Redwood Invests in North Carolina Contractor

Redwood Services, a home services firm focused on investing in residential HVAC, plumbing, and electrical services companies in growing U.S. markets, today announced its investment in B&J Plumbing, Heating, and Air Conditioning.

B&J is a family business that was founded in 1976 in Wilson, N.C. Today, B&J has more than 60 employees and more than 13,000 customers. Since 2020, B&J has more than tripled in size, and revenue is up over 40% this year alone, a press release from Redwood Services said.

Mark Wethington, president of B&J, will retain a significant minority ownership stake as part of the investment. The B&J team will continue to operate and manage the business under the B&J brand, while Redwood will offer operational, strategic, and financial support to enhance the company’s growth, the press release said.

“Mark and his son Travis have demonstrated tremendous business growth over the last few years. B&J is a recognized and trusted brand with strong customer satisfaction scores, which is a testament to the culture they’ve built and their dedication to continuing the family legacy,” said Richard Lewis, CEO of Redwood Services. “B&J is a great fit in the Redwood family and we look forward to accelerating the business together in the coming years.”

“My team here at B&J is incredible, but I’ve led them as far as I can on my own,” said Mark Wethington. “I’m beyond confident that Redwood and their unmatched industry expertise is the right partner to help us achieve our full potential. We are blessed to now be a part of the Redwood family, and I couldn’t be more excited about the future.”