Quick Fitting Inc.
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Quick Fitting Inc. - overview
Location
-, RI, US
Primary Industry
Industrial Machinery
About
Quick Fitting Inc. specializes in advanced push fitting technologies, offering a wide range of plumbing fittings and valves engineered for quick and efficient installation in residential and commercial environments. Quick Fitting Inc. focuses on innovative plumbing solutions through its flagship push fitting technologies.
The company is headquartered in Warwick, US. Matthew Boucher serves as the CEO. In November 2020, Paceline Equity Partners acquired a majority stake in the company, with financial terms undisclosed. The company has engaged in one notable deal.
Quick Fitting specializes in innovative push fitting technologies, providing a comprehensive range of high-quality plumbing fittings and valves designed for quick and easy installation. Their core offerings include repairable quick-connect fittings that cater to both residential and commercial applications, addressing the needs of HVAC, plumbing, and electrical systems. These products are aimed at facilitating efficient and reliable connections, significantly reducing installation time and labor costs. Quick Fitting serves a diverse customer base, including contractors, plumbers, and installers, primarily within the United States and select international markets.
The company has positioned its products to meet the demands of both professional users seeking durable solutions and end-users requiring dependable plumbing fixtures. Quick Fitting generates revenue through direct sales to contractors and plumbing professionals, as well as partnerships with wholesalers and retailers. The company’s transaction model often involves bulk purchases of their flagship products, which include patented push fittings and valves that come with an industry-leading 75-year warranty. This long warranty period enhances customer trust and positions the company favorably in competitive markets.
Transactions typically occur through established distribution channels, ensuring that customers receive timely access to the innovative fittings. While specific pricing structures are not disclosed, the company’s offerings cater to a wide range of end users, ensuring accessibility across diverse project scales and budgets. Quick Fitting plans to expand its product line with upcoming innovations in push fitting technologies, although specific release dates have not been announced. The company aims to penetrate additional international markets, targeting expansion into Europe and Asia by 2022.
The recent acquisition by Paceline Equity Partners will provide the necessary capital to support these initiatives, enabling the company to enhance product development and market entry efforts.
Current Investors
Paceline Equity Partners
Primary Industry
Industrial Machinery
Sub Industries
Industrial Machinery, Electrical, Plumbing & Hardware Distributors
Website
www.quickfitting.com
Verticals
Manufacturing
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Quick Fitting Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | Quick Fitting Inc. | - |
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