Propel Equity Invests in Flow Services Holdings to Launch Residential Sewer & Drain Platform

RLJ Equity Partners and LP First Capital Recapitalize Three Businesses to Form Flow Service Partners

July 7, 2021

HVAC & Mechanical

RLJ Equity Partners and LP First Capital recapitalized three HVACR and plumbing businesses to create Flow Service Partners, a commercial HVACR and plumbing platform headquartered in Nashville, Tennessee. Brookside Capital Partners provided unitranche debt and an equity co-investment to facilitate the transaction; RLJ will hold controlling equity and pursue add-on acquisitions to scale the platform.

Quad-C Management Invests in Flow Service Partners

November 21, 2024

HVAC & Mechanical

Quad-C Management has made an investment in Flow Service Partners, a multi-region provider of HVACR and plumbing services operating in the Midwest, Southeast and Mid-Atlantic. Quad-C said it will work with Flow's management to scale operations through M&A, expand geographic reach, and add new service offerings; terms were not disclosed.

Liquid Environmental Solutions Acquires FloHawks Plumbing + Septic

September 3, 2020

Environmental Services

Liquid Environmental Solutions (LES) has acquired the assets of FloHawks Plumbing + Septic, a Puyallup, Washington-based provider of septic pumping, inspections, repair and plumbing/drain cleaning for residential and commercial customers. The acquisition expands LES's non-hazardous wastewater customer base and service footprint in the Pacific Northwest; terms were not disclosed. LES is backed by Audax Private Equity.

P3 Services Acquires Six Local Plumbing and Septic Businesses Across the U.S.

March 4, 2025

Plumbing

P3 Services, a Stellex Capital-backed plumbing and septic platform, acquired six local service providers in 2024 — Forsyth Septic & Rooter Service; Schrader Plumbing; Bob's Backflow & Plumbing Services; Rolland Reash Plumbing; The Plumbing & Drain Company; and 2 Sons Plumbing — expanding its footprint across the Southeast, Southwest, Northeast Florida, and the Pacific Northwest. The add-on deals bolster P3's residential, multi-family and light commercial capabilities and deepen regional coverage as the company builds a national pure-plumbing platform.

Quad‑C Management Acquires Flow Service Partners from RLJ Equity Partners and LP First Capital

November 21, 2024

HVAC & Mechanical

Quad‑C Management has acquired Flow Service Partners from sellers RLJ Equity Partners and LP First Capital; financial terms were not disclosed. Flow is a commercial HVACR and plumbing services platform headquartered in Nashville, Tennessee, operating across several U.S. states with over 400 employees and built through multiple acquisitions since 2021.

Leap Partners Acquires Drain Werks

August 4, 2022

Plumbing

Nashville-based home services roll-up Leap Partners has acquired Drain Werks, a plumbing and drain specialist serving central and northern Alabama. The founders Marcus and Duston Williams will continue to lead the business as part of Leap Partners' growing platform of HVAC, plumbing, and electrical service companies in the Southeast.