Lamson & Sessions said it hired the Brown, Gibbons, Lang & Co. investment bank to advise on strategic options, including a possible sale of all or part the company.
John Schulze, chief executive of Cleveland-based Lamson & Sessions, said he retained Brown, Gibbons, Lang to assist “in evaluating strategic alternatives that maximize the value of the company.”
The firm provides advisory, private placement and restructuring services to middle-market companies. Lamson & Sessions also said it still expects fourth-quarter profit of 43 cents to 48 cents per share.