BURBANK, Calif., March 2, 2023 /PRNewswire/ — Repipe Specialists (“Repipe” or the “Company”), a leading home services company, announced that it has appointed Jay Teresi as CEO. Mr. Teresi succeeds Founder and President Jeff Butler, who will remain with the company as Vice Chairman. Repipe is a portfolio company of Gryphon Investors, a leading middle market private equity firm, through the Heritage Fund’s lower middle market strategy.
Mr. Butler said: “I’m delighted to bring Jay to our team. For many years I have searched for the right leader to take the baton from me and lead Repipe to future heights. Coupled with Gryphon’s continued support, Jay’s successful background in the industry will allow us to continue to provide significant value to our customers and plumbing partners while pursuing a variety of growth opportunities.
Amanda Kalin, Managing Director of Gryphon Heritage Fund said: “We are delighted to welcome Jay to Repipe. Repipe is a national leader poised for accelerated growth and Jay’s proven ability to complement the existing Repipe team and meet the needs of customers and contractors nationally will assist the company as it continues to scale and expand into new ones Markets help.”
Mr. Teresi has almost 25 years of experience in the home services and home improvement industry. He comes to Repipe having served as President and CEO of Louver Shop, a leading supplier of custom shutters, blinds and blinds. Prior to that, he spent 23 years at The Home Depot, most recently as General Manager of the Installation Services Division, where he successfully led growth in the United States. He has also held leadership positions in digital products, strategic business development and retail operations at The Home Depot. Mr. Teresi holds an MS from Norwich University and a BS from the University of Phoenix.
Mr. Teresi commented: “I am delighted to join such a respected organization as Repipe, with over 30 years of positive history and reputation. I look forward to working closely with Repipe and Gryphon to advance the company’s strategic growth plan and accelerate Repipe’s position as a leader in the industry.”
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About repipe specialists
Founded in 1991, Repipe is headquartered in Burbank, California. It is a market leading home services company offering repair services in partnership with its plumbing partners. Visit www.repipe.com for more information.
About Gryphon Investors
Gryphon Investors (www.gryphoninvestors.com) is a leading private equity firm that, in partnership with experienced management, focuses on profitable, growing and competitive middle-market companies. As of December 31, 2021, the firm had over $9 billion in assets under management. Gryphon prioritizes investment opportunities where it can forge strong partnerships with owners and executives to build leading businesses, leveraging Gryphon’s capital, specialized professional resources and operational expertise.
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View original content: https://www.prnewswire.com/news-releases/repipe-specialists-names-jay-teresi-as-new-ceo-301760579.html
SOURCE Repipe Specialists
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