Redwood Services Invests in Tony's Plumbing
November 25, 2024
Redwood Services has acquired a majority stake in Tony's Plumbing, a Modesto, California-based residential plumbing company founded in 1994; founders/owners will retain a significant minority ownership stake. Redwood will provide operational, strategic and financial support to help accelerate growth, and Tony's will continue to operate under its existing brand. The transaction is Redwood's sixteenth platform investment in the residential HVAC, plumbing and electrical services space.
- Buyers
- Redwood Services
- Targets
- Tony's Plumbing
- Sellers
- Tony Molica and family (founders/owners: Andrew and Alex Molica)
- Platforms
- Redwood Services
- Industry
- HVAC & Mechanical
- Location
- California, United States
- Transaction Type
- Buyout
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