Trade and home services
Plumbing companies
Wild Rose Advisors advises the owners of plumbing companies, where every operating company works under a named responsible master plumber.
What a buyer pays for
In this trade, value is driven by the share of the work that recurs without being sold again, more than by revenue.
- 01
Service Mix
Service and repair revenue recurs; new construction revenue is rebid. The buyers consolidating this trade price the two so differently that the mix is typically the first question in every conversation.
- 02
Responsible Master
The company operates on its responsible master plumber's license. If the owner alone holds it, the transition plan is part of the price. If a master on staff can hold it, the business generally transfers cleanly.
- 03
Endorsements
An endorsement such as medical gas places a company in a segment with hospital and clinic work and few qualified competitors.
The buyers
The platforms acquiring HVAC contractors acquire plumbing companies at a similar pace, and typically pay most for a company with a stable responsible master and a genuine service base.
An owner who has received an approach may bring the offer to Wild Rose Advisors before signing anything. A letter of intent usually carries an exclusivity clause, and once it is signed the seller's leverage is largely gone.
All SectorsThe Practice Serves
- Established companies with service and repair revenue
- Companies where the responsible master is on staff, or where succession of the license is planned
- Companies holding endorsements that most competitors do not
Wild Rose Advisors welcomes conversations with the owners of founder-owned companies.
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