LTP Home Services Group (The Master Trades Group)
Backed by L Catterton
History & Strategy
LTP Home Services Group is a PE-backed platform focused on acquiring and growing residential home-services companies. The acquisition of Acree Plumbing, Air & Electric in February 2023 marked LTP's entry into the Tampa Bay market. LTP has since rebranded as The Master Trades Group.
Business Model
LTP focuses on partnering with established home-services brands, providing capital and operational support for growth while retaining local brand identities and management teams.
PE Backer: L Catterton
L Catterton is the largest global consumer-focused private equity firm with approximately $35 billion in equity capital. Backed by LVMH and Groupe Arnault.
Operational Practices
Growth-oriented approach with investments in marketing, technology, and procurement. Retains local brand names and management while providing PE-level operational resources.
Tampa Bay Portfolio
Timeline
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.