RAW Ventures
Operator-led acquisition & investment
Home Services · Texas
Plumbing is one of the most resilient home-service categories in Texas — non-discretionary, license-protected, and rich in recurring repair work. The right operator with retained licensed plumbers and a clean dispatch system is a premium asset.
Valuation
Residential service-and-repair plumbers with a membership base and same-day dispatch trade at the high end. New-construction-heavy shops trade lower due to GC concentration and longer cash cycles.
EBITDA Multiple
3.5x – 6.0x Adjusted EBITDA
Revenue Multiple
0.5x – 1.1x trailing revenue
Educational ranges based on RAW Ventures' active Texas deal flow. Your business will be valued on its specific financials and risk profile.
What Drives Value
Common Detractors
Acquisition Criteria
Revenue
$2M – $30M
EBITDA
$400K – $5M
Geography
Texas-headquartered (DFW, Houston, Austin, San Antonio, or surrounding metros) strongly preferred; nationwide operators welcome.
Notes
TSBPE-licensed; service, commercial, or blended.
Succession & Structure
Not every Plumbing owner wants the same exit. We structure transactions around your timeline, your tax picture, and your relationship with the team.
Explore Succession Hub →Anonymized Texas Case Studies
South Texas
$6.8M revenue / $1.1M EBITDA
Majority recap, founder retained 25%
Founder wanted to de-risk personally but keep upside. Closed a clean majority recap, brought in a GM, and the founder stayed two days a week.
Frequently Asked
No. We work through licensure transitions every deal, either by recruiting a qualifying RMP or by structuring your continued involvement for a defined period.
Yes, when the GC mix is diversified and margins are healthy. We're more selective here than on service.
Confidential Inquiry
Principal-to-principal. No fees. NDA on request. We reply within one business day.
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