Periculum Advises Hope Plumbing in its Sale to Redwood Services

Periculum Capital Company, LLC (“Periculum”) is pleased to announce it advised Hope Plumbing (“Hope” or the “Company”), an Indianapolis-based provider of residential plumbing services, in its recapitalization by Redwood Services (“Redwood”).

Periculum advised the Company on finding the right partner to preserve the Hope legacy and accelerate future growth.

Jack Hope and Brad Persic founded Hope Plumbing in 2007 with one truck and the vision to provide comprehensive, high-quality plumbing services to older Indianapolis homes. Hope’s customer-first mindset and dedication to tackling even the most complex plumbing issues resulted in consistent double-digit annual revenue growth over the last decade. Today, Hope is one of Indiana’s premier residential plumbing services companies, serving countless customers across central Indiana.

Periculum was introduced to the Hope team by a past client that understood the value of an investment bank. The Company had already been contacted by several interested parties and Periculum was engaged to manage a limited process that emphasized finding the right partner to support the Company’s growth in the rapidly consolidating residential services space. As one of the leading HVAC, plumbing, and electrical services platforms in the country, with 17 investments completed over the last five years, Redwood was the perfect partner to complement Hope’s people-first culture and enhance the Company’s service offering beyond its current footprint. Periculum facilitated and led negotiations with Redwood to ensure the Hope team received both upfront value for its best-in-class operations and future upside to capitalize on the Company’s significant growth opportunities.

Faegre Drinker Biddle & Reath LLP served as Hope’s legal advisor.
“We feel extremely fortunate to have had Zainab Bass and Matt Haskell from Periculum and Trevor Belden from Faegre Drinker on our team,” said Jack Hope. “They pushed for and demanded items we didn’t know existed while keeping us organized and on schedule. We absolutely could not have done this without them.”

About Periculum Capital Company, LLC
Periculum is a leading investment and merchant banking firm serving the corporate finance needs of middle market companies. The firm was founded in 1998 to provide sophisticated financial advisory and transaction services. Periculum is committed to achieving superior outcomes for its clients by delivering customized investment banking services that maximize value while still meeting clients’ individual goals and objectives. The firm’s primary services include M&A, capital markets, and restructuring advisory, as well as specialized merchant banking services.