The Six Figure Plumber is Going Extinct

The Six Figure Plumber is Going Extinct

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Publish Date:
July 26, 2026
Category:
Skilled Trades
Video License
Standard License
Imported From:
Youtube

Wall Street is quietly buying your local plumber. Private equity firms — backed by names like Blackstone, Goldman Sachs, and Alpine — have purchased nearly 800 plumbing, HVAC, and electrical companies since 2022, one small shop at a time, keeping the old family names on the trucks so you'd never know the owner changed.

In this video: how the rollup strategy works, why the "six-figure plumber" doesn't survive Wall Street's buyout.

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————— SOURCES —————

THE BUYOUT WAVE

Morning Brew — "Private equity wants to unclog your toilet" (~800 skilled-trade businesses bought since 2022, per PitchBook): https://www.morningbrew.com/stories/2024/10/13/private-equity-wants-to-unclog-your-toilet
Te-Ping Chen, "America's New Millionaire Class: Plumbers and HVAC Entrepreneurs," Wall Street Journal, Oct. 12, 2024 (paywalled): https://www.wsj.com/business/entrepreneurship/plumbers-hvac-skilled-trades-millionaires-2b62bf6c
Homepros — Goldman Sachs' PE arm acquires Sila Services (reported ~$1.7B): https://homepros.news/goldman-sachs-private-equity-arm-to-acquire-sila-services/
Goldman Sachs Alternatives — Sila Services investment announcement: https://am.gs.com/en-us/individual/news/press-release/2024/sila-services-investment
Sila Services — acquisition of My Plumber Plus: https://silaservices.com/sila-services-continues-its-virginia-growth-with-acquisition-of-my-plumber-plus/
Alpine Investors — Apex Service Partners continuation transaction: https://alpineinvestors.com/resource/single-asset-continuation-transaction-apex-service-partners/
Air Pros USA bankruptcy (what happens when the rollup math fails): https://elevenflo.com/blog/air-pros-usa-bankruptcy

THE PLATFORMS AND THE BRANDS

Champions Group Holdings — brand roster: https://championsgroupholdings.com/our-family/
Adeedo! — "Serving Southern California since 1949": https://www.adeedo.com/
Apex Service Partners — official site: https://apexservicepartners.com/
Craftflow — companies Apex Service Partners has acquired: https://www.craftflow.com/dossier/what-companies-has-apex-service-partners-acquired
Business Wire — Sila University training academy announcement: https://www.businesswire.com/news/home/20250515579997/en/Sila-Services-Is-Building-the-Next-Generation-of-Trade-Talent

WHAT PLUMBERS ACTUALLY MAKE

Bureau of Labor Statistics — plumbers, pipefitters & steamfitters wage data: https://www.bls.gov/oes/2023/may/oes472152.htm
Job listing — residential plumber, 100% commission, $50K–$300K (My Plumber Plus / Sila): https://jobs.lever.co/sila/4d48f174-7031-49bf-bfda-b5fb03cd71a1
Job listing — service plumber, $22–$38/hr (Adam Home Services / Sila): https://jobs.lever.co/sila/3c254072-7a0b-4cea-be26-dda8d0c96bbe
Indeed — My Plumber Plus employee reviews: https://www.indeed.com/cmp/My-Plumber-Plus/reviews
Glassdoor — Roto-Rooter plumber salaries: https://www.glassdoor.com/Salary/Roto-Rooter-Plumbing-and-Water-Cleanup-Plumber-Salaries-E342645_D_KO39,46.htm
Catalyst for the Trades — PE consolidation and first-year tech pay increases (~20%): https://www.catalystforthetrades.com/blog/how-private-equity-consolidation-is-changing-the-home-services-industry

THE "GO INTO THE TRADES" PUSH

Business Insider — Gen Z's pivot from college degrees to the trades ("PowerPoint to Plumbing"): https://www.businessinsider.com/gen-z-pivot-college-degrees-work-blue-collar-jobs-trades-2025-5
WOWK 13 News — trade schools seeing massive Gen Z growth: https://www.youtube.com/watch?v=LysP1EKfcGk
Fortune — Jensen Huang on demand for skilled trade workers: https://fortune.com/article/nvidia-billionaire-ceo-jensen-huang-demand-for-gen-z-skilled-trade-workers-electricans-plumbers-carpenters-data-center-growth-six-figure-salaries/
McKinsey — "Tradespeople wanted": https://www.mckinsey.com/capabilities/people-and-organizational-performance/our-insights/tradespeople-wanted-the-need-for-critical-trade-skills-in-the-us
KTVB — Idaho's workforce needs more plumbers: https://www.ktvb.com/article/news/local/pipeline-problem-idahos-workforce-needs-more-plumbers-states-growth-outpaces-trades/277-8316e57b-3216-4ae9-857e-dcb8f8ed002e

THE WHITE-COLLAR WARNING

The Guardian — college graduates, the job market, and AI: https://www.theguardian.com/us-news/2026/apr/12/college-graduates-job-market-ai
Business Insider — companies replacing employees with AI: https://www.businessinsider.com/list-companies-replacing-human-employees-with-ai-layoffs-workforce-reductions

Job listings, reviews, and pay figures were retrieved July 2026 and may change or be removed. This video is analysis and commentary based on the public sources above. Nothing here is financial or career advice — run your own numbers.


Did you miss our previous article...
https://careervideos.club/skilled-trades/why-50-of-trade-apprentices-quit-the-truth-nobody-tells-you