Repipe Specialists, a repiping home services company, announced it has named Jay Teresi CEO. 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 firm’s Heritage Fund lower middle market strategy.
Butler said, “I am thrilled to bring Jay onto our team. For many years, I have been searching for the right leader to take the baton from me and drive Repipe to future heights. Along with Gryphon’s continued backing, Jay’s successful background in the industry will enable us to continue to deliver significant value to our customers and plumbing partners while pursuing a multitude of growth opportunities.”