Architecture, Engineering, Construction & Building Products
Meridian Capital Advises Mike Counsil Plumbing on its Sale to the SEER Group
Published January 10, 2024
Meridian Capital LLC (“Meridian”), a Seattle-based leading middle market investment bank and M&A advisory firm is pleased to announce the successful acquisition of its client, Mike Counsil Plumbing, Inc. (“MC Plumbing” or the “Company”) by The SEER Group (“SEER”).
Founded in 1994, MC Plumbing is a family-owned plumbing and rooter provider based in San Jose, California. Known for its professional service and dedicated team of plumbing technicians, the Company offers a broad range of residential plumbing solutions, including repairs, installations, and maintenance. With a commitment to customer satisfaction and community involvement, MC Plumbing has established itself as a trusted name in the South Bay Area plumbing industry over the past three decades.
MC Plumbing will continue to further grow and operate under its recognized brand and reputation in the South Bay Area while leveraging The SEER Group’s operational and marketing resources to accelerate growth. MC Plumbing customers will continue to receive best-in-class plumbing services throughout the South Bay Area. Mike Counsil, President and Owner of MC Plumbing will remain as a leader and shareholder of the business.
“I am incredibly thrilled to be joining The SEER Group ,” said Mike Counsil, “The values and culture of SEER perfectly match ours, which made this decision a no-brainer. This decision was one I put a lot of thought into as this Company and my team have been my passion for my entire career. This partnership with SEER continues the legacy of Mike Counsil Plumbing and ensures my team is taken care of for the future.”
Mike added, “Finding a business partner is an exhilarating yet arduous journey. Navigating the intricate negotiations, financial scrutiny, and emotional attachments can be overwhelming. Through this process, Meridian Capital emerged as an invaluable guiding light, orchestrating the process with unparalleled expertise, unwavering support, and an astute understanding of our unique journey.”
Brandon Leyert, Vice President at Meridian stated, “Mike Counsil and the MC Plumbing team have built an incredible company that is a leading provider in their South Bay Area markets. It was an honor to work with Mike, Sean, Patty, Lynn, and the entire MC Plumbing team, and we’re excited to see the Company’s continued growth with SEER as a partner for years to come.”
Meridian Capital served as the exclusive financial advisor to MC Plumbing on the transaction while M&A Counsel, Inc. and Stone Law Offices, Ltd. provided legal advisory services.
MC Plumbing’s partnership with The SEER Group represents continued momentum for Meridian’s Residential & Commercial Services team within the Engineering, Construction, and Building Products Practice. Other recent transactions include:
- Mercurio’s acquisition by Turnpoint Services
- CM Heating’s acquisition by Air Pros
- Rubicon’s Growth Investment from Corbel Partners
About MC Plumbing
Mike Counsil Plumbing and Rooter (“MC Plumbing” or the “Company”) is one of the top-rated plumbing companies in the South Bay Area, providing a wide range of repairs, installations, and maintenance services. Founded in 1994 and based in San Jose, CA, MC Plumbing has proudly built a relationship with thousands of residential customers founded on providing the best quality service and comprehensive Plumbing expertise. With a commitment to customer satisfaction and years of experience, MC Plumbing has established itself as a trusted name in the plumbing industry in the South Bay Area. For more information, please visit: https://mcplumbing.com/.
About The SEER Group Headquartered in the Pacific Northwest, Washington, The SEER Group LLC was established to bring together industry-leading residential and commercial HVAC, electrical, and plumbing companies. Its mission is to help its partner company owners grow their businesses, achieve their financial goals, and facilitate planned exit strategies. Through flexible investment solutions, The SEER Group LLC provides entrepreneurs with the opportunity to sell all or part of their businesses depending on their financial goals and other objectives. For more information visit https://theseergroup.com/.
For more information, please contact:
Director
About Meridian Capital
Meridian Capital LLC is a leading independent middle market M&A advisory firm with locations in Seattle, Salt Lake City, the Bay Area, and Portland. Meridian has served as a trusted advisor to business owners on complex corporate finance, M&A and strategic challenges for over 29 years. The firm differentiates itself through its deep industry insights, highly customized service approach, and end-to-end commitment to execution. With a unique combination of financial, transactional, and operational professionals on your side, Meridian offers the depth and breadth of experience required to serve leading middle market companies in multiple sectors including aerospace defense & space, food, beverage & agribusiness, business services, consumer, diversified industrials, engineering & construction, building products, technology, and telecommunications. Meridian also offers clients unparalleled cross-border capabilities through its REACH M&A Partners network.
