Grove Mountain Partners, a private equity firm specializing in investments in home service companies and specialty business service companies, has acquired a majority stake in Plimpton & Hills, wholesale distributor of plumbing and HVAC equipment in Connecticut and adjacent geographies.
Plimpton & Hills, a 125-year-old family-owned business, will retain the equity and board-level commitment of the Hills family.
“Grove Mountain Partners uniquely understands and respects Plimpton & Hills’ multi-generational customer relationships, its deep and first-class supplier base, and its well-known reputation for good service, inventory and integrity,” said Tripp Hills, former owner and president of Plimpton and Hills. “As part of this transaction, we are promoting Susan Montgomery to president. Susan embodies Plimpton & Hills’ devotion to customers, customer service and care for our associates.”
Plimpton & Hills has more than 20 locations in three states.