Acree Plumbing, Air & Electric
Plumbing / HVAC / Electrical · Tampa, Hillsborough County · Founded 1967 by Acree family; acquired by Victor Trino in 1989
About the company
Tampa home-services contractor founded in 1967 that began in the mobile-home HVAC market, was bought by Victor Trino in 1989, added plumbing in 2019 and electrical in 2021. Under president Michael Trino it served Hillsborough, Pinellas, Polk, Pasco, Manatee and Sarasota counties.
Ownership history
What changed after the sale
LTP CEO Jeff Cooper called Acree 'the preeminent home services company in the Tampa area, with a market leading position in HVAC and plumbing.' The release did not address brand retention, though the Acree name remains in use. LTP Home Services Group (parent of Len The Plumber) had itself been acquired by L Catterton from Thompson Street Capital Partners in March 2022, less than a year before this deal.
Only sourced observations are listed. Customers and employees can add what they saw.
Who really profits
Money paid to Acree Plumbing, Air & Electric now flows to LTP Home Services Group (Baltimore, MD), and from there to its investors — L Catterton, Thompson Street Capital Partners — whose funds are ultimately owed returns by their limited partners. 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.
Capital events at the platform level: 2022-03-28 exit — Thompson Street Capital Partners agrees to sell LTP Home Services Group to L Catterton, which positions LTP as a plumbing/HVAC consolidation platform.; 2022-04-28 exit — Thompson Street announces completion of the LTP sale.; 2022-03-22 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..
Read more: why prices rise after a sale · debt, exits and the 5-year clock.
Frequently asked
Who owns Acree Plumbing, Air & Electric?
Acree Plumbing, Air & Electric is owned by LTP Home Services Group, a private-equity platform headquartered in Baltimore, MD, whose capital has come from L Catterton and Thompson Street Capital Partners. The sale was announced February 9, 2023; the company still operates under its original name.
Is Acree Plumbing, Air & Electric private equity owned?
Yes. Acree Plumbing, Air & Electric is part of LTP Home Services Group, which is backed by L Catterton and Thompson Street Capital Partners. See the buyer profile for the capital structure.
Is Acree Plumbing, Air & Electric locally owned?
Not in the sense most homeowners mean. Control sits with LTP Home Services Group in Baltimore, MD, although the local brand name is still used.
When was Acree Plumbing, Air & Electric sold?
February 9, 2023 (announcement date).
Did Acree Plumbing, Air & Electric change its name after the sale?
No. Keeping the acquired brand name is standard practice for platforms; it preserves customer trust and reviews while ownership changes behind it.
Sources Verified — primary document
- Hyde Park Capital — press release. Sell-side advisor announcement of the sale to LTP
- citybiz — news. Acquisition coverage
- citybiz (2023-02-09) — press release. Date, 1967 founding, Trino family, six-county service area, trade expansion timeline, quotes
- PrivSource (2026-09-09) — other. Deal database entry: Tampa, February 9 2023
Researcher notes: Deal date, founding year, founder and post-sale changes are all gaps. Tampa location is asserted by the advisor and news headlines but was not verified against a primary company source.
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