Marcone Acquires Professional Plumbing Group from Dunes Point Capital.

MANews-(C)2009-2021

St. Louis, US-based appliance parts distributor Marcone has acquired Pennsylvania-based plumbing products distributor Professional Plumbing Group (PPG), from Dunes Point Capital, LP to capitalise on increased spending on plumbing products from consumers, technicians and larger strategic accounts, and accelerate growth, the company said.

Terms of the transaction were not disclosed.

The acquisition expands Marcone into plumbing parts and equipment.

Marcone, portfolio company of private equity firm Genstar Capital, is an authorised distributor that supplies an inventory...

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