[arista]

[Pimlico Plumbers has been sold to
US home services group Neighborly.
The deal will see founder Charlie Mullins offload
his 90% stake in the group and
is expected to be worth between £125m and £145m,
according to the Financial Times.

The entrepreneur's son, Scott Mullins,
will retain a stake of about 10%,
and continue his role as chief executive.

The London-based firm currently makes
nearly $70m (£50.7m) in revenue a year,
and employs more than 400 workers.
Founded in 1979, Pimlico's services include
heating, plumbing, bathrooms,
drainage and electrics.
It completes an average of more than
100,000 service jobs for
central London homeowners and
businesses each year.]

https://www.bbc.co.uk/news/business-58632984




Sign Of The Times