The residential service plumbing company is a perfect platform for the first-time business owner or an add on acquisition for someone currently in the plumbing business. This business’s entire portfolio consists of high-margin residential service. They currently do not do any remodel or new construction work and are in no way tied to the housing and new construction markets or the volatility that is generally associated with those markets.
The company has six employees plus the seller and is currently operated out of the seller’s home office with a rented storage unit housing their supplies and inventory.
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Merrell leads Viking Mergers and Acquisitions efforts in the Greenville / Spartanburg, Upstate South Carolina, Atlanta and North Georgia markets. Merrell comes to Viking with previous experience as a senior operating executive, entrepreneur, and private equity investor. He has broad operating experience ranging from his leadership of a $70 million HVAC distribution business for Carrier Corporation (a division of United Technologies Corporation) to his successful role as CEO of a $15 million private regional waste hauling business. As a private equity investor, Merrell led majority investments several companies including an $85 million environmental services business and a $40 million apparel manufacturer.
Earlier in his career, Merrell held corporate development roles in two technology startups – both of which successfully grew from venture funded startups to large public companies.
Merrell has a BA in Economics from Hampden-Sydney College and an MBA Simon School of Business at the University of Rochester in Rochester, NY.
