Plumbing Acquisitions in Washington

Champions Group Holdings, an Irvine-based home services platform, has acquired Bee's Plumbing (Bee’s Plumbing and Heating), a Seattle-based residential and commercial plumbing services provider founded in 2017 by Melissa and Ben Bandel. The acquisition expands Champions Group's footprint in the Seattle metro area and strengthens its local plumbing service offering while Bee's Plumbing will retain its brand and leadership following the transaction.

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.