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New Deal


Announced

Thompson Street Capital Partners to acquire Len The Plumber.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Engineering Consulting

Acquisition

Private Equity

Single Bidder

Majority

Building Sub Contractors

engineering services

United States

Friendly

Private

Pending

Synopsis

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Thompson Street Capital Partners, a private equity firm, agreed to acquire Len The Plumber, a full-service residential plumbing contractor. Financial terms were not disclosed. “We chose TSCP because they differentiated themselves in their approach to deal origination. It was very important to us that we chose an equity partner that could help us execute an aggressive M&A add-on strategy right away. After evaluating multiple options, it was clear that TSCP was the right choice for us to take LTP to the next level, because of their work ethic, culture, and systematic approach to managing a large funnel of deal opportunities,” Jeff Cooper, LTP CEO.

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