Shore Capital Partners Announces Partnership with Ackerman Plumbing, Inc.
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4:45 PM on Tuesday, January 21
The Associated Press
CHICAGO & SARASOTA, Fla.--(BUSINESS WIRE)--Jan 21, 2025--
Shore Capital Partners (“Shore” or “Shore Capital”) is pleased to announce its partnership with Ackerman Plumbing, Inc. (“Ackerman”), a commercial plumbing company based in Sarasota, Florida.
Ackerman Plumbing, a trusted name in the commercial plumbing industry, has earned a stellar reputation for its commitment to quality service and customer satisfaction. With this acquisition, Shore seeks to leverage Ackerman’s extensive industry experience and established market position to expand its footprint in the dynamic and evolving commercial plumbing industry.
"Joining forces with Shore Capital Partners is an exciting opportunity for our team and our customers," said Eric Ackerman, President of Ackerman Plumbing. "Shore's resources and similar vision for quality service and customer care will enable us to achieve even more for our clients and the community."
To support Ackerman’s growth plan, Shore assembled a diverse and talented Board of Directors led by John Sznewajs, Partner and Co-Head of Industrial Services at Shore. John said, “The Ackerman family built a strong culture and foundation for growth. We are thrilled to partner with the team to build the premier southeast commercial plumbing services provider.”
Together, Ackerman and Shore will explore growth opportunities through new partnerships and implementing organic growth strategies, while continuing to invest in Ackerman’s team and infrastructure. With Shore’s support, Ackerman is committed to providing clients with unparalleled commercial plumbing services and expanding its position as a market leader throughout the southeast.
“As we embark on this partnership, we recognize the Ackerman team and Eric’s exceptional leadership and unwavering commitment to excellence and customer service for the past 50 years,” said Shannon Finocchi, Vice President at Shore Capital. “Ackerman built a reputation as a premier brand in the industry, with a proven track record of growth and success. We are confident we will accelerate their momentum and unlock new opportunities to better serve existing clients and future customers.”
About Shore Capital Partners
Shore Capital, a Chicago-based private equity firm with offices in Nashville, is an investor in lower middle market companies in the Healthcare, Food and Beverage, Business Services, Industrial, and Real Estate industries. Shore’s strategy is to support management partners to grow faster with less risk through access to capital, world-class board and operational resources, and unmatched networking, development, and shared learnings across the portfolio. From 2020-2024, Shore received recognition from Inc Magazine as a 5x Top Founder Friendly Investor and by Pitchbook Research for being the global leader in Private Equity total deal volume from 2019-2023. Shore targets investments in proven, successful private companies with superior management teams, stable cash flow, and significant potential to grow through industry consolidation and organic growth to generate value for shareholders. Shore has approximately $11.5 billion of assets under management and in additional investment platforms to which it provides business and operational consulting services. For more information on these awards and investment platforms, please visit: www.shorecp.com.
About Ackerman Plumbing, Inc.
Founded in 1946, Ackerman Plumbing is a leading provider of commercial plumbing services, offering comprehensive solutions to clients. With a focus on delivering customer satisfaction, Ackerman Plumbing has become a trusted name in the commercial plumbing industry. Headquartered in Sarasota, Florida, Ackerman is actively seeking strategic partners who are excited for their next stage of growth. To learn more about Ackerman Plumbing, please visit https://www.ackermanplumbinginc.com/.
View source version on businesswire.com:https://www.businesswire.com/news/home/20250121662921/en/
CONTACT: Eric Ackerman
KEYWORD: FLORIDA ILLINOIS UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: CONSULTING CONSTRUCTION & PROPERTY PROFESSIONAL SERVICES BUSINESS SMALL BUSINESS BUILDING SYSTEMS UTILITIES ASSET MANAGEMENT OTHER PROFESSIONAL SERVICES ENERGY FINANCE
SOURCE: Shore Capital Partners
Copyright Business Wire 2025.
PUB: 01/21/2025 05:45 PM/DISC: 01/21/2025 05:44 PM
http://www.businesswire.com/news/home/20250121662921/en
