Grove Mountain Partners acquires majority stake in distributor Plimpton and Hills

PE firm Grove Mountain Partners acquired a majority stake in Plimpton and Hills, a 125-year-old wholesale distributor of plumbing and HVAC equipment in Connecticut, with the Hills family retaining equity and board involvement.

“Grove Mountain Partners, a leading private equity firm specializing in investments in home service companies and specialty business service companies, announces the acquisition of a majority stake in Plimpton and Hills, the premier wholesale distributor of plumbing and HVAC equipment in Connecticut and adjacent geographies.”

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.