ORIX NEWSROOM

ORIX Mezzanine & Private Equity Invests in L&S Mechanical LLC

ORIX Mezzanine and Private Equity (“OMPE”) announced today a subordinated debt, preferred equity and common equity investment in L&S Mechanical, LLC (“L&S”) in partnership with Bounds Equity Partners, LLC (“BEP”) and L&S management. L&S’s CEO, Thomas Mozjesik, will continue to run the company along with his existing senior management team and will hold a substantial ownership position in the company.  Based in Richardson, Texas, L&S is the largest plumbing service company specializing in new, single-family residential construction in the Texas and Oklahoma markets.  The company serves leading national and regional homebuilders through five locations, including Dallas/Ft. Worth, Houston, San Antonio, and Oklahoma City.

Jeff Sangalis, Managing Director of ORIX Mezzanine and Private Equity said, “We are excited to invest once again with Mark Bounds and the BEP team.  They are an experienced sponsor that understands the building products space well.  L&S, with its seasoned management team, long-standing customer relationships and leading position in key Texas housing markets, is well-positioned for future growth.”

Mark Bounds, Managing Director at BEP, also commented, “We are pleased to have OMPE as our partner in the L&S investment.  Its investment experience and familiarity with the industry is beneficial as we continue to grow L&S’s business.”