P3 Services completes acquisition of The Plumbing & Drain Company, Inc. to enhance plumbing services in Seattle–Tacoma area

Jun 06, 2024•about 1 year ago

Acquiring Company

P3 Services

Acquired Company

The Plumbing & Drain Company

Hockley

TacomaFacilities ServicesBuilding MaintenanceConstruction

Description

P3 Services, a provider of end-to-end plumbing services, has successfully completed the acquisition of The Plumbing & Drain Company, Inc. This acquisition enhances P3's capabilities across the Seattle–Tacoma area, marking it as the 13th acquisition since the initial creation of the platform.

Company Information

Company

P3 Services

Location

Hockley, Texas, United States

About

P3 Services is assembling an unmatched team of the nation’s leading local providers of plumbing, mechanical, and electrical installation and services. We believe in the philosophy of local firms for local customers, and every one of our operating companies maintains local leadership and strong ties to their community. We give these firms the resources they need to get to the next level. The tools they need to provide even better customer service and be the undisputed career choice for the most talented technicians in their market. By contributing extensive industry expertise, technological know-how, recruiting support, and financial stability, we help our operating companies set new standards for innovation, service excellence, and employee satisfaction.

Related People

M&A Insights

Based on deal data

Integration timeline

70% of M&A integrations take 12-24 months to complete

Tech stack consolidation

83% of merged companies consolidate technology vendors within first year

Post-acquisition investment

Companies increase IT spending by 23% on average after acquisitions

Success factor

M&A deals with strong technology integration plans are 2.5x more likely to succeed