Ackerman: Shore Capital Partners Announces Strategic Partnership with Ackerman Plumbing
Deal News | Jan 27, 2025 | Shore Capital Partners LLC
Shore Capital Partners, a private equity firm with a focus on lower middle market companies, has announced a strategic partnership with Ackerman Plumbing, Inc., a commercial plumbing company based in Sarasota, Florida. Ackerman Plumbing is recognized for its quality service and customer satisfaction. The collaboration aims to leverage Ackerman's industry expertise and market position to facilitate growth, with Shore providing resources for business development, sales, marketing, and operational enhancement. A diverse Board of Directors has been organized to oversee the growth strategy, led by John Sznewajs from Shore Capital. This partnership marks an effort to expand Ackerman's footprint in the southeast commercial plumbing market, exploring new partnerships and organic growth strategies. Founded in 1946, Ackerman Plumbing has maintained a strong reputation and is eager to continue its growth trajectory with Shore's support. Shore Capital, recognized for its investment strategy in lower middle market companies, manages approximately $11.5 billion in assets.
Sectors
- Private Equity & Venture Capital
- Commercial Plumbing
- Business Services
Geography
- United States – Shore Capital is headquartered in Chicago with offices in Nashville and operates across the U.S., while Ackerman Plumbing is based in Sarasota, Florida.
- Southeast United States – The partnership aims to expand Ackerman Plumbing's market presence throughout the Southeast region.
Industry
- Private Equity & Venture Capital – Shore Capital Partners is a private equity firm that invests in lower middle market companies across various sectors.
- Commercial Plumbing – Ackerman Plumbing operates within the commercial plumbing industry, providing comprehensive plumbing solutions.
- Business Services – This relates to the strategic growth and operational services provided by Shore Capital to Ackerman Plumbing.
Financials
- $11.5 billion – Assets under management by Shore Capital Partners.
Participants
Name | Role | Type | Description |
---|---|---|---|
Shore Capital Partners LLC | Private Equity Firm/Investor | Company | A Chicago-based private equity firm investing in lower middle market companies. |
Ackerman Plumbing, Inc. | Target Company | Company | A leading provider of commercial plumbing services, based in Sarasota, Florida. |
Eric Ackerman | President of Ackerman Plumbing | Person | Leader of Ackerman Plumbing, instrumental in forming the partnership with Shore Capital. |
John Sznewajs | Partner and Co-Head of Industrial Services at Shore | Person | Leads the Board of Directors formed to support Ackerman’s growth. |
Shannon Finocchi | Vice President at Shore Capital | Person | Acknowledged the partnership and its potential to enhance Ackerman's market presence. |