GHK Capital Partners has completed its acquisition of USA Hometown Experts, a multi-trade residential and commercial services platform, for undisclosed terms. Memphis-headquartered USA Hometown offers HVAC, plumbing, electrical and other essential services across the Southeast US through a portfolio of eight local brands, some with roots dating back as far as 1908. Bill Sublette is the company's CEO.
GHK's investment is intended to help USA Hometown expand into new markets and add trades for its customers. The company will also pursue acquisitions across what the press release describes as a highly fragmented landscape. Gil Klemann, managing partner at GHK, said Sublette and his team "have built an exceptional business anchored by trusted local brands, a deep commitment to customer service, and a culture that attracts and retains best-in-class technicians."
Piper Sandler and Angle Advisors advised GHK, with Paul, Weiss, Rifkind, Wharton & Garrison and Weil, Gotshal & Manges as legal counsel. Citizens JMP Securities and Stephens advised USA Hometown, and DLA Piper provided legal counsel.
Greenwich, Connecticut-based GHK makes control investments in industrial companies across North America. Editor's note: This news brief was produced with the assistance of artificial intelligence.
Source: PE Hub · Summarized by HeadlinesBriefing