Sundream Acquires Local Plumbing Leader in Strategic Florida Expansion

ST. AUGUSTINE, Fla. – January 30, 2026 – Sundream, a growing platform of plumbing and HVAC service businesses, announced today its acquisition of Atlantic Plumbing Services (APS), a highly regarded St. Augustine-based company. The deal, facilitated by Viking Mergers & Acquisitions, marks a significant step in Sundream's expansion across the Southeast and highlights a broader trend of consolidation within the home services industry.

In a move designed to ensure seamless continuity, APS founder Kyle Jones will remain with the business. This arrangement allows him to support his long-standing employees and customers while leveraging Sundream's resources for the company's next phase of growth.

A New Chapter for a St. Augustine Mainstay

For more than 15 years, Atlantic Plumbing Services has built an impeccable reputation in St. Johns County and across Florida. Founded by Kyle Jones, the company became known for its dependable service, highly skilled technicians, and the ability to handle a wide array of projects, from residential repairs to large-scale commercial and new construction jobs. Its growth was a testament to its quality, fueled primarily by word-of-mouth referrals and a loyal base of repeat customers who trusted APS for complex and critical plumbing work.

As the company's success mounted, however, Jones recognized the operational challenges that came with scale. The business was expanding beyond what he could manage as a sole owner, and he wanted to secure a future for it that included experienced operational support. At the same time, he sought a better work-life balance without having to step away from the industry he is passionate about.

"I'm incredibly proud of what we've built," said Jones in a statement. "The company outgrew me from an ownership standpoint, and I wanted to make sure it continued to grow with the right leadership in place. Sundream has a strong track record of supporting businesses like ours, and I'm excited to stay on and keep doing the work I love." Jones's decision to remain involved underscores a commitment to the team and community he has served for over a decade, providing stability during the transition.

The 'Operator-First' Blueprint for Growth

The acquisition is a cornerstone of Sundream's strategic vision. The company operates not as a top-down corporate entity but as a platform of strong local businesses. Its 'operator-first' philosophy is central to its model, focusing on partnering with established local leaders and working within their businesses to support teams and enhance operations for long-term, sustainable success. This approach allows acquired companies to retain their local identity and culture while gaining access to enhanced financial, marketing, and technological resources.

Dan Tulchin of Sundream emphasized the synergy between the two companies. "APS is a phenomenal fit for our platform – both strategically and culturally," he stated. "Kyle has built a strong operation, and we look forward to supporting the team and continuing to serve the St. Augustine community and customers throughout Florida." By preserving the local expertise that made APS successful, Sundream aims to amplify its strengths rather than replace them, creating a blueprint for scalable yet community-focused growth.

Consolidation Wave in Florida's Home Services Market

This acquisition is not an isolated event but a clear indicator of a powerful consolidation trend sweeping across the U.S. home services sector, with Florida being a particularly active market. The plumbing and HVAC industries, historically fragmented with thousands of 'mom-and-pop' operators, have become a prime target for private equity firms and strategic platform companies like Sundream.

Several factors fuel this trend. The services are essential and recession-resistant, providing predictable revenue streams. Furthermore, an aging housing stock requires constant maintenance and upgrades. Industry reports show the North American plumbing market is projected for significant growth, driven by residential development and renovation. Similarly, the HVAC sector has seen a surge in M&A activity, with investors attracted to strong cash flows and recurring service models. By acquiring established local players with strong brand loyalty, platforms can rapidly expand their geographic footprint and achieve economies of scale in marketing, procurement, and back-office functions.

The Dealmakers Behind the Strategic Partnership

Orchestrating this complex and strategic partnership was Viking Mergers & Acquisitions, a firm that has carved out a niche in facilitating such transactions. The deal was led by Senior Advisor Jacob Middleton and Associate Advisor Dylan Bradley from the firm's Florida Division. This transaction marks the fifth time Viking has advised Sundream on an acquisition, a testament to a deep-seated relationship and Viking's ability to repeatedly match business owners with the right long-term partners.

Firms like Viking play a crucial role in the ongoing consolidation trend. With a reported closing rate of 85%—nearly four times the industry average—and a track record of securing sellers an average of 96% of their asking price, they provide the expertise needed to navigate the intricacies of selling a business. For founders like Kyle Jones, such guidance is invaluable in finding a buyer that not only offers a fair valuation but also aligns with their vision for the company's future.

With Jones continuing to guide daily operations and the APS team remaining in place, the company is positioned to build upon its 15-year legacy. The infusion of Sundream's resources and operational support signals not an end, but a new beginning for Atlantic Plumbing Services, ensuring its continued service to the Florida community for years to come.