P3 Services Acquires Anchor Plumbing

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.

Blue Point-backed Pinnacle MEP Acquires Bell Plumbing Services

November 12, 2024

Construction

Blue Point Capital Partners’ platform Pinnacle MEP has acquired Bell Plumbing Services, a Greenwood, Indiana commercial plumbing provider. The add-on expands Pinnacle’s footprint in central and eastern Indiana and enhances its plumbing capabilities for existing HVACR customers to increase market density and service offerings.

Sterling Infrastructure Acquires Professional Plumbers Group

November 16, 2023

Construction

Sterling Infrastructure, Inc. (Nasdaq: STRL) acquired Professional Plumbers Group, Incorporated (PPG), a Wylie, Texas-based plumbing contractor serving residential home builders in the Dallas area, for $50 million in cash plus an earnout. PPG, which generates approximately $50–55 million in annual revenue, will join Sterling's Building Solutions segment to expand its residential plumbing capabilities and cross-sell to its existing builder customers in the Dallas market.

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.

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.

Andersen Commercial Plumbing Completes Seventh Add-on Acquisition

January 10, 2022

HVAC & Mechanical

Andersen Commercial Plumbing (ACP), a La Verne, California-based provider of turnkey plumbing and HVAC services, completed its seventh strategic add-on acquisition as part of a regional consolidation strategy across Southern California. Backed by Seaside Equity Partners, ACP has acquired multiple local plumbing and HVAC service businesses (including ASAP Drain Guys & Plumbing, Canyon Air Systems, DC Drains, Kirman Plumbing, Pennine Plumbing, Power Plumbing and Superior Plumbing) to expand geographic reach and broaden service capabilities.