L&S Mechanical, LLC

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L&S Mechanical, LLC - overview

Established

1985

Location

Richardson, TX, US

Primary Industry

Construction

About

L&S Mechanical, LLC is a US-based provider specializing in comprehensive heating, air conditioning, plumbing, and electrical services for residential and commercial properties, with a strong focus on customer satisfaction and efficient solutions. Founded in 1985 in Richardson, US, L&S Mechanical, LLC delivers essential mechanical services. The company was acquired by The Sterling Group from Bounds Equity Partners in September 2021, facilitating its growth strategy. CEO Cort Rohr leads the firm, enhancing its operational direction.


L&S Mechanical specializes in providing comprehensive heating, air conditioning, plumbing, and electrical services tailored for both single-family homes and commercial properties. With over 30 years of experience, the company has developed a deep understanding of how these systems interconnect and function, allowing for efficient diagnostics and repairs. L&S Mechanical serves a diverse client base, including homeowners, real estate developers, and commercial property managers, primarily in Texas, where they have completed installations and services for over 100,000 residences. Their approach prioritizes customer satisfaction, ensuring that technicians receive ongoing training to stay current with industry standards and practices.


The company's geographical reach includes major markets such as North Texas, Austin, Houston, and San Antonio, where they offer licensed plumbing and electrical solutions, as well as HVAC services. L&S Mechanical operates on a service-oriented revenue model, primarily engaging in direct transactions with consumers and businesses within their service areas. Customers typically reach out via phone for immediate service needs, resulting in on-site consultations and diagnostics. The company’s pricing structure for services is based on individual project assessments, ensuring that clients are only billed for necessary work without any commission-driven sales pressure.


L&S Mechanical’s offerings encompass a range of services, including air conditioning installation and maintenance, plumbing repairs, and electrical system services, all designed to meet the specific requirements of their clientele. By focusing on high-quality service delivery and customer trust, L&S Mechanical fosters long-term relationships with clients, thereby enhancing customer retention and repeat business. In September 2021, The Sterling Group acquired L&S Mechanical, LLC, aiming to expand the company's operational model in Texas and other states. This transaction will accelerate the company's growth plans and facilitate the introduction of new services.


Specific upcoming product launches or geographic expansions have yet to be detailed, but the funding from the acquisition will support these initiatives.


Current Investors

The Sterling Group

Primary Industry

Construction

Sub Industries

Water & Sewer Utilities, Construction, Heating, Cooling & Ventilation Equipment and Services

Website

www.lsmech.com

Verticals

Urban Planning

Company Stage

Mature

Total Amount Raised

Subscriber access only

L&S Mechanical, LLC - 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)
Secondary BuyoutCompletedL&S Mechanical, LLC-
GrowthCompletedL&S Mechanical, LLC-

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