Financial Advisor to Dema Plumbing

Posted on July 14, 2022

GLC Advisors Transaction Closing Announcement

acquired by

and merged with

Dema Plumbing and Monocle Holdings, LLC (collectively, “Dema Plumbing”) has been acquired by Gladstone Investment Corporation (Nasdaq: GAIN) (“Gladstone Investment”).

Dema Plumbing, headquartered in Denver, CO, is the largest plumbing and mechanical systems installation and services provider to single-family residential homebuilders in Colorado (including Denver, Boulder, Colorado Springs, and Fort Collins) servicing nearly 3,000 home installations annually. By combining high-quality workmanship, advanced plumbing knowledge, and the region’s largest labor force of licensed plumbing professionals, Dema provides unmatched service to the nation’s largest, reputable homebuilders throughout the Front Range of Colorado. Dema’s expertise includes underground rough-in, aboveground rough-in, and trim-out services leveraging a large, self-perform labor force and highly flexible subcontractor network.

Simultaneous to the acquisition, Dema Plumbing will merge with Mai Mechanical, LLC (“Mai”), an existing portfolio company of Gladstone Investment. Based in Denver, CO, Mai is a leading provider of plumbing and mechanical services focused on multi-family, commercial, and residential construction. John Albright, Jr., owner and Chief Executive Officer of Dema Plumbing, will serve as Chief Executive Officer of the combined entities.

The combined businesses will collectively serve the single-family and multifamily residential markets in the Front Range of Colorado.

“The GLC team provided me with a roadmap of the path ahead and anticipated every curve and turn in the process leading to an outcome that exceeded my expectations. GLC ran an incredible process that resulted in the perfect partner for Dema’s future and growth. I am excited to continue this journey leading the combined Dema-Mai platform.”

John Albright Jr.
Owner & CEO, Dema Plumbing

GLC Transaction Team 
Our team is exclusively focused on advising clients in the Middle Market. Our team’s advisory work includes M&A (sell-side and buy-side), financing/debt advisories, recapitalizations, fairness opinions, and valuations. We excel at working with founders and owner-operators. Our team is passionate about the businesses and people that hire us to advise them in their strategic decisions and events.

Michael Richter  /  Managing Director
Michael.Richter@glca.com  /  303.479.3844
Adam Fiedor  /  Managing Director
Adam.Fiedor@glca.com  /  303.479.3845
Michael Fleschner  /  Director
Michael.Fleschner@glca.com  /  303.479.3846
Michael Armbruster  /  Associate
Michael.Armbruster@glca.com  /  303.479.3851
Reilly Richards / Analyst
Reilly.Richards@glca.com / 303.479.3849
Jackson Winn / Analyst
Jackson.Winn@glca.com / 303.479.3854

GLC Advisors & Co.
GLC Advisors & Co. delivers objective, senior-level expertise to clients through a variety of advisory assignments including: mergers & acquisitions, equity and debt capital advisories, restructurings/recapitalizations, fairness opinions, and valuations. Offices are located in New York, Denver, and San Francisco. For more information, visit www.glca.com.