Stellex Capital Management (Stellex), a middle-market private equity firm, has made a new platform investment in plumbing services platform Peltram Plumbing Holdings (P3).
Stellex acquired P3 in partnership with the existing management team from an investor group led by Crescendo Capital Partners (Crescendo). The terms of the transaction have not been disclosed.
In addition to partnering with the existing local management teams, Stellex has recruited Terry Young, former Senior Vice President of Comfort Systems USA, and Chad Lusco, former Senior Vice President of KBS and Empire Services, to drive P3’s next chapter of growth.
