Len The Plumber, which is backed by Thompson Street Capital Partners, has acquired Service Today, a Maryland-based provider of residential HVAC, plumbing, electrical and indoor air quality services. No financial terms were disclosed.
ST. LOUIS (November 2, 2021) – Thompson Street Capital Partners (TSCP), a private equity firm based in St. Louis, today announced its portfolio company Len The Plumber (LTP), a leading full-service residential plumbing company headquartered in Baltimore, Maryland, with branches serving the Mid-Atlantic region, has completed the acquisition of Service Today, Heating & Cooling Company (Service Today). Service Today is a full-service provider of residential HVAC, plumbing, electrical and indoor air quality services located in Federalsburg, Maryland. Service Today was founded in 2000 and serves the Eastern shore of Maryland and Delaware across 5 locations. Service Today’s founder, Ed Collier, currently spends several months away from the business and plans to fully retire after a 6-month transition. Terms of the transaction were not disclosed.
Jeff Cooper, CEO of LTP, said, “Partnering with Service Today is a continuation of our acquisitive growth strategy. Service Today is a great addition to our platform at Len The Plumber, as they have a strong foundation in HVAC, and the same high standards of delivering great customer service. Their success was driven through Ed’s focus on taking care of his customer base, and his team; both of which are core attributes to our success at Len The Plumber.”
Jeff Aiello, TSCP Managing Director, added, “We are very enthusiastic to partner with Service Today. Ed has built an impressive business which complements our Len The Plumber platform nicely in terms of both service lines and geographies. I look forward to seeing what these two businesses can accomplish by joining together.”
About Thompson Street Capital Partners
Thompson Street Capital Partners (www.tscp.com) is a St. Louis-based private equity firm focused on investing in founder-led middle market businesses in the Life Sciences & Healthcare, Software & Technology, and Business and Consumer Services and Products sectors. Founded in 2000, the firm has acquired more than 150 companies and has managed more than $2.6 billion in equity. TSCP partners with management teams to increase value by accelerating growth, both organically and via acquisitions.