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Announced

Completed

L Catterton completed the acquisition of LTP Home Services from Thompson Street Capital.

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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Domestic

Acquisition

Property Services

Friendly

plumbing services

Private

Majority

Private Equity

residential services

United States

Single Bidder

Completed

Synopsis

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L Catterton, a private equity firm, completed the acquisition of LTP Home Services, a residential plumbing and HVAC services platform, from Thompson Street Capital, a private equity firm. Financial terms were not disclosed. "We're excited to partner with L Catterton to continue our accelerated growth and take LTP to the next level as a leading residential services platform. L Catterton brings significant experience in supporting the scaling and growth of consumer services brands, and together, we look forward to capitalizing on a robust pipeline of opportunities to expand our differentiated offering. With L Catterton's partnership, we will continue to build on our multiple initiatives to scale and diversify the business and remain highly focused on executing our acquisition strategy," Jeff Cooper, LTP Home Services CEO.

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