Lavelle Industries
Lavelle Industries, Inc.
Fund: I
Investment Date: November 1993
Exit Date: December 1998
Headquarters: Burlington, Wisconsin
Lavelle Industries, Inc. (“Lavelle”), headquartered in Burlington, Wisconsin, is a leading manufacturer of rubber plumbing replacement parts, selling these products to plumbing wholesalers and large hardware retailers such as Home Depot and Ace Hardware. Lavelle also manufactures a wide variety of mechanical rubber parts, which it custom designs for OEM end users in a wide variety of industries.
Merit provided subordinated debt with warrants to finance the recapitalization.