Friday, September 12, 2014
LEHR Gets New Private Equity Funding
Los Angeles-based LEHR, which develops propane-fueled tools and engines, has received a round of private equity funding from Newport Beach-based Solis Capital Partners, according to the firms. Size of the investment was not disclosed. LEHR currently is focusing its efforts on a line of propane-powered outboard marine engines, which the company says has significant environmental benefits over gasoline. LEHR is led by Bernardo Herzer.