Plumb-In-Time, Plumbing Services Inc. Raises More Than $3.75 Million in Financing
Atlanta - Plumb-In-Time, Plumbing Services Inc., a national installation, repair, and plumbing replacement service provider, has raised $3.75 million to fund its rapid expansion.
Atlanta, GA (PRWEB) November 7, 2006
Atlanta - Plumb-In-Time, Plumbing Services Inc., a national installation, repair, and plumbing replacement service provider, has raised $3.75 million to fund its rapid expansion. The round was led by Fulcrum Ventures, an Atlanta-based venture capital firm that invests in a broad range of rapidly growing companies who together with Asset Growth Strategies (AGS), a Southeast - based group of private investors completed the financing. "We think Plumb-In-Time is uniquely positioned to take advantage of the growing demand among retailers, warranty and service contract providers, and manufacturers for consistent, high quality services on a national basis," said Frank X. Dalton, Partner with Fulcrum Ventures.
Plumb-In-Time clients include The Home Depot, General Electric, American Home Shield, and Rheem. "We are very excited to be partnering with Fulcrum and other investors, and look forward to continuing the company's rapid expansion," says Plumb-In-Time CEO and President Michael D. Brown.
About Plumb-In-Time
Plumb-In-Time provides repair, replacement, and installation of plumbing products, including tank type and tankless water heaters, faucets, garbage disposals, toilets, and sinks. The company performs more than 28,000 plumbing installations annually across the United States. Plumb-in-Time is an approved plumbing service provider and vendor for The Home Depot, with services provided in Austin, Chicago, Cincinnati, Denver, Dayton, Little Rock, New Orleans, San Francisco, Sacramento, St. Louis, and San Antonio. For more information, see www. plumbintime. com.
About Fulcrum Ventures
Atlanta based Fulcrum Ventures is a venture capital firm that invests in a broad range of rapidly growing companies that seek $1 million to $4 million of expansion capital. Fulcrum focuses on information technology, healthcare services, and other high growth related opportunities, primarily in the Southeastern United States. Please visit www. fulcrumvp. com for more information.
Contact: Mary Stewart:
678/358-9809
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