BOSTON, MA – July 17, 2020 – Dubin Clark & Company, a private equity firm focused on lower middle market specialty service and branded niche manufacturing businesses, announced today that it has invested in a new portfolio company, Affordable Water Heaters and Plumbing, Inc. (“AWHAP”).
AWHAP is a leading in-home provider of water heater replacement, repair and installation services, including ancillary plumbing services. AWHAP has established a reputation for expertise, workmanship, and honesty that sets them apart in the market. AWHAP was founded in 1995 and is headquartered in Valencia, California.
“We are very excited about our investment in AWHAP, which provides differentiated services and represents a strong and scalable platform for growth,” stated Michael Hompesch, Partner at Dubin Clark. “We look forward to partnering with the AWHAP management team to grow by continuing to develop the operational platform and completing acquisitions.”
AWHAP’s Founder and President, Lee Roux, added, “Since 1995, our team has continuously strived to deliver high quality products and in-home services in the water heater industry. We chose Dubin Clark as a partner for the next stage of our growth because we felt their expertise in specialty services would help guide and support our growth and expansion without compromising our reputation for high quality and excellent service.”
William & Henry Associates provided M&A advisory services to AWHAP as part of the transaction.
About Affordable Water Heaters and Plumbing, Inc.
Since 1995, Affordable Water Heaters and Plumbing, Inc. has served as a leading, in-home service provider for same-day/emergency water heater replacements, gas and electric water heater repair and installation, tankless water heater installation as well as a variety of others water heater and plumbing services. For more information, visit www.awhap.com.