#USA #New York #Investment #Avance #Lexxel

Avance Investment Management's Strategic Investment in Lexxel

On July 6, 2026, Avance Investment Management announced a strategic investment in Lexxel, a company renowned for its specialty maintenance and repair services tailored to critical infrastructure. This partnership marks an important milestone, as Lexxel's founders and management team will reinvest significant equity alongside Avance and maintain their leadership role within the company.

Lexxel has built a robust reputation in the repair, restoration, and maintenance of aging infrastructure and utility assets. Operating primarily in New York and the Northeastern United States, Lexxel offers services such as carbon-fiber composite repairs, concrete restoration, protective coatings and linings, and additional craft-driven trades and engineering services. These offerings position Lexxel as a vital resource for maintaining and enhancing the safety and longevity of essential infrastructure.

David Perez, Co-Founder of Avance, emphasized the company's commitment to assisting Lexxel in extending its reach. “Lexxel keeps critical infrastructure running, backed by a deep bench of talent and an unwavering commitment to its customers,” he stated, reflecting on the significant role Lexxel plays in maintaining infrastructural integrity in the region. He expressed optimism about supporting Lexxel’s growth, allowing it to replicate its quality and execution standards in new markets over time.

The U.S. infrastructure landscape faces challenges due to decades of underinvestment. Carl Stanton, a Senior Advisor at Avance, pointed out the growing demand for Lexxel’s services driven by powerful tailwinds aimed at infrastructure modernization. He remarked, “This is a thesis we have conviction in, and Lexxel is a terrific way to build behind it.”

The partnership is also seen as a significant opportunity for Lexxel's expansion. Peter Tortorella, Co-Founder of Lexxel, expressed enthusiasm about the future, commenting, “Avance shares our vision for what this business can become, and together we see a significant opportunity to expand the Lexxel platform — including through additional acquisitions that bring complementary capabilities and talent.”

Michael Codi, another Co-Founder at Lexxel, acknowledged the dedication of their customers and partners, stating, “Their loyalty is the foundation of everything we have built.” This sense of commitment underscores the team’s resolve to maintain high-quality service while growing alongside Avance.

To facilitate this strategic investment, Lincoln International served as a financial advisor and Greenberg Traurig provided legal counsel to Avance, while Lippes Mathias represented Lexxel in legal matters.

As per Lexxel's profile, the company stands out as a single-source provider of engineering, procurement, construction, and maintenance services crucial for critical infrastructure. Their portfolio spans advanced materials, industrial services, engineering, and power and utilities, aimed at safeguarding and prolonging the operational lifespan of essential assets for both public and private sectors.

About Avance Investment Management

Avance is a private equity firm dedicated to collaborating with talented management teams to build lasting businesses. With a strong focus on thematic investments in the Services and Consumer sectors in the U.S., Avance seeks attractive opportunities characterized by growth catalysts and areas ripe for consolidation. Their extensive experience encompasses partnerships with founder-owned businesses and industry executives, emphasizing value creation through their proprietary STAGE™ framework. Avance operates offices in New York and Miami, aiming to redefine investment success through strategic partnerships.

For more information about Lexxel, visit lexxel.com. To learn more about Avance Investment Management, visit avanceinv.com.