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Majority stake · Closed Jun 2021

John Wilson buys out parents to take majority ownership of Wilson Plumbing and Heating

Relationship map

Relationship map for John Wilson buys out parents to take majority ownership of Wilson Plumbing and Heatingparent ofJohn Wilson: Operating CompanyJWJohn WilsonWilson Plumbing and Heating: Operating CompanyWilson Plumbing and H…
Operating Company

Parties

Acquirer
John Wilson
Operating Company
Target
Wilson Plumbing and Heating
Operating Company

Summary

John Wilson purchased majority shares of his family business, Wilson Plumbing and Heating in Akron, Ohio, via a seller note to his parents: an initial 49% buy of his mother's stake, then another 49% in 2019, leaving his father a residual 2% stake.