J.F. Lehman & Company, a leading middle-market private equity firm focused exclusively on the aerospace, defense, maritime, government and environmental sectors, announced that an investment affiliate has acquired Inland Pipe Rehabilitation LLC. Financial terms were not disclosed. Founded in 1973, IPR is a leading provider of trenchless pipe rehabilitation solutions and technology to the municipal wastewater and storm water markets. The Company's technologies and services provide government customers with minimally disruptive, cost-effective solutions to manage aging underground pipe infrastructure. "The Company is an excellent fit with our investment strategy given its strong market position, comprehensive suite of services and talented workforce. We believe IPR has significant opportunities for growth given the increasing demand for efficient, cost-effective solutions to service the critical, but aging, municipal wastewater and storm water infrastructure." said Glenn Shor, a Partner with JFLCO.