Grove Mountain Partners Acquires Majority Stake in Plimpton & Hills

January 10, 2024

Grove Mountain Partners has acquired a majority stake in Plimpton & Hills, a 125-year-old wholesale distributor of plumbing and HVAC equipment serving the Northeast. The Stephens Group made a minority investment to support the transaction; the Hills family retains equity and board representation while longtime executive Susan Montgomery is promoted to President.

Buyers
Grove Mountain Partners, The Stephens Group, LLC
Targets
Plimpton & Hills Corporation
Sellers
Hills family, Tripp Hills
Location
Connecticut, United States
Transaction Type
Buyout

Explore More

Related Acquisitions

Track M&A activity that matters to you

Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.