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
Location
California, United States
Transaction Type
Buyout

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