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NEW HAVEN, Conn. — Oct. 11, 2023 – The Regional Water Authority (RWA) announced today that it has acquired James Carboni Plumbing & Heating, a North Franklin, Connecticut-based company that specializes in plumbing and related services to residential and business customers. Terms of asset purchase were not disclosed.
This is the RWA’s third commercial acquisition since 2021 and is part of the company’s strategic focus to expand and diversify its commercial businesses to offer water service and solution capabilities to more people in Connecticut and mitigate prospective water rate increases for its utility customers.
The Carboni acquisition will operate under RWA Well Services, LLC, a subsidiary of RWA Commercial Enterprises, LLC, a wholly-owned subsidiary of the RWA.
"The acquisition of James Carboni Plumbing & Heating supports the RWA’s commercial enterprise growth in water management and environmental services, enabling us to mitigate prospective rate increases for our customers and facilitating our nonprofit public corporation to expand our differentiated service capabilities to more residents in Connecticut," said Larry Bingaman, RWA president and chief executive officer. "This acquisition allows us to offer an enhanced suite of plumbing and related services to a broader set of customers by adding to our portfolio of commercial offerings. With its excellent market knowledge, established customer relationships and skilled and mission-driven employees, Carboni is an ideal fit for the RWA.”
Robert Laudette, Jr., the owner of James Carboni Plumbing & Heating, has worked at the business since 1973 and assumed ownership of it in 1987. He’s grown the business to include a team of skilled plumbing professionals dedicated to serving residential and business customers in Connecticut. Laudette will continue to manage the business after the close.
"We are very excited to be joining operations with the RWA and its other plumbing company – Roach Plumbing – and drinking water operations and treatment business – Water System Specialties," said Laudette. "RWA and Carboni complement each other in terms of a shared strategic vision with proven track records of delivering differentiated plumbing services and water-related maintenance and repair solutions coupled with outstanding customer service.”
About James Carboni Plumbing & Heating
James Carboni Plumbing & Heating, Inc. is a Connecticut Green Bank Smart-E approved contractor that provides plumbing, heating and air conditioning services, and new install services to residential and commercial customers in Connecticut. The family-owned business has been in existence for 60 years.