Burton Plumbing Services Completes Second Add-on Acquisition
The Partners of ShoreView are pleased to announce that Burton Plumbing Services, LLC (“Burton”), a ShoreView portfolio company, has acquired Allen Service (“Allen Service”).
Allen Service is a provider of HVAC and plumbing services and focuses on installation and repair for residential customers. Allen Service is based in Fort Collins, Colorado.
Headquartered in Omaha, Nebraska, Burton is a provider of HVAC and plumbing services to residential and commercial customers. ShoreView invested in Burton in March of 2020. The acquisition of Allen Service represents the second add-on completed during ShoreView’s ownership. The acquisition expands Burton’s geographic reach into the Rocky Mountain region and adds meaningful scale to Burton’s field technician staff and service vehicle fleet. For more information on Burton visit its website at www.justcallburton.com.
ShoreView and Burton continue to look for additional add-on opportunities. Attractive candidates will generally be residential HVAC or plumbing focused, have at least $2 million of revenue, and be located within the geography of the Central or Mountain time zones.
Founded in 2002, ShoreView is a Minneapolis-based private equity firm that has raised over $1.3 billion of committed capital across four funds. ShoreView partners with family or entrepreneurial-owned companies across many sectors, including engineered products, distribution, industrial services, business services, healthcare, and niche consumer products. ShoreView structures a variety of acquisition, recapitalization and build-up transactions, typically in businesses with revenues ranging between $20 million and $300 million.