LightBay Capital Makes Growth Investment in Burton Plumbing Services
January 4, 2022
Los Angeles-based private equity firm LightBay Capital made a growth investment in Burton (Burton Plumbing Services, LLC), a Omaha-headquartered provider of residential and commercial HVAC, plumbing, and electrical services. The investment will support Burton's organic growth and continued add-on acquisition strategy; ShoreView, the prior sponsor, exited its investment as part of the transaction.
- Buyers
- LightBay Capital
- Targets
- Burton Plumbing Services, LLC (Burton)
- Sellers
- ShoreView
- Industry
- HVAC & Mechanical
- Location
- Nebraska, United States
- Transaction Type
- Growth capital
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Burton Plumbing Services Acquires Blue Dot, Degree Heating & Air, and Hartlaub Plumbing
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Burton Plumbing Services Acquires Star City Heating & Cooling
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Burton Plumbing Services, a ShoreView portfolio company, has acquired Star City Heating & Cooling, a Lincoln, Nebraska-based HVAC services provider. The add-on expands Burton's market coverage into the Lincoln metropolitan area and increases its field technician staff and service vehicle fleet; the deal is ShoreView's first add-on since its March 2020 investment in Burton.
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ShoreView Capital Partners (Fund IV) Makes Growth Investment in Burton Plumbing Services
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ShoreView Capital Partners activated its $425 million Fund IV and made its first investment by providing growth capital to Burton Plumbing Services, LLC. ShoreView partnered with the company's owner to support Burton's expansion and pursue regional add-on acquisitions; Burton is an Omaha-based provider of HVAC and plumbing services to residential and commercial customers.
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