Threshold Brands, a multi-brand franchisor of trade service concepts, has added Plumbing Heating Paramedics (PHP) to their family of brands to expand their verticals in the franchise space. With plans to begin franchising the concept later this year, PHP will accompany MaidPro, FlyFoe, Men In Kilts, Pestmaster, and USA Insulation franchise brands.
Threshold Brands is owned by The Riverside Company, a global private investor focused on the smaller end of the middle market. PHP is an add-on investment to Riverside's franchise portfolio.
"The addition of PHP is a natural fit for our continued expansion of the Threshold Brands platform, allowing us to serve more customers and geographic footprints," said Riverside Managing Partner Loren Schlachet. "Riverside's investment in PHP is the most recent example of the firm's commitment to our franchise platform and an integral step in extending into the HVAC and plumbing end markets."
Founded in Indianapolis, PHP provides HVAC system repairs, HVAC system replacements, plumbing system repairs, and recurring maintenance check-ins to residential customers in the Indiana market. "Plumbing Heating Paramedics was founded in 2011 with one major goal of providing big city service with a small-town family feel," said PHP's founder and President, Ryan Carpenter. "When the opportunity to partner with Riverside and Threshold Brands came along, we knew it was the right opportunity to expand through franchising."
"With a reputation for best-in-class plumbing and HVAC services, PHP is an ideal partner for Threshold Brands," said Riverside Partner Brian Sauer. "We're looking forward to working with the combined team to provide that same level of service to more customers through franchising."