#United States #Houston #Charlie's Plumbing #Carroll Capital

Carroll Capital Acquires Charlie's Plumbing: A New Chapter in Texas Plumbing

In a strategic move aimed at expanding its footprint in the commercial plumbing sector, Carroll Capital, a family investment office, has acquired Charlie's Plumbing, a well-established service provider in the Houston area. This acquisition signifies a promising partnership with the founding family, as they gear up to explore new opportunities across Texas. Charlie's Plumbing is renowned for its 24/7 services, including both scheduled and emergency repairs for water, gas, and sewer applications, catering to a diverse clientele that includes commercial, hospitality, educational, and healthcare sectors.

Founded in 1979, Charlie's Plumbing has built a solid reputation over the last four decades, often becoming the go-to partner for Houston's most sophisticated businesses. The company has thrived under the leadership of President and CEO Merrill Crawford alongside Vice Presidents Logan Whitt and Austin Whitt, who have committed to maintaining their roles while integrating Carroll Capital into their operations.

Emphasizing Growth and Quality

Merrill Crawford expressed his enthusiasm for the partnership, noting, "I was looking for a partner to join Charlie's who shared the same values our Company has been built upon – taking care of clients and employees and prioritizing sustainable growth." He believes that Carroll Capital, which places a strong emphasis on preserving local brands, is uniquely positioned to assist in the company's expansion into new markets.

This partnership is not merely an acquisition; it represents a shared vision for growth. Carroll Capital aims to bolster the services offered by Charlie's Plumbing, enhancing its ability to serve an elevated standard of excellence that has become synonymous with its brand. With the backing of Carroll Capital, Charlie's Plumbing can capitalize on its established reputation while garnering additional resources to explore potential service expansions.

Focus on Expansion and New Markets

Carroll Capital's strategy revolves around nurturing Charlie's growth in Houston while also spearheading expansion initiatives across other major Texas markets. This aligns seamlessly with Charlie's existing portfolio, which now includes its Draft Horse Division, a specialized branch that installs and maintains draft beverage systems for hospitality customers. By offering a cohesive set of services tailored to commercial needs, the firms aim to create a full-service plumbing provider that addresses market demands comprehensively.

The collaboration is expected to yield a long-term growth strategy that will not only enhance Charlie's reputation as the leading plumbing service provider in Houston but will also carve out new pathways for success across Texas. Insights from both partners suggest that this growth will include developing additional complementary services in areas such as food service and refrigeration — addressing the growing needs of diverse industry sectors.

Expert Guidance and Support

In navigating this pivotal transition, Carroll Capital has enlisted the expertise of legal and financial advisors. Ice Miller provided legal counsel, while FTI served as the accounting advisor for Carroll Capital throughout the acquisition process. Moreover, the firm received debt financing from the Bank of Montreal to support this ambitious venture. The alliance with Charlie's Plumbing is not just another investment for Carroll Capital; it reflects a commitment to fostering operational excellence across the service sector.

As they embark on this exciting journey together, both parties remain focused on preserving core values that prioritize customer service, quality, and employee engagement. Charlie's Plumbing has always prided itself on being a responsive partner for its clients, and with Carroll Capital's support, the firm is poised to enhance its service offerings and broaden its reach.

For those interested in following the development of this partnership and the progression of Charlie's Plumbing, further details and updates will be available on their respective websites: Charlie's Plumbing and Draft Horse. This new chapter of growth promises to be an exciting one, as Carroll Capital and Charlie's Plumbing work together to redefine service excellence within the plumbing industry in Texas.