Thompson Street Capital Partners

St. Louis, MO · Founded 2000 · ~$1-10B AUM

In one paragraph. Thompson Street Capital Partners is a private equity based in St. Louis, MO managing roughly $1-10B 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

Prior owner of LTP Home Services Group, under which the business quadrupled through organic growth and six add-on acquisitions. It retained a minority stake and a board seat after selling to L Catterton in 2022.

Platforms in Tampa Bay (1)

LTP Home Services Group

Baltimore, MD · formed 1996 · 1 local brands

Local brands ultimately backed by Thompson Street Capital Partners (1)

SOLD 2023 Plumbing · HVAC · Electrical

Acree Plumbing, Air & Electric

Tampa, Hillsborough County · est. 1967

Owned by LTP Home Services Group · backed by L Catterton

Deals

February 9, 2023
L Catterton-backed LTP Home Services Group acquires Tampa's Acree

Acquisition Acree Plumbing, Air & Electric → LTP Home Services Group (backed by L Catterton)

Notable exits — what happened next

How this investor has behaved when the clock ran out elsewhere.

LTP Home Services Group (2022) → L Catterton. Thompson Street announced completion of the sale on April 28, 2022. Under L Catterton, LTP continued adding Florida brands including American Air & Heat; Tampa's Acree Plumbing, Air & Electric remains under the LTP umbrella. [source]
LTP Home Services Group (2022) → L Catterton. TSCP retained a minority stake and board seat; terms undisclosed. TSCP said the business quadrupled during its ownership. [source]

Frequently asked

What does Thompson Street Capital Partners own in Tampa Bay?

Acree Plumbing, Air & Electric, through LTP Home Services Group.

Is Thompson Street Capital Partners a private-equity firm?

Yes.

How long will Thompson Street Capital Partners 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

Business Wire / Thompson Street (2022-04-28) — press release. Completion of LTP sale
PR Newswire (2022-03-22) — press release. Sale to L Catterton, minority retention, growth statistics
Thompson Street Capital Partners (2026-09-09) — platform site. Portfolio page for LTP Home Services Group

Researcher notes: HQ and AUM band not confirmed by fetched sources. | Founding year and AUM band are general firm facts.

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