Plumber (Multiple Decade Reputation For Quality)

Business Overview:

This acquisition opportunity is a premier provider of new construction and renovation plumbing services in western Washington. Forging an impeccable reputation more multiple decades, the company trades on seasoned industry relationships, and is recognized for quality, integrity, reliability, and craftsmanship. Clients include custom home builders, land developers, general contractors, remodelers, and homeowners. The business serves a niche sector and operates in an environment of limited competition, facilitating all phases of plumbing work for high end, ground up residential construction and large-scale remodeling projects.

Rapid economic and demographic growth in the area continues to fuel consistent demand for the company’s services. Builder and remodeler confidence remains high for the western United States going into Q2 of 2025 according to the Housing Market Index of the National Association of Home Builders (NAHB.) On a regional year-to-date basis, Washington state observed an 11% increase in housing production and permitting activity for new home starts. The Building Industry Association of Washington (BIAW) and the Remodeling Market Index project continued robust growth in the renovation and home improvement sectors due to the aging home stock of owner-occupied properties and persistent housing shortages in the company’s directly serviceable marketplace of Pierce, King, Snohomish, and Thurston Counties.

The company grew by a combined 25% over the last two years and remains on track for incremental growth in 2025.

Operations are anchored by a knowledgeable team of seasoned industry professionals. The company is organized by departments including project coordination, bidding and estimating, office and administrative, inventory management, and a double-digit team of licensed apprentices, journeyman plumbers, and field technicians. The business operates out of approximately 10,000 square feet of fully secured, mixed-use commercial space consisting of office, warehouse, fleet parking, loading, and general staging facilities. Ownership contributes approximately one full time equivalent to the labor of the business in the form of client relations, project management, and executive oversight.

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