Thompson Street Capital Partners Portfolio Company Len The Plumber Acquires Service Today Heating & Cooling Company
ST. LOUIS (November 2, 2021) – Thompson Street Capital Partners (TSCP), a private equity firm based in St. Louis, today announced its portfolio company Len The Plumber (LTP), a leading full-service residential plumbing company headquartered in Baltimore, Maryland, with branches serving the Mid-Atlantic region, has completed the acquisition of Service Today Heating & Cooling Company (Service Today). Service Today is a full-service provider of residential HVAC, plumbing, electrical and indoor air quality services located in Federalsburg, Maryland. Founded in 2000, Service Today serves the Eastern shore of Maryland and Delaware across five locations. The Company’s founder, Ed Collier, currently spends several months away from the business and plans to fully retire after a 6-month transition. Terms of the transaction were not disclosed.
Jeff Cooper, CEO of LTP, said, “Partnering with Service Today is a continuation of our acquisitive growth strategy. Service Today is a great addition to our platform at Len The Plumber, as they have a strong foundation in HVAC and the same high standards of delivering great customer service. Their success was driven through Ed’s focus on taking care of his customer base and his team – both of which are core contributors to our success at Len The Plumber.”
Jeff Aiello, TSCP Managing Director, added, “We are very enthusiastic to partner with Service Today. Ed has built an impressive business that complements our Len The Plumber platform nicely in terms of both service lines and geographies. I look forward to seeing what these two businesses can accomplish by joining together.”