Flint Group secures investment from General Atlantic, eyes expansion into new us markets
Flint Group, a top-tier home services provider, has announced its latest strategic partnership with renowned global growth investing powerhouse, General Atlantic. This fresh capital injection is poised to turbocharge Flint’s momentum, enriching its service portfolio and reinforcing its ambitions to establish a commanding national platform.
Originating from the expertise of industry stalwarts, Collin Hathaway and Trevor Flannigan, Flint Group burst onto the scene in 2019. In a mere four years, the Company has made its mark as a multifaceted operation, delivering quality HVAC, plumbing, and electrical services for residences. Flint’s distinctive approach of aligning with top-tier management teams passionate about customer satisfaction has birthed its current stature. The conglomerate today boasts 7 high-profile brands sprawled across 5 key U.S. markets, namely Seattle, Portland, Houston, Boston, and Denver.
Collin Hathaway, Flint Group’s Founder and Chairman, elucidated, “Our core vision with Flint was to create symbiotic relationships with formidable brands, curate unparalleled teams, and set the gold standard in services nationwide. As we reflect on our journey, the milestones are evident, and we see a horizon brimming with potential – not just to diversify across geographies, but also to double down on our team and tech investments.”
Trevor Flannigan, the Company’s CEO, expressed enthusiasm about the partnership with General Atlantic, highlighting the synergy in values and aspirations. “As Flint gears up for its next growth sprint, the backing from a seasoned player like General Atlantic amplifies our prospects. Our collective sights are set on carving Flint’s legacy as a national frontrunner,” he added.
Andrew Ferrer, who oversees Consumer investments as Managing Director at General Atlantic, praised the duo’s customer-centric and operationally rigorous blueprint. “Collin and Trevor have showcased the magic that unfolds when an unwavering focus on teams and customer excellence meets operational discipline. Flint’s trajectory, whether through organic growth or M&A avenues, has been truly commendable,” Ferrer said.
The partnership will also usher in Alan Ferber, a seasoned advisor from General Atlantic, to the Flint board. With an illustrious career studded with leadership roles at Jackson Hewitt, ADT’s residential division, and U.S. Cellular, Ferber’s operational acumen will be invaluable.
On the advisory front, Flint Group and Skylight Capital sought financial counsel from Jefferies, with Dorsey & Whitney providing legal insights. For General Atlantic, financial strategies were crafted by William Blair, complemented by legal advice from Paul Weiss.