Acree Plumbing, Air & Electric
Overview
Acree Plumbing, Air & Electric is a full-service residential HVAC, plumbing, and electrical contractor serving the greater Tampa Bay area. One of the region's most recognized home-services brands, in operation since 1967.
Ownership History
Founded in 1967 as a family-owned plumbing company. Grew over decades to include HVAC and electrical services. Acquired by LTP Home Services Group in February 2023. LTP has since rebranded as The Master Trades Group.
Deal Details
Acquired by LTP Home Services Group in February 2023. Hyde Park Capital served as financial advisor to Acree. LTP is backed by L Catterton.
Operational Changes
Brand name retained as 'Acree.' Positioned for growth through LTP's operational support, including marketing, procurement, and technology investments.
Market Impact
Acree's acquisition brought another major tri-trade Tampa Bay brand under PE control, further consolidating the market.
Key Events
LTP Acquires Acree Plumbing, Air & Electric
LTP Home Services Group acquires Acree, one of Tampa Bay's most recognized tri-trade brands founded in 1967, marking LTP's entry into the market.
Parent Platform
LTP Home Services Group (The Master Trades Group)
Backed by L Catterton