Inland

Inland Pipe Rehabilitation Announces the Acquisition of Murphy Pipeline Contractors

NEW YORK, Oct. 1, 2020 /PRNewswire/ — Inland Pipe Rehabilitation (“IPR”), a portfolio company of an investment affiliate of J.F. Lehman & Company (“JFLCO”), announced today the completion of the acquisition of Murphy Pipeline Contractors (“Murphy”).

J.F. Lehman & Company logo. (PRNewsFoto/J.F. Lehman & Company) (PRNewsfoto/J.F. Lehman & Company)
J.F. Lehman & Company logo. (PRNewsFoto/J.F. Lehman & Company) (PRNewsfoto/J.F. Lehman & Company)

Founded in 1973, IPR is a leading provider of trenchless pipe rehabilitation solutions and technology to the municipal wastewater and storm water markets. The company’s technologies and services provide government customers with minimally disruptive, cost-effective solutions to manage aging underground pipe infrastructure.

Murphy Pipeline Contractors provides unique trenchless rehabilitation solutions for the municipal potable water and wastewater markets. With a 21-year track record of success, Murphy provides its customers with specialized capabilities, including its branded CompressionFit solution and pre-chlorinated pipe bursting.

Rob McCrae, Chief Executive Officer of IPR, commented, “We are excited to partner with the Murphy team and provide our customers with a combined set of capabilities unmatched across our industry. The business is highly-complementary to our existing operations, and we are excited to welcome the Murphy team to IPR.”

Andy Mayer, Founder and President of Murphy, added “IPR is the ideal partner for Murphy as we continue to bring our capabilities across the United States. Our shared commitment to technology leadership will allow the combined company to best serve our customers’ needs.”

“This is a unique opportunity to combine IPR’s strength in the wastewater and storm water markets with Murphy’s potable water expertise,” said Glenn Shor, Chairman of IPR and Partner at JFLCO. “This acquisition continues our strategy to support IPR’s industry leadership through organic initiatives and strategic M&A,” added David Thomas, Principal at JFLCO.

Shearman & Sterling and Jones Day provided legal counsel to IPR and JFLCO. BDO Capital Advisors served as

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Iowa Manufactured Homes Stand Up to ‘Inland Hurricane’ | Nation & World

DES MOINES and CEDAR RAPIDS, Iowa, Sept. 29, 2020 (SEND2PRESS NEWSWIRE) — One thing Iowans are familiar with is wild weather, says the Iowa Manufactured Homes Association (IMHA). Positioned in the heart of the Midwest, Iowa’s weather ranges from extreme cold and snow to temperatures in the triple digits. And let’s not forget tornadoes. Iowans see virtually everything mother nature can throw, but on August 10, 2020, the state was in for a record-setting weather incident.

What has been compared to an “Inland Hurricane,” a ferocious storm called a derecho swept across the state with winds equal to a Category 2 hurricane, taking down 100-year-old oak trees, stripping homes of roofs, destroying business complexes and more. But through it all, Iowa’s manufactured homes, generally perceived an easy target for wind and storm damage, stood up to the derecho.

“We’re blessed to say the least,” said Troy Hames, General Manager and VP of Sales for Hames Homes. “But, honestly, we’re not surprised.”

Cedar Rapids, Iowa, where Hames manages three manufactured home developments totaling over 900 units, seemed to suffer the worst from Iowa’s derecho. Striking an area with a population of just over 130,000, the damage was overwhelming. Businesses saw structural damage to buildings and signage. Parks and rural areas lost up to 80% of their trees, and thousands of acres of crops will need to be plowed under. Residential areas seemed to fare the worst. Over a month later, many residents are still cleaning up fallen trees and thrown debris. But Hames’ communities, along with other manufactured home communities throughout the state, saw comparatively little damage.

While common perceptions of manufactured homes would lead one to think hurricane force winds would be catastrophic, reality and the recent derecho proved otherwise. Out of Hames’ 900+ units, only three (3) were damaged

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