Focused on Bridge Preservation
A Specialized Partner for the Next Chapter of Your Business
We pursue investments in bridge maintenance and repair businesses, respecting owners’ legacies and supporting growth.
Building a Specialized Bridge-Preservation group
LMM Industrial Partners seeks to acquire and support founder- and family-owned businesses that maintain, repair, inspect, protect, and rehabilitate highway bridges.
We believe the nation’s aging bridge network creates a long-term need for specialized contractors with strong technical capabilities, experienced employees, established agency relationships, and a reputation for safe, dependable execution.
Our Approach to Owner Partnerships
Every owner’s circumstances are different. Our approach begins with understanding the owner’s objectives for the business, employees, and personal transition. We then seek to develop a transaction structure and post-closing plan aligned with those priorities.
- Respect what has been built - We recognize that a company’s reputation, workforce, customer relationships, and operating culture are often its most valuable assets.
- Maintain operating continuity - Our objective is to preserve the capabilities and relationships that drive the business while introducing change thoughtfully and selectively.
- Provide resources for growth - We intend to support management with capital, recruiting, financial planning, business development, bonding resources, and strategic acquisitions where appropriate.
- Align around the future - Owners and management teams who wish to remain involved may retain equity and participate in the company’s future growth.
A Transition Designed Around the Owner
We do not believe every owner transition should follow the same formula. The appropriate structure depends on the owner’s desired role, time horizon, financial objectives, and management succession plan.
Continue leading the company
Majority recapitalization with retained equity
Reduce day-to-day responsibilities
Phased transition to an expanded management team
Support family or management succession
Capital and organizational support for the next generation
Retire after closing
Defined transition period and leadership succession plan
Diversify wealth while retaining upside
Partial rollover alongside meaningful liquidity
Preserving Strengths While Supporting Growth
What we seek to preserve
- Company reputation and customer relationships
- Experienced employees and field leadership
- Safety and operating culture
- Local decision-making and market knowledge
- Technical capabilities and agency qualifications
Where we may provide support
- Leadership recruitment and development
- Financial reporting and planning
- Bonding and capital resources
- Business development
- Equipment and technology investment
- Strategic acquisitions
- Ownership and management succession
Experience Behind LMM Industrial Partners
Joshua Wolf, Managing Member
Joshua Wolf brings more than three decades of experience in finance and M&A, including eight years as a managing director at Cetane Associates, where he worked on 45 completed sell-side transactions. His experience includes advising business owners, structuring acquisitions, and developing debt and equity capital solutions.
Haggai Dror, Principal
Haggai Dror brings senior operating and strategic experience in U.S. civil infrastructure. His background includes executive leadership at Shikun & Binui’s U.S. infrastructure operations and involvement in the growth and development of major bridge and transportation businesses and projects.
Businesses We Are Seeking
We are primarily interested in established bridge-preservation businesses with specialized capabilities, strong customer relationships, experienced employees, and a record of safe, dependable execution.
- EBITDA: Generally $3 million or more
- Geography: United States
- Ownership: Founder-, family-, or management-owned
- Services: Bridge inspection, coatings/protective maintenance, structural repair, rehabilitation, or closely related civil infrastructure preservation work
- Customer base: State DOTs, municipalities, toll authorities, and prime contractors
- Capabilities: Relevant licenses, qualifications, technical expertise, safety record, and bonding history
- Transaction type: Control acquisitions, including transactions that provide owners with liquidity and an opportunity to retain equity
What to Expect
- Confidential introduction
We learn about the business and the owner’s personal and professional objectives. - Preliminary review
With the owner’s permission, we review limited financial and operating information to determine whether there may be a fit. - Partnership proposal
We outline our proposed valuation, transaction structure, financing approach, and expectations for the owner and management team. - Confirmatory diligence
We coordinate financial, legal, tax, insurance, and operational diligence while minimizing disruption to the business. - Closing and transition
We work toward an agreed closing and implement a transition plan based on the owners’ objectives and the business's needs.
A Disciplined Approach to Capital
LMMIP works with institutional equity investors, lenders, and transaction advisors to develop financing appropriate for each acquisition. We focus on opportunities where we believe we can assemble a credible capital structure and execute an efficient transaction process.
Considering the Future of Your Business?
Whether you are exploring a transaction or simply thinking about succession, we welcome a confidential, no-obligation conversation.
Joshua Wolf
Managing Member
(713) 494-4699