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Leap Partners Announces Acquisition Of George Plumbing, Its Third Acquisition In Three Months

May 25, 2022over 3 years ago

Acquiring Company

Leap Partners

Acquired Company

GEORGE PLUMBING

NashvilleConsulting

Description

Leap Partners Holdings LLC ("Leap Partners"), a Nashville-based HVAC and plumbing consolidation platform and a portfolio company of Concentric Equity Partners ("CEP"), announced the acquisition of George Plumbing, LLC ("George Plumbing"), a residential and commercial plumbing business located in Hartselle, Alabama. Leap Partners has acquired George Plumbing from and is partnering directly with the owner and industry veteran Greg George, who will remain with the company in his current leadership role for the long-term future. George Plumbing represents Leap Partners' third acquisition in the last 60 days after the acquisitions of Conditioned Air Solutions in northern Alabama and Scenic City Heating & AC in eastern Tennessee.

Company Information

Company

Leap Partners

Location

Nashville, Tennessee, United States

About

Leap Partners is headquartered in Nashville, Tennessee. The company is working to connect the best small and medium-sized HVAC, plumbing and electrical service businesses in the Southeast to build a world-class employer and service-provider with industry-leading customer satisfaction and employee engagement.

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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