Len The Plumber, which is backed by Thompson Street Capital Partners, has acquired Hagerstown, Maryland-based Larry & Sons, a residential plumbing and HVAC company. No financial terms were disclosed.
ST. LOUIS–(BUSINESS WIRE)–Thompson Street Capital Partners (TSCP), a private equity firm based in St. Louis, MO, 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 Larry & Sons Plumbing, Heating, Cooling, Drain, and Electrical Services (Larry & Sons), a full-service residential plumbing and HVAC company headquartered in Hagerstown, Maryland. Terms of the transaction were not disclosed.
Jeff Cooper, CEO of Len The Plumber, said, “Both Len The Plumber and Larry & Sons have been operating in the Mid-Atlantic for over 25 years, sharing a similar passion for serving our communities with an approach that prioritizes customer service.”
Jeff Aiello, Managing Director, TSCP, added, “This acquisition will allow Len The Plumber to enhance offerings with its full suite of capabilities – plumbing, HVAC and electrical – to the entire Mid-Atlantic region. We are thrilled that Larry & Sons is joining the Len The Plumber family.”
Leading the industry in reputation, best practices, training and development, and service excellence, LTP employs the most talented and qualified residential technicians in the industry.
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 healthcare and life science services, software and technology services, and business services and engineered products sectors. Founded in 2000, the firm has acquired more than 100 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.