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Lasko is a leading portable fan and heater manufacturer and distributor based in West Chester, PA
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Company was founded in 1906 and was managed by three generations of the Lasko family
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With facilities in Pennsylvania, Texas and Tennessee, the Company utilizes both domestic production and Asian sourcing to deliver high-quality, low-cost products to its customers with limited lead time
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Lasko has long-term, successful relationships with multiple prominent retailers in several distribution channels due to its superior product value and customer service model
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The Company’s Air King division also sells a variety of range hoods and fans under the Air King brand name to the commercial channel
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JWLMP, together with Comvest Partners, acquired Lasko in November 2016
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Company sold via auction process during which time JWLMP attended all diligence sessions, facility tours and management meetings
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JWLMP helped craft the operating thesis for the investment leveraging its experience, expertise and industry relationships
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Lasko acquired B-Air in January of 2019
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B-Air is a leading supplier of air movers, air scrubbers​ and dehumidifers for water damage / restoration and janitorial applications
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B-Air also sells fans, pet dryers, inflatable blowers and various other products leveraging their product development and sourcing expertise
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JWLMP playing an active role in company oversight
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Jerry W. Levin Chairman; Michael Popson and Steven Isko members of the Board of Directors
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Post-close Jerry W. Levin interim CEO during search for permanent candidate
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JWLMP participating in operating reviews, line reviews, strategy development, budgeting process, 100-day plan
and M&A initiatives
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