Repipe Specialists Expands with A-1 Total Service Acquisition
Deal News | Jan 16, 2025 | Gryphon Investors
Repipe Specialists, a leader in the residential and commercial piping industry, has announced its acquisition of A-1 Total Service Plumbing, a full-service provider based in Los Angeles. Supported by Gryphon Investors, a mid-market private equity firm, the transaction aims to broaden Repipe's service offerings nationally. A-1, known for its plumbing and pipe rehabilitation services, will maintain its current management team, with founder Raymond Gray retaining significant ownership. This acquisition marks the first under Gryphon's Heritage Fund strategy since acquiring Repipe in 2022, reflecting their commitment to expanding Repipe's brand and product lineup. The strategic alignment is designed to enhance Repipe’s capabilities and underline its position as a premier nationwide provider.
Sectors
- Plumbing and Piping Solutions
- Private Equity
- Commercial Services
Geography
- United States – Both Repipe Specialists and A-1 Total Service Plumbing are based in California, USA, and the acquisition impacts nationwide services.
Industry
- Plumbing and Piping Solutions – The article focuses on the acquisition within the plumbing and piping industry, where Repipe and A-1 operate.
- Private Equity – Involves Gryphon Investors, a private equity firm facilitating the acquisition.
- Commercial Services – Repipe and A-1 offer commercial services, which are a core part of their business operations.
Financials
- Not Disclosed – The financial terms of the acquisition were not publicly shared.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Repipe Specialists | Acquiring Company | Company | A leader in residential, multi-family, and commercial repiping services, based in Burbank, California. |
| A-1 Total Service Plumbing | Target Company | Company | LA-based provider of plumbing and lining services. |
| Gryphon Investors | Private Equity Firm | Company | A middle-market private equity firm supporting Repipe's expansion. |
| Raymond Gray | Founder/Owner | Person | Founder and owner of A-1, retaining significant ownership post-acquisition. |
| Jay Teresi | CEO | Person | CEO of Repipe Specialists. |
| Jeff Pembroke | Operating Partner | Person | Operating partner at Gryphon Investors co-heading their Heritage Fund. |
| Lambert | Contact/PR | Company | Public relations firm handling communications for the deal. |