NEFCO Announces Strategic Partnership with Equity Firm
NEFCO has entered a strategic partnership with Leonard Green & Partners, L.P., a private equity firm known for partnering with experienced management teams to grow market-leading businesses.
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The partnership supports NEFCO’s long-term growth strategy and builds on the company’s strong momentum driven by organic growth, continued investment in people and infrastructure, and a disciplined acquisition approach across the specialty construction supply industry.
“NEFCO has always been built with a long-term vision and a commitment to doing things the right way,” said Matthew Gelles, president and CEO of NEFCO. “We are deeply grateful to Bertram Capital, who have been extraordinary partners over the past several years and instrumental in helping us accelerate our growth and build the foundation we are scaling today. As we enter our next chapter, LGP brings the experience, resources, and shared values that will help propel our continued expansion while preserving the culture that has made NEFCO special. We’re excited to partner with a firm that believes in our people, our mission, and the durable platform we are building for the future.”
The partnership with LGP follows a highly successful period of growth supported by Bertram Capital, during which NEFCO expanded its national footprint, strengthened its value-added service capabilities, and invested meaningfully in its people and operations.
“NEFCO’s success reflects a rare combination of a strong performance-driven culture, a deep commitment to customer service, and differentiated product capabilities,” said Kevin Yamashita, partner at Bertram Capital. “By building on that foundation through targeted investments in people, operations, and strategic expansion, NEFCO leadership has transformed the business into a scaled, national platform and achieved an outstanding outcome.”
LGP will partner with NEFCO to accelerate growth in key markets, build on its differentiated capabilities, and pursue strategic initiatives that enhance the company’s long-term value creation.
“We are thrilled to be entering into a partnership with the exceptional team at NEFCO,” said Jonathan Seiffer, senior partner at LGP. “We invest in companies that win with people, have a differentiated culture, and are market leaders with multiple ways to grow – and NEFCO is a perfect example. The company’s customer-first mission and employee-centric values strongly align with what we believe in at LGP. We have admired NEFCO for a long time and are excited to partner with the Gelles family, the NEFCO leadership team, and its broad base of employees to support the next phase of the company’s growth and success.”
NEFCO will continue to operate as usual, maintaining its focus on delivering speed, service, and local expertise to contractors across every jobsite it serves.
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