News

Oct 2021

Audax Private Debt Provides Financing to Support Len the Plumber’s Acquisition of Service Today

Audax Private Debt announced that it acted as Documentation Agent in a unitranche credit facility to support the acquisition of Service Today by Thompson Street Capital Partners’ (“TSCP”) portfolio company, Len the Plumber (the “Company”). TSCP is a St. Louis-based private equity firm focused on investing in founder-led middle market businesses across in the Life Sciences & Healthcare, Software & Technology, and Business & Consumer Services and Products sectors.

Headquartered in Baltimore, MD, Len the Plumber is a provider of plumbing, HVAC, and electrical repair and maintenance services to residential customers primarily in the mid-Atlantic region. The Company offers same-day, repair-oriented services through established brands in Pennsylvania, Delaware, Maryland, Virginia, and New Jersey.

“Len the Plumber has differentiated itself as a leading provider of plumbing, HVAC, electrical repair, and other complimentary services for residential customers across the mid-Atlantic region, delivering excellent quality and customer service,” said Blake Loweth, Managing Director at Audax Private Debt. “We’re excited to once again partner with Thompson Street and look forward to the continued growth of the Company under their ownership.”

About Len the Plumber
Headquartered in Baltimore, MD, Len the Plumber is a provider of plumbing, HVAC, and electrical services to residential customers in the mid-Atlantic. The Company offers same-day, repair-oriented services in Pennsylvania, Delaware, Maryland, Virginia, and New Jersey through locally known brands.