Managers purchase Blackman Plumbing Supply
Blackman Plumbing Supply announced 13 members of its management team, together with President/Chief Executive Officer Robert Mannheimer, have purchased 100% of the company from the estate and trust of Richard Blackman.
In addition to the operating company, the purchase includes all affiliated operating companies, showrooms, branches and real-estate entities in New York, New Jersey and Florida.
Mannheimer applauded today’s purchase “as a major event in our company’s 96-year history. As owners and managers of Blackman, we are now poised to implement changes that will allow us to experience exponential growth in the coming years.”
Blackman Plumbing opened its doors in Brooklyn in 1921 under the leadership of founder Sam Blackman. Richard Blackman followed his father into the family business, eventually becoming the company’s sole owner. He substantially grew the business, opening locations on Long Island, in New York City and New Jersey.
Richard Blackman died in September 2012, leaving the leadership to Mannheimer under whose guidance Blackman Plumbing continues to grow, most recently adding a state-of-the-art showroom in West Palm Beach, Fla.