L Catterton Acquires LTP Home Services Group
March 22, 2022
L Catterton has agreed to acquire LTP Home Services Group, a residential plumbing and HVAC platform operating under brands including Len the Plumber, from Thompson Street Capital Partners (TSCP), which will retain a minority stake and a board seat. The transaction positions L Catterton to scale LTP’s platform through continued acquisitions and geographic expansion across the Mid-Atlantic and Southeast, leveraging LTP’s reputation for customer service and technician quality.
- Buyers
- L Catterton
- Targets
- LTP Home Services Group
- Sellers
- Thompson Street Capital Partners
- Industry
- HVAC & Mechanical
- Location
- Maryland, United States
- Transaction Type
- Buyout
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