Portfolio: Direct Investments

Orlando, Florida (February 27, 2024) – Seacoast Service Partners (“SSP”), a platform formed by White Wolf Capital Group dedicated to providing top-tier plumbing, HVAC (Heating, Ventilation, and Air Conditioning) and refrigeration services across the Southeastern United States, is pleased to announce its acquisition of Shamrock Plumbing & Drain Cleaning (“Shamrock”) the platform’s third acquisition.

Shamrock is a leading provider of residential and commercial plumbing services throughout the Central Florida region. This acquisition solidifies SSP’s commitment to delivering exceptional plumbing services under the SSP brand.

Blake Conner (Managing Director) of White Wolf Capital Group (“White Wolf”), expresses enthusiasm about this strategic acquisition, stating, “The acquisition of Shamrock Plumbing is a further continuation of Seacoast’s ongoing expansion and growth throughout Florida. We’re thrilled to welcome the Shamrock team and their customers into the Seacoast family of companies.”

About Shamrock Plumbing and Drain Cleaning

Founded in 2003 by Mark Norman, a Dublin-born plumbing professional, Shamrock Plumbing & Drain Cleaning has since grown significantly due to its dedication to customer service and commitment to quality performance. The company specializes in servicing both residential and commercial in the Central Florida area, providing a wide range of services including repairs, installations, and emergency services. In addition to their technical prowess, Shamrock places a high emphasis on customer service. With at least one technician on call at all times, Shamrock offers 24-hour emergency service. The company has received over 1,000 client testimonials highlighting their professionalism, punctuality, quality, responsiveness, and value.

About Seacoast Service Partners

Formed by White Wolf Capital Group, SSP is an active acquirer of plumbing, HVAC, and refrigeration businesses in the Southeastern United States. SSP’s strategy is to acquire and partner with profitable companies that provide high-quality value to their customers. SSP is uniquely positioned to further strengthen already established companies in the fragmented market of home and commercial services. By leveraging resources, SSP seeks to offer expanded services, increased efficiency, and improved profitability for partner companies. With a focus on the Southeast region, SSP is prepared to become a significant player in the local market while delivering superior customer service and value to its customers. Through its development strategy, SSP goal is to become the leading provider for plumbing, HVAC, and refrigeration services in the Southeast.

Seacoast Service Partners Criteria

SSP is actively seeking add-on acquisition opportunities that meet the following criteria:

• Plumbing, HVAC, and refrigeration businesses based in the Southeastern United States.
• Companies that have a history of providing exceptional customer service and quality workmanship.
• Firms that have a loyal customer base and strong relationships with suppliers and vendors.
• Businesses that have a strong management team in place and a proven history of delivering value to customers.
• Companies that have the potential to expand geographically and/or offer complementary services to Seacoast’s existing business lines.

About White Wolf Capital Group

White Wolf Capital Group is a diversified investment management firm that provides investors with access to both private and public strategies.

White Wolf’s private capital strategies include private equity, private credit, and private funds.

In general, White Wolf Capital Group seeks private equity and private credit investment opportunities in companies with $20 million to $200 million in revenues and up to $20 million in EBITDA. Typical situations include management buyouts, leveraged buyouts, recapitalizations, and investments for growth. Preferred industries include manufacturing, business services, government services, information technology, security, aerospace, and defense. White Wolf’s private funds strategy involves investing with other private fund managers as a limited or financing partner. Targeted investment candidates are North American-focused private credit funds looking to raise $50 million to $500 million, with a focus on the lower-middle and middle-market.

White Wolf’s publicly traded strategy provides investors with exposure to liquid alternatives through an actively managed exchange-traded fund (ETF). This fund enables investors to access publicly traded private equity and private credit. The publicly traded fund offers additional liquidity options in the public market while providing opportunities for both current income yield and long-term capital appreciation.

For further information, please visit https://www.whitewolfcapital.com.

White Wolf’s office locations include Miami, Chicago, Montreal, and New York City.