The deal marks Leap Partners' 35th acquisition in four years, extending its Southeast home services platform deeper into North Carolina's electrical trade.
Leap Partners, a Nashville-based home services consolidator, has acquired Van's Electric, a third-generation electrical contractor based in Franklin, North Carolina. The deal is the company's 35th acquisition since 2022, spanning HVAC, plumbing and electrical businesses across eight Southeastern states, and it deepens Leap Partners' presence in a market it already knows well.
Van's Electric will keep its name, its founders, and its Western North Carolina customer base. Co-owners Chris and Scott VanderWoude, whose combined tenure in the trade runs past a century, are staying on to run daily operations, a structure Leap Partners uses across its portfolio to preserve local trust while adding back-office support like finance, HR and marketing.
Home services consolidation has accelerated because HVAC, plumbing and electrical businesses generate recurring, non-discretionary revenue that private capital finds easy to underwrite. Leap Partners gives sellers a way to cash out or stay involved while gaining centralized recruiting, marketing and vendor relationships that a single-location operator can't build alone, and it positions the platform to bid on adjacent trades in markets it already serves.
Leap Partners has now completed 35 deals in four years across eight states, a pace of roughly one every six weeks, suggesting the platform has built repeatable diligence and integration processes rather than opportunistic, one-off buying. Operators in adjacent trades or nearby states should expect Leap Partners, and rivals running the same playbook, to keep bidding for well-run independent shops, which will likely keep valuations for quality operators elevated even as broader M&A activity cools.
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