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Deal closed May 2003 · California Verified

Phoenix Land Associates Acquires H&N Plumbing

Phoenix Land Associates acquired H&N Plumbing of Carpinteria, California. The target will operate as part of Record-Wheatley Plumbing Services in Santa Barbara and is expected to generate $6 million in sales for 2003.

“Phoenix Land Associates has acquired H&N Plumbing of Carpinteria, Calif. Phoenix is based in Covington, La., and has been buying up various plumbing companies in the central coastal area of California. H&N Plumbing will operate as part of Record-Wheatley Plumbing Services, based in Santa Barbara. The unit expects 2003 sales of $6 million.”

Entities

Plumbing Sentiment: Neutral

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.