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.
Revscale Media (illustration)The salon suite franchisor signed 22 units across six markets in the third quarter, most of them to new multi-unit owners, and now counts 759 locations.
Hawaiian BrosSouthern Rock Restaurants, which runs nearly 200 McAlister's Deli and Dave's Hot Chicken units, will build 52 Hawaiian Bros restaurants across four Florida markets over six years.
Revscale Media (illustration)Locations using conversational AI turned 69% of applicants into interviews, four times the manual rate, and the spa franchisor took top honors at this year's Franchise Innovation Awards.
Revscale Media (illustration)Distribution Solutions Group agreed to acquire GradeEight Holdings, parent of the Winzer franchise network and FastServ Supply, a business with about $110 million in annual sales.
Revscale Media (illustration)Domino's now expects 125 to 150 net new U.S. stores this year, and its CFO tied the cut to franchisee profitability, not closures. Orders are up; the items in each order are not.
Revscale Media (illustration)McDonald's, FranConnect and ServiceTitan all pushed AI agents into franchise and multi-location operations this fall. The fight that matters is over who keeps the conversation record.
