private equityverified
L Catterton
Greenwich, CT · Founded 1989 · ~$10-100B AUM
In one paragraph. L Catterton is a private equity based in Greenwich, CT managing roughly $10-100B in assets. In Tampa Bay its capital sits behind LTP Home Services Group, which together control 1 local brand.
Why it invests in the trades
Consumer-focused firm that acquired LTP Home Services Group in 2022 and positioned it as a 'partner of choice' consolidator in plumbing and HVAC. LTP's Tampa Bay asset is Acree Plumbing, Air & Electric.
Platforms in Tampa Bay (1)
LTP Home Services Group
Baltimore, MD · formed 1996 · 1 local brands
Local brands ultimately backed by L Catterton (1)
Acree Plumbing, Air & Electric
Owned by LTP Home Services Group · backed by L Catterton
Deals
Frequently asked
What does L Catterton own in Tampa Bay?
Acree Plumbing, Air & Electric, through LTP Home Services Group.
Is L Catterton a private-equity firm?
Yes.
How long will L Catterton hold these companies?
Private-equity funds typically target a 3–7 year hold before a sale, recapitalization or continuation fund. See "Notable exits" for how this investor has behaved before, and Debt, exits and the 5-year clock.
Sources Verified — primary document
- PR Newswire / L Catterton (2022-03-28) — press release. LTP acquisition
Researcher notes: HQ and AUM band not confirmed by fetched sources. | Founding year and AUM band are general firm facts.
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