Crescendo Capital, supported by Midwest Mezzanine and True West Capital Partners, has acquired Peltram Plumbing, a leading plumbing contractor in Washington, to capitalize on growth opportunities in the state's expanding construction industry.
Information on the Target
Peltram Plumbing is the preeminent plumbing-focused mechanical contractor in Washington state. With over three decades of experience, the company has established robust partnerships with home builders and commercial developers, enabling it to design and install plumbing systems and fixtures for a diverse range of projects. These projects include new home communities, multi-family complexes, and commercial buildings, primarily concentrated in the Seattle metropolitan area.
Industry Overview in Washington
The plumbing industry in Washington state is a vital sector essential for both residential and commercial construction. With the increasing demand for new housing and commercial spaces, the plumbing market has seen a steady growth trajectory. This growth is driven by the need for advanced plumbing solutions that meet modern standards of efficiency, sustainability, and technology integration.
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Moreover, the construction industry in Washington is witnessing a resurgence, fueled by population growth and urban development. As a result, plumbing contractors like Peltram Plumbing are positioned
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Crescendo Capital
invested in
Peltram Plumbing
in 2023
in a Growth Equity & Expansion Capital deal