Stellex Capital Acquires Peltram Plumbing Holdings (P3)
February 15, 2022
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.
- Targets
- Peltram Plumbing Holdings, LLC (P3)
- Sellers
- Investor group led by Crescendo Capital Partners, Crescendo Capital Partners
- Industry
- Plumbing
- Location
- Washington, United States
- Transaction Type
- Buyout
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