HOCKLEY, Texas, March 4, 2025 -- P3 Services ("P3"), a leading provider of comprehensive plumbing and septic solutions, has announced a series of strategic acquisitions in 2024, further expanding its presence in key markets across the Southeast, Southwest, and Northwest. The acquisitions include Forsyth Septic & Rooter Service in Winston-Salem, NC; Schrader Plumbing in Dallas, TX; Bob's Backflow & Plumbing Services in Jacksonville, FL; Rolland Reash Plumbing in Jacksonville, FL; The Plumbing & Drain Company in Seattle, WA; and 2 Sons Plumbing in Seattle, WA.
"These acquisitions highlight P3's commitment to growth, service excellence, and expanding opportunities nationwide."
These acquisitions bolster P3's national footprint and enhance its ability to deliver high-quality plumbing, septic, and rooter services to residential, light commercial, and multi-family customers.
Expanding Regional Coverage and Capabilities
Terry Young, CEO of P3 Services, emphasized the importance of these acquisitions: "Each of these companies brings exceptional expertise, strong local reputations, and a commitment to service excellence. Their addition strengthens P3's ability to provide our customers comprehensive solutions from installation to repair services in all of P3's core markets, aligning with our vision to become the premier provider of plumbing and septic services nationwide."
- Forsyth Septic & Rooter Service expands P3's Southeast operations, joining Pride Plumbing and ER Services.
- Schrader Plumbing marks P3's first strategic acquisition in the Dallas market, complementing its established operations across the Southwest.
- Rolland Reash Plumbing and Bob's Backflow & Plumbing Services, enhances P3's reach in Jacksonville and across Northeast Florida.
- The Plumbing & Drain Company and 2 Sons Plumbing strengthen P3's Pacific Northwest portfolio, which includes Peltram Plumbing and Patriot Plumbing.
A Shared Vision for Growth and Excellence
The newly acquired companies will benefit from P3's resources, technology, and operational expertise, enabling them to expand their offerings and deliver enhanced value to their communities. P3, backed by Stellex Capital Management, continues its commitment to creating opportunities for growth while maintaining the local touch that customers trust.
Chad Lusco, CEO of P3's Services Division, highlighted the significance of the acquisitions:
"These acquisitions are a testament to P3's commitment to strategic growth and service excellence. By partnering with trusted local providers, we are expanding our reach, enhancing our capabilities, and delivering exceptional plumbing and septic solutions to our customers while creating new opportunities for our employees. We look forward to 2025 as P3 continues to partner with plumbers across the United States to build a leading national pure-plumbing platform."
About P3 Services
P3 Services provides premier plumbing and septic solutions, including installation, maintenance, and repairs for multi-family, single-family, and light commercial markets. Operating across the Southeast, Southwest, and Pacific Northwest, P3 is dedicated to delivering exceptional service and value. Learn more at www.p3services.com.
About Stellex Capital Management LLC
With offices in New York, Detroit, Pittsburgh, and London, Stellex Capital is a private equity firm with over $2.8 billion in AUM. Stellex seeks to identify and deploy capital in opportunities that stand to benefit from its operationally focused and hands-on approach to investing. Portfolio companies are supported by Stellex's industry knowledge, operating capabilities, network of senior executives, strategic insights, and access to capital. Sectors of particular focus include real economy & business services, manufacturing, aerospace, defense & government services, transportation & logistics, industrial technology, food processing and tech-enabled services. Additional information may be found at www.stellexcapital.com.
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