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Announced

Completed

Riverside-backed Threshold Brands completed the acquisition of Plumbing Heating Paramedics.

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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Acquisition

Private Equity

Single Bidder

Majority

Private

Friendly

United States

Energy / Utility Services

Domestic

hvac solutions

Completed

Synopsis

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Riverside-backed Threshold Brands, a multi-brand franchisor of trade service concepts, completed the acquisition of Plumbing Heating Paramedics, which provides HVAC system repairs. Financial terms were not disclosed. "The addition of PHP is a natural fit for our continued expansion of the Threshold Brands platform, allowing us to serve more customers and geographic footprints. Riverside’s investment in PHP is the most recent example of the firm’s commitment to our franchise platform and an integral step in extending into the HVAC and plumbing end markets," Loren Schlachet, Riverside Managing Partner.

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