The Beringer Group is pleased to announce that our client, L&B Pipe & Supply Co., Inc. have finalized the sale of their company to The Reece Group (Morsco). The Beringer Group acted as exclusive financial advisor to L&B Pipe & Supply Co., Inc.
L&B Pipe & Supply has one location in Torrance, CA. L&B Pipe & Supply that serves contractors and home owners in the Los Angeles, California markets with plumbing, remodeling, maintenance and repair products.
“We are very happy to have worked with Bob Grosher and Lynn Craig on their successful exit to a family business that was started more than 40 years ago by Bob and Lynn. Bob and Lynn met in High School and have continued their relationship in their business, and now into retirement. We are very excited to know that Bob and Lynn will enjoy their retirement from L&B Pipe & Supply Co., Inc. enjoying golf, family, and coaching together,” said Brad Williams, Vice President at The Beringer Group. “It was truly a pleasure assisting the Bob and Lynn in the transitioning of their family business.”