The plumbing industry is among the most active consolidations through private equity in the trades space, and rightly so. The sector has a non-discretionary demand base, fragmentation among competitors, and an aggregate North American market worth approaching $28 billion. These provide an excellent foundation upon which roll-ups can be executed.
This whitepaper examines some of the demand forces that make the plumbing industry so resilient, market forces that present M&A opportunities, and recent M&A trends in the space, as well as some of the operational and financial issues associated with plumbing industry acquisitions.
