Thompson LLP advised Worthy Services in its acquisition of New Jersey-based Gladiator Services, a regional HVAC and plumbing enterprise. Worthy Services is a special purpose entity for the acquisition as part of a planned portfolio development.
Thompson LLP was initially engaged to advise Gladiator Services on a limited set of tax considerations. Over the course of the transaction, the firm assumed a broader role than originally scoped and subsequently advised on equity structuring, supporting the deal through to closing.
Founded in 2017, Gladiator Services provides HVAC and plumbing services across New Jersey and neighboring states. The company has built its reputation on innovative technology, a safety-first approach, and a commitment to training the next generation of HVAC and plumbing technicians.
The Thompson LLP deal team included Ben Thompson, Dustin Barzell, Michael Orenstein, and Bolu Odubayo.