Daily News: August 10, 2018

Gibraltar Closes $1.5MM L/C for Lehr Holdings


Gibraltar closed a $1.5 million line of credit facility for Lehr Holdings.

Gibraltar worked with Lehr’s management and its financial sponsor to refinance an existing facility and provide additional working capital flexibility moving forward. The liquidity and flexibility subsequently place Lehr in a stronger position to execute on its current growth and operational enhancement initiatives.

Located in Stanley, NC, Lehr Holdings manufactures propane-powered products for the marine, lawn and garden and industrial floor care markets.