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Five Points Capital Supports the Acquisition of James LeCourt by Splash Plumbing

Five Points Capital Supports the Acquisition of James LeCourt by Splash Plumbing

July 2025 -- Splash Plumbing (“Splash”) has acquired James LeCourt Plumbing (“James LeCourt”).

 

Founded in 1998, Splash Plumbing is a provider of commercial plumbing services throughout Southern California. Pacific Backflow, a subsidiary of Splash Plumbing, specializes in backflow testing and repair services for commercial and residential properties.

 

Founded in 1991, James LeCourt is a regional provider of commercial plumbing and repair services in adjacent Southern California markets. The acquisition of James LeCourt expands Splash Plumbing’s geographic footprint and market presence by bringing together two great companies with exceptional teams.

 

Five Points Capital provided unitranche debt to support the acquisition of James LeCourt by Splash and plans to support Splash's future growth. Five Points Capital’s investment in Splash aligns with our 28+ year history of providing flexible financing solutions for the lower middle market and continuing our commitment to serving the capital needs of investors and management teams. The Five Points Capital deal team was led by Jonathan BlancoJason Prather, and Patrick Szczypinski.

FLEXIBLE DEBT & EQUITY CAPITAL SOLUTIONS FOR THE LOWER MIDDLE MARKET

OUR INVESTMENT PRODUCTS:

► Unitranche Debt

► Second Lien Debt

► Subordinated Debt

► Equity Co-investment

OUR PARTNERS:

 Funded Sponsors

► Independent Sponsors

 Direct Lending Partners

 Management Teams

TARGET COMPANY CHARACTERISTICS:

► Proven value proposition

► Defensible comptetitive advantages

► High free cash flow conversion

► Experienced management teams

► Strong equity capitalization

INVESTMENT TYPES:

► Buyouts

 Recapitalizations

 Acquisitions

INVESTMENT AMOUNT:

 $5 - 30 million in companies with $3 million of EBITDA or greater

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