Announced
Completed
Synopsis
LTP Home Services Group, a company specializing in residential plumbing and HVAC services, completed the acquisition of Acree Plumbing, Air & Electric, a full‑service provider of residential HVAC, plumbing, and electrical services. Financial terms were not disclosed. “After 40 years of building a tremendous company independently, Suzy and I realized in order to take the company to the next level, we needed a large strategic partner to help expand our services. The high demand and continued expected growth put our current resources to the test, so we engaged Hyde Park Capital to find the right partner to help us. LTP is somebody we felt very comfortable with and confident in to continue to grow the Acree business. We are incredibly thankful to have had Hyde Park help us with this process and excited to be partnered with LTP. We could not be happier with our decision and are excited to watch our HVAC, electrical and plumbing services expand throughout the United States,” Vic Trino, Acree Co-Owner.
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