What is LB Water?
Founded in 1970 by Lehman B. Mengel, LB Water operates as a solutions-based provider of waterworks-infrastructure products. The employee-owned organization serves cities, counties, municipalities, private water and sewer authorities, and contractors across Pennsylvania, Maryland, and Virginia. Its comprehensive product portfolio includes advanced water-metering technologies, essential water infrastructure components, sanitary and storm sewer systems, specialized products, and environmental solutions. With over 200 employees spread across eight locations, LB Water plays a vital role in maintaining and upgrading the region's essential water systems.
How much funding has LB Water raised?
LB Water has raised a total of $2M across 1 funding round:
Debt
$2M
Debt (2020): $2M with participation from PPP
What's next for LB Water?
The recent major strategic investment suggests LB Water is poised for further expansion and technological advancement within the waterworks sector. This capital infusion is likely to support the enhancement of its product offerings, potentially including further development in water-metering technologies and environmental solutions. As an established player with a strong employee-ownership model, the company is well-positioned to leverage this backing to strengthen its market leadership and continue its mission of providing critical infrastructure solutions throughout the Mid-Atlantic region.
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