Deal Snapshot
Stellex Capital Acquires Peltram Plumbing in Partnership with Investor Group Led by Crescendo Capital
Thursday 20 January 2022

US private equity firm Stellex Capital Management has acquired US-based plumbing installation and service solutions provider Peltram Plumbing Holdings, LLC (P3) in partnership with the existing management team from an investor group led by Crescendo Capital Partners, the company said.

Terms of the transaction were not disclosed. P3 is a plumbing services platform consisting of Peltram Plumbing, Power Plumbing, Precision Plumbing and E.R. Plumbing. Stellex was advised by DLA Piper LLP and the company was advised by Morrison Cohen LLP and Fifth Third Securities.

Date Published: 20/01/2022