VRA Advises Jenkins Plumbing, LC on its Sale to Jasper Holdings, Inc.
VRA is pleased to announce the sale of Jenkins Plumbing Company, LC ("Jenkins", "Jenkins Plumbing" or the "Company") to Jasper Holdings, Inc. ("JHI" or "Jasper Holdings"). VRA acted as the exclusive financial advisor to Jenkins Plumbing. Terms of the transaction were not disclosed.
Jenkins is the leading residential plumbing contractor serving homebuilders across the Southeastern United States, with a strong presence in high-growth housing markets including Georgia, Florida, South Carolina and North Carolina. The Company partners with many of the nation's largest homebuilders to deliver high-volume, single-family plumbing installations and has established a reputation for reliability, scale and consistent execution across its regional footprint.
"The VRA team did an outstanding job representing our family and Jenkins Plumbing in this important transaction," said Mike and Mark Jenkins, Co-Founders of Jenkins Plumbing. "VRA worked tirelessly throughout the process and helped us create an exciting and lasting partnership with Jasper Holdings for which we are very grateful."
Jasper
Holdings and Jenkins Plumbing will work together to support the Company's
continued growth and strengthen its position as the leading plumbing contractor
in the Southeast. The partnership brings together Jenkins' strong regional
reputation, deep customer relationships and experienced leadership with
Jasper's long-term ownership model and commitment to investing in
high-performing, family-owned businesses.
Jenkins Plumbing
Founded over thirty years ago, Jenkins began as a traditional plumbing contractor and has grown into a scaled, Southeastern platform serving many of the nation's largest homebuilders. The Company specializes in plumbing installation services for single-family homes and operates from a network of strategically located branches throughout the Southeast. Jenkins' growth has been driven by its long-standing customer relationships, experienced leadership team and ability to consistently meet the demands of high-volume residential construction. Learn more at www.jenkinsplumbing.com.
Jasper Holdings
Jasper Holdings is a 100% employee-owned company based in Jasper, Indiana. JHI is the parent company of several subsidiaries, including Jasper Engines and Transmissions, Jasper Electric Motors, Jasper Innovative Solutions, Weller Truck Parts, Diesel USA Group, D&W Diesel and Jer-Den Plastics. Jasper Holdings ranks as the 27th largest Employee Stock Ownership Plan (ESOP) in the nation. JHI specializes in remanufacturing and distribution and is a significant player in the automotive and trucking aftermarket as well as other industries. The company is recognized for its commitment to high-quality products, continuous improvement and an employee-ownership culture. Learn more at www.jasperholdingsinc.com.