Adeedo Drain, Plumbing, Heating, Air, & Electrical

Have updates for this profile? Please contribute data

= Subscriber Access Only

You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.

With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.

Adeedo Drain, Plumbing, Heating, Air, & Electrical - overview

Established

1949

Location

Los Angeles, CA, US

Primary Industry

Consumer Services

About

Adeedo is a service-oriented company specializing in plumbing, heating, air conditioning, and electrical services, primarily serving residential and commercial clients in Southern California. Founded in 1949 in Los Angeles, US, Adeedo provides essential plumbing, heating, air conditioning, and electrical services. In November 2020, the company was acquired by Service Champions, Inc. as part of a strategic acquisition.


The founder's history is not detailed in the available information. Adeedo offers a comprehensive range of plumbing, heating, and air conditioning (HVAC) services designed to address the needs of residential and commercial customers primarily in Southern California. The company’s core product offerings include drain clearing, sewer line repair, plumbing repairs, and HVAC installations, maintenance, and repairs. These services resolve common issues such as clogged drains, malfunctioning heating systems, and air conditioning failures, ensuring reliable access to essential home systems.


Adeedo targets a diverse clientele, including homeowners, renters, and property managers, and serves various urban and suburban areas throughout Southern California, including Los Angeles, Santa Monica, and Silver Lake. Adeedo's revenue generation is primarily driven by service-based transactions structured around direct-to-consumer offerings. Customers engage with the company for services such as plumbing repairs, HVAC installations, and emergency response services. The straightforward transaction structure allows clients to schedule appointments for assessments and subsequent work, which is billed at upfront pricing.


Pricing plans vary based on service; for instance, drain clearing and HVAC installations may be priced individually or bundled into maintenance plans. The company operates on a model that emphasizes customer satisfaction and retention, supported by their 100% Happiness Guarantee, reinforcing repeat business and client referrals. Adeedo's future growth strategy includes focusing on new market expansion throughout Southern California following its acquisition by Service Champions, Inc. The company will leverage recent funding received in November 2020 to support the development of new products and services aimed at enhancing its service offerings and operational efficiency.


Specific new product launches and expansion timelines are yet to be detailed.


Current Investors

Champions Group Holdings

Primary Industry

Consumer Services

Sub Industries

Home Repair Services, Heating, Cooling & Ventilation Equipment and Services

Website

www.adeedo.com

Company Stage

Add-on

Total Amount Raised

Subscriber access only

Adeedo Drain, Plumbing, Heating, Air, & Electrical - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedAdeedo Drain, Plumbing, Heating, Air, & Electrical-

Displaying 1 - 1 of 1

Time to go Pro

Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.