CPC Announces Acquisition of Trades Holding Company

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Aug 15, 2023, 14:54 ET

KANSAS CITY, Mo., Aug. 15, 2023 /PRNewswire/ -- CPC, LLC announced that it has completed the acquisition of Trades Holding Company, LLC ("Trades"), headquartered in Columbus, Ohio. Trades is a franchisee of Mr. Rooter and Mr. Electric and operates Right Restoration water mitigation services. Trades and CPC are dedicated to expanding into new markets and service lines while remaining true to the culture created by its founders and management. Trades is the third acquisition for CPC, LLC, a company formed to buy, build, and hold™ businesses with a long-term time horizon.

"Trades technician-centric business creates a foundation for the company's sustainable growth and employee retention which goes hand in hand with CPC's ongoing focus on the Five Key Battles™. This focus, along with the shift in consumer preferences to 'Do-It-For-Me' makes Trades a great addition to CPC's family of companies," said Wiley Curran, Chairman of CPC. "We are excited to grow within the Neighborly (franchisor) family of businesses."

"CPC's foundation in family-owned business, understanding of the values of our organization, and commitment to our growth makes them a great fit for us. We are looking forward to this partnership," commented Megan McKay, Trades President. Megan served a vital role in growing Trades over the last ten years and will remain heavily involved going forward as President.

About CPC
CPC is owned by large family offices and successful entrepreneurs that are collectively aligned around long-term decision making and wealth creation. It was formed from the merging of Curran Companies' and C3 Capital's management teams and seeks to deploy $600MM to $700MM into lower middle market businesses over the next five years. CPC does not use enterprise leverage to fund acquisitions, instead focusing management teams to excel in the Five Key Battles™: People, Systems and Processes, Execution, Customer Intimacy, and Product Leadership. Prior to forming CPC, the management team invested in more than 100 businesses covering a wide variety of industries. Learn more at cpc.llc. CPC Management, LLC is an investment adviser registered with the U.S. Securities and Exchange Commission. Registration does not imply a certain level of skill or training. More information about CPC Management, LLC can be found in its Form ADV Part 2, which is available upon request.

About Trades
Founded in 1994 by Jim Eble, Trades Holding Company is a franchisee operator of Mr. Rooter (plumbing) and Mr. Electric (electrical) residential home servicing brands and operates Right Restoration - an independent restoration business solely focused on water damage. Trades is the largest Mr. Rooter Franchisee and employs 250 full-time employees including 215 trade professionals across three markets in Ohio. Trades is dedicated to its technicians and committed to providing a superior journey from apprentice to retirement.

Boxwood Partners provided sell-side representation for Trades. Polsinelli and Lathrop GPM provided legal representation for the buyer and seller, respectively.

This document was prepared by CPC Management, LLC for the benefit and internal use of the party to whom it is directly addressed and delivered. None of the materials, nor any content, may be altered in any way, transmitted to, copied, reproduced, or distributed in any format in whole or in part to any other party without the express written consent of the Manager, which manages CPC, LLC. This press release contains one or more endorsements of the services of CPC Management, LLC. CPC Management, LLC did not compensate anyone for these endorsements, nor do they receive any form of indirect compensation. The experience discussed may not be the experience of every portfolio company or investor.

This document does not constitute, or form part of, an offer to purchase or issue interests in or any security or investment product. Any such offer or solicitation will only be made pursuant to a Confidential Private Placement Memorandum (together with any supplements thereto, the "Memorandum") and the relevant subscription documents, which will be furnished to qualified investors on a confidential basis at their request for their consideration in connection with the offering. Any decision by an investor to invest in the securities described herein should be made after a careful review of the Memorandum, the conduct of such investigations as an investor deems necessary or appropriate and after consultation with legal, accounting, tax, and other advisors in order to make an independent determination of the suitability and consequences of an investment in the securities.

SOURCE CPC Management, LLC