Lehr, a provider of propane-powered products and tools, has acquired EnviroGard, a propane fuel system technology company. EnviroGard is primarily focused on propane engine and conversion kits for gasoline engines.
Lehr claims the acquisition will accelerate its market expansion strategy, allowing it to offer environmentally friendly technologies for larger engines in the outdoor power equipment and construction industry markets.
EnviroGard has become a new division of Lehr and will continue to offer it's current products and conversion kits to both original equipment manufacturers and their dealers while expanding the combined technologies into new product markets.
"Propane technology is a key driver in our business strategy, and EnviroGard is a terrific, strategic and financially compelling fit for our business,' said Bernardo Herzer, Lehr CEO and Founder. "This acquisition will help expand our footprint into the outdoor power equipment markets, accelerating growth and building positive momentum for Lehr's business in 2015 and beyond.'
Lehr's new VP of Business Development, Jeremy Hahne, also believes in the value of the acquisition. "Lehr's advanced fuel system technology and global manufacturing and distribution capabilities add tremendous value for all EnviroGard stakeholders. We are extremely pleased to have partnered with Captain Bernardo Herzer and the rest of the Lehr team to rapidly expand our alternative fueled engine technology, while helping to create a healthier and more sustainable planet.'
Lehr's propane-powered marine outboard four-stroke engines range from 2.5 to 15hp.