PE firm's earlier talks to buy John Padilla Plumbing fell through

Before Vazza's acquisition, the plumbing business had been in talks with a larger private equity company; those conversations fell through near closing, partly because ~50% of revenue came from property management work, which gave the PE buyer pause.

“my understanding is they had started conversations with like a larger private equity type of company. And then those conversations fell through like literally at the last yard line.”

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