Janesville, WI, October 16, 2009 – Lanair Products LLC announced the acquisition of Lenan Corp, a niche manufacturer of waste oil heaters and related equipment in Janesville, WI. Terms of the transaction were not disclosed.
Lenan was founded in 1976 by Les and Nancy Marzahl. The Marzahls were true pioneers in the United States waste oil heater industry, creating and running Lenan (d/b/a Lanair) for 33 years, eventually becoming one of the worlds leading manufacturers of waste oil heaters. Based in Janesville, WI, they have continued to innovate in this industry while marketing and selling direct to their customers. Mr. Les Marzahl, Lenan President and chief executive officer said, “This transaction allows for a transition of our business to a highly qualified operator while maintaining its presence in Janesville. It also allows Nancy and I to pursue our interests outside of the business. We are excited about the transition and look forward to the company growing and prospering in the future under this new leadership.”
Barry Brandt, President and chief executive officer of the newly formed Lanair Products said, “I am excited about the opportunity to follow in the footsteps of the previous owners and look forward to working with the great group of people at Lenan to continue growing the business well into the future. My family and I are equally excited about settling in the Janesville area.”
The business will be operated as Lanair Products LLC, a wholly owned subsidiary of Lanair Holdings LLC. Lanair Holdings LLC is a partnership formed to purchase Lenan Corp by Barry Brandt and Aldine Capital Partners, Inc. of Chicago, IL.
For more information contact: Barry A.Brandt (608) 752-1601