The Master Trades Group

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The Master Trades Group - overview

Established

1996

Location

Baltimore, MD, US

Primary Industry

Heating, Cooling & Ventilation Equipment and Services

About

The Master Trades Group, based in the US, specializes in providing essential plumbing, heating, and air conditioning services to homeowners, ensuring comfort and reliability in their living environments. Founded in 1996 in Baltimore, US, The Master Trades Group operates under the brand Len The Plumber, offering a range of home service solutions. The company has completed two deals as of March 2022, when L Catterton acquired Len The Plumber, though financial terms were not disclosed. Jeff Cooper leads the company as CEO, steering it through its expansion in the home services sector.


Len The Plumber Heating & Air provides comprehensive plumbing, heating, and air conditioning services tailored to meet various home service needs. Their services encompass emergency plumbing repairs, routine maintenance, and installations, including water heaters and HVAC systems, effectively addressing household issues like burst pipes and clogged drains. The company caters to over 60,000 families annually across multiple markets, including Baltimore, Washington, D. C.


, Northern Virginia, Pennsylvania, Delaware, and New Jersey. Len The Plumber Heating & Air operates a service-based revenue model, primarily engaging in direct-to-consumer transactions. They provide same-day services for plumbing repairs and HVAC maintenance without extra charges for evenings or weekends. Their revenue structure includes fees for individual services and a subscription-based Whole Home Service Plan, which offers customers maintenance for plumbing and HVAC systems with reduced repair rates, bolstered by a 100% satisfaction guarantee to enhance consumer trust and loyalty.


Following the acquisition in March 2022, The Master Trades Group aims to further its growth through a proven acquisition strategy, expanding into new markets and enhancing its presence in existing regions. The company is committed to designing new service offerings to meet evolving customer needs. Recent funding will facilitate these initiatives, allowing the company to capitalize on opportunities in various geographical areas, thus ensuring a solid foothold in the competitive landscape of home services.


Current Investors

Thompson Street Capital Partners

Primary Industry

Heating, Cooling & Ventilation Equipment and Services

Sub Industries

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

Website

www.lentheplumber.com

Total Amount Raised

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The Master Trades Group - 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-onCompletedFreedom Air and Heat, Inc.-
Add-on, Trade SaleCompletedStan's Heating and Air Conditioning Inc.-
Add-onCompletedAmerican Air & Heat, Inc.-
Add-onCompletedAcree Plumbing, Air & Electric-
Secondary BuyoutAnnouncedThe Master Trades Group-

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