Ironwood Capital’s portfolio company, Peltram Plumbing Holdings, LLC (Peltram) has acquired Power Plumbing (Power), a plumbing services provider based in Houston, Texas, with a primary focus on the multifamily construction market.
Ironwood Capital provided a follow-on investment in support of the acquisition. Peltram is a Crescendo Capital portfolio company.
The Power acquisition is the third for Peltram, which previously acquired Precision Plumbing in October 2020 and ER Plumbing in May 2021, both based in the Charlotte market. With the addition of Power, Peltram now has significant operations in Seattle, Charlotte, and throughout Texas, with expertise in single family, multifamily, and commercial construction, along with residential service capabilities in each of their markets.
“We have been very impressed with Peltram and its management team’s ability to grow organically and to integrate new divisions successfully,” says Alex Levental, partner at Ironwood Capital. “We are pleased to support the company as they continue to expand their nationwide footprint.”
