LTP Home Services Group
Baltimore, MD · Formed 1996 · CEO Jeff Cooper
How it operates
Residential plumbing and HVAC roll-up originally built under Thompson Street Capital Partners and sold to L Catterton in 2022. Acquires established local plumbing/HVAC/electric brands and operates them under their existing names. Its Tampa Bay entry was Acree Plumbing, Air & Electric, a long-standing Tampa contractor sold with Hyde Park Capital as advisor; it later added American Air & Heat in Central Florida.
Tampa Bay brands (1)
Acree Plumbing, Air & Electric
Deal history in the region
Capital events
Recapitalizations, sponsor changes, debt raises, bankruptcies and exits at the platform level. These set the clock that local brands live on.
- new sponsor — L Catterton agreed to acquire LTP Home Services Group from Thompson Street Capital Partners, which retained a minority stake and a board seat; terms undisclosed. [source]
- exit — Thompson Street Capital Partners agrees to sell LTP Home Services Group to L Catterton, which positions LTP as a plumbing/HVAC consolidation platform. [source]
- exit — Thompson Street announces completion of the LTP sale. [source]
Frequently asked
Who owns LTP Home Services Group?
LTP Home Services Group is owned by its investors — L Catterton, Thompson Street Capital Partners — together with management.
Which Tampa Bay companies does LTP Home Services Group own?
Does LTP Home Services Group keep the local brand names?
1 of 1 Tampa Bay brands we track still operate under their original names.
Is LTP Home Services Group private equity?
Yes — it is a private-equity-backed platform (see the capital chain above).
Sources Verified — primary document
- PR Newswire / L Catterton (2022-03-28) — press release. L Catterton acquisition of LTP
- Business Wire / Thompson Street (2022-04-28) — press release. Sale completion
- Hyde Park Capital — press release. Tampa-based Acree Plumbing, Air & Electric sold to LTP; Hyde Park Capital (Tampa) was sell-side advisor
- PR Newswire (2023-06-27) — press release. American Air & Heat add-on
- citybiz (2023-02-09) — press release. Acree acquisition and CEO quote
Researcher notes: Headline pages were located via search but the Acree and American Air & Heat releases were not individually fetched, so deal dates and Acree details are not fully verified. HQ, CEO and brand count are unconfirmed gaps.
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