovative products, but it has a highly experienced management team with the desire and capability to grow the existing business and expand the technology.”
“Partnering with Solis is a significant step in LEHR’s evolution,” said Bernardo Herzer, founder and CEO at LEHR. “Solis brings valuable experience and strategic financial resources that will help realize the global potential for our award-winning, patented products and technology. The world is demanding environmental awareness and green solutions. We address this by delivering cleaner, greener, and more reliable alternatives, with significant economic benefits to the customer.”
“LEHR is an exciting investment for us,” said David Lubeck, managing director and founder of Solis Capital. “Not only does LEHR have exceptional and innovative products, but it has a highly experienced management team with the desire and capability to grow the existing business and expand the technology.”
“Partnering with Solis is a significant step in LEHR’s evolution,” said Bernardo Herzer, founder and CEO at LEHR. “Solis brings valuable experience and strategic financial resources that will help realize the global potential for our award-winning, patented products and technology. The world is demanding environmental awareness and green solutions. We address this by delivering cleaner, greener, and more reliable alternatives, with significant economic benefits to the customer.”
