Peltram Plumbing Holdings Acquires Power Plumbing from ESOP

Stellex Capital Acquires Peltram Plumbing Holdings (P3)

February 15, 2022

Plumbing

Stellex Capital Management acquired Peltram Plumbing Holdings, LLC (P3), a multistate plumbing installation and service platform, from an investor group led by Crescendo Capital Partners. Stellus Capital Management provided unitranche financing and an equity co-investment to support the transaction; Stellex plans to grow P3 organically and via add-on acquisitions while adding senior operating executives to the management team.

Pueblo Mechanical & Controls Acquires Niemeyer Brothers Plumbing

November 18, 2019

HVAC & Mechanical

Huron Capital-backed Pueblo Mechanical & Controls (an ExecFactor platform) acquired Niemeyer Brothers Plumbing, a full-service commercial plumbing provider in the greater Phoenix area. The add-on expands Pueblo's service offering by adding plumbing as a new service line; financial terms were not disclosed and Niemeyer leadership will remain in place.

Ascension Property Services Acquires Palmetto Plumbing Co. of Hialeah Inc.

May 28, 2024

HVAC & Mechanical

Ascension Property Services has acquired Palmetto Plumbing Co. of Hialeah Inc., a South Florida plumbing contractor. The deal, closed May 28, 2024, will expand Ascension’s mechanical and plumbing capabilities and footprint in the South Florida market while providing Palmetto access to Ascension’s national resources to pursue larger and more diverse projects.

Southern HVAC Corporation Acquires Pro Plumbing Services, LLC

June 29, 2022

HVAC & Mechanical

Southern HVAC Corporation acquired Pro Plumbing Services, LLC, a Lexington, North Carolina-based residential plumbing, electrical, heating and air contractor. The bolt-on expands Southern HVAC's Plumbing & Air Service Company footprint in the Piedmont Triad (Greensboro, Winston-Salem, High Point and Lexington) and allows Pro Plumbing to retain its brand while gaining access to Southern HVAC's training, sales, marketing and operational resources.

H.I.G. Capital to Acquire Travis Perkins Plc's Plumbing & Heating Business

May 20, 2021

Building Products

H.I.G. Capital has signed a definitive agreement to acquire Travis Perkins Plc's Plumbing & Heating business (P&H) in a divestiture valued at approximately £325 million. The carved-out business, which trades under City Plumbing Supplies and Plumbing Trade Solutions and operates more than 350 branches across the UK and Ireland with over 3,000 employees, will be transitioned to an independent company to accelerate customer-focused growth under H.I.G.'s ownership.

P1 Service Group Acquires Sky Heating, AC, Plumbing & Electrical

December 29, 2022

HVAC & Mechanical

P1 Service Group, a portfolio company of Edgewater Growth Capital Partners, has acquired Sky Heating, AC, Plumbing & Electrical, a Portland-area residential HVAC, plumbing and electrical services provider. The acquisition expands P1's platform into the Pacific Northwest; Sky's owner and president Travis Smith will continue to lead the business and remain a shareholder.