Pimlico Plumbers' £100m sale marks end of an era for London icon
Pimlico Plumbers, a well-known London-based business, is set to be sold for around £100 million. Founded in 1979 by Charlie Mullins, the company has grown into a major employer with roughly 400 staff. A private equity investor now expects the deal to go ahead soon. Charlie Mullins started Pimlico Plumbers with just one second-hand van over four decades ago. Since then, the business has become a household name in London, known for its distinctive branding and large workforce. His son, Scott, currently manages the day-to-day operations.
Neighborly, a US home services giant owned by private equity firm KKR, has shown strong interest in buying the company. KKR acquired Neighborly from Harvest Partners only two months ago, signalling its ambition to expand further. Neighborly already owns several franchise-based brands, such as HouseMaster and Mr Appliance, making Pimlico Plumbers a natural fit for its international growth plans.
The potential sale aligns with Neighborly’s strategy to broaden its reach beyond the US. Industry observers note that Pimlico’s established reputation and scale in London would complement Neighborly’s existing portfolio. If the deal completes, Pimlico Plumbers will join Neighborly’s network of home service brands. The £100 million sale would mark the end of Charlie Mullins’ long ownership of the business. The acquisition would also strengthen Neighborly’s presence in the UK market.
Read also:
- Federal Funding Supports Increase in Family Medicine Residency Program, Focusing on Rural Health Developments
- Potential Role of DHA in Shielding the Brain from Saturated Fats?
- Alternative Gentle Retinoid: Exploring Bakuchiol Salicylate for Sensitive Skin
- Hanoi initiates a trial program for rabies control, along with efforts to facilitate the transition from the dog and cat meat trade industry.
