First American Bank played a pivotal role in the successful ownership transition and continued growth of a long-established plumbing contractor serving southeastern Wisconsin and northern Illinois. In July 2021, an experienced operator acquired the book of business and assets of the 46-year-old company, ensuring uninterrupted service for customers, employees, and vendors. The transition was smooth, supported by the new owner’s nine years of experience with the predecessor company, including roles as a master plumber and supervisor, which provided deep operational knowledge.
To facilitate the acquisition and support ongoing operations, First American Bank structured SBA-backed financing that combined acquisition funding with working capital support. The bank’s approach provided long-term stability while managing risk effectively, allowing the business to invest in operations, maintain liquidity, and continue serving its community without disruption.
Since the acquisition, First American Bank has maintained an active relationship with the business through regular reviews and ongoing collaboration. Management has responded to economic challenges by implementing cost controls, improving efficiency, and strengthening financial resilience. By 2024, working capital and liquidity improved, operational processes were optimized, and the company continued to meet its financial obligations.
This partnership reflects First American Bank’s commitment to fostering stability and growth for experienced operators. Through strategic financing, ongoing support, and proactive engagement, the bank has helped ensure the long-standing plumbing business navigates change successfully while remaining positioned for sustainable future growth.
